First of The Month
They call today “May Day”. That is also a distress call. You take your pick. Big names dropped on ER today (AMZN, AAPL) so is that a look in to what happens tomorrow?
Unemployment and NFP numbers hit tomorrow before open and those could be market movers (and the numbers can also be easily forged, but I digress).
VIX is low relatively speaking and tomorrow is our favorite ay of the week - LOTTO FRIDAY! I don’t have a lot of witty things to add tonight, just some great setups and cheap 10x potential as always!
So set your levels and alerts and let’s get the show started!
2 BIG Trades from the Stack
HIMS 0.00%↑ was over 1,075% on Tuesday from the Easter stack.
OKTA 0.00%↑ from Sunday Bonus Picks went from $18 to $433 on Tuesday!! 2,305%
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dash/Dot Blue line = Price Targets
Orange Dash/Dot line = POC (Point Of Control)
Purple line = Dark Pool
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
CRWD
CRWD 0.00%↑ 4 hour bear flag. I think a lot of charts look due for a pullback, and this is one that is hanging by a thread for tomorrow. We either hold and bounce off this lower trendline or we breakdown and head for that wick low at 414.50 from last week. Here’s my plan for tomorrow
Calls over $430.00
440c & 445c on watch
Puts under $427.00
420p & 417.5p on watch to the downside
ROKU
ROKU 0.00%↑ 1439 chart so we can see the earnings drop (daily candle won’t show it right now). This is retesting the breakout trendline so it’s either bounce or flush tomomorrow. I love easy setups.
Calls over $64.00
66c & 67c on watch
Puts under $62.50
60p & 59p on watch here
PRIME STYLE: 58p
COIN
COIN 0.00%↑ 4 hour bear flag setup with the lower trendline acting as the “do or die level” for tomorrow. Another easy setup: hold the trendline and bounce or lose it and fall below. Here’s my plan for tomorrow.
Calls over $201.00
2075.c & 210c on watch here
PRIME STYLE: 215c
Puts under $199.25
195p & 192.5p on watch
PRIME STYLE: 190p
LLY
LLY 0.00%↑ got hammered for lowering forward guidance, but in my opinion it was a quite a penalty for a minor adjustment in EPS for the 3rd quarter. Anyways, the drop give us a nice retest of the trendline in this 4 hour bear flag (yes this pattern is everywhere right now!). Another “hold the trendline and bounce” scenario for tomorrow. Here’s the plan.