Waves, Sand, Sun
As we head in to Lotto Friday tomorrow, a quick reminder that the markets will be closed this Monday for Memorial Day. Yes, it’s officially “beach season” and people will be taking advantage of the long weekend. Don’t worry - you will still get your Stack for the week, however depending on my weekend it will come either Sunday or Monday.
We have seen a lot of range bound chop outside of the big drop this week on the auction news. Lots of frustration has been felt, and many hours of this week the best play was to sit on hands and wait.
Good news tomorrow - we are back to the cheaper Friday premiums, and the day when PRIME PICK$ subscribers are set up to win like nobody else in the market. Tonight’s stack is locked and loaded, so let’s not waste any time and hop right in!
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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!
CMCSA
CMCSA 0.00%↑ daily consolidating wedge. This is a fun Friday name because the premiums are ultra cheap and multibag moves are possible Holding the lower trendline inside of this consolidating formation, we are looking for a hold and bounce or a breakdown of the trendline. Here is my plan.
Calls over $35.00
35.5c on watch
PRIME STYLE: 5/30 36c
Puts under $34.50
5/30 34p on watch to the downside
DOCU
DOCU 0.00%↑ 4 hour consolidating wedge. This looks like a potential retest of the lower trendline, however we could see continuation if we base overnight in this area. Here is what I’m looking at.
Calls over $87.35
88c & 89c on watch
Puts under $86.25
85p & 84p on watch here
RDDT
RDDT 0.00%↑ 4 hour bull flag. This name can absolutely fly up and down on any given day. Back under 100 level is what caught my eye, and the chart is setup to push for a breakout if we get some buying volume tomorrow. Here is my plan.
Calls over $100.50
102c & 103c on watch here
PRIME STYLE: 105c
Puts under $98.00
97p & 96p on watch
AI
AI 0.00%↑ daily inverse head and shoulders formation. This is another perfect name for PRIME PICK$ Lotto Friday with the cheap premiums and the ability to produce multibaggers fast. This has been stuck at 23.25 for 3 days, if we push over watch out!