Prime Playbook

July 18, 2024 Volume 58 "Schwarbombs Edition"

All Stars Galore!

My Phillies were very well represented at this week’s MLB All-Star game. One who was not there was Mr. Schwarbombs himself, Kyle Schwarber. He starts off the game with an epic home run or a strike out. Kind of like trading. Every week we have a ton of “all star” trades in the Stack, especially on Lotto Friday. BUT, we don’t win them all. That’s ok, you get multiple at bats in baseball to try for a home run again, and that is what you get every single week in the Stack. Schwarbomb after Schwarbomb!!

It has been a Tale of 2 Cities this week, with full Dickens in effect! A molly whopping in big cap and tech, but I think we might see a change tommorrow. It is, after all, OPEX Friday. Fuckery and the unexpected are TO BE EXPECTED.

You can get crushed tomorrow. VIX is high, premiums are higher than what you have gotten used to the last few months. Play small or don’t play at all if you don’t want to. BUT, if you do, you have the stack, and PRIME has your back.

So let’s get to it.

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My Charts

Over Green line = Entry for Calls

Under Red line = Entry for Puts

Dotted Blue line = Price Targets

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 get paid!

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ARM

ARM 0.00%↑ has a pattern that I am seeing on a lot of 4 hour charts right now. A retest of the breakout trendline at the demand zone. Chips have been hammered this week, do they mount a comeback tomorrow? Here is what I’m looking for.