Prime Playbook
May 16, 2024 Volume 42 "Free Fall Edition"
600 Down
Wellllllll, today was rather abusive! Violent price action and crazy moves left us with the worst day for the DOW in 2024. Meanwhile NVDA is up $100 all day long…this is called fuckery 101.
Tomorrow will be interesting as we head in to the long weekend. Will buyers step back in, or will volume be absent with people taking off for the holiday? That can lead to choppiness and premium burn.
However, it is LOTTO FRIDAY, and you know what we do in here! Follow the Stack, and start your weekend off with BIG GREEN.
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 BANK!
TOST
TOST 0.00%↑ looks to be heading for a gap fill and retest of the daily bullflag breakout. I’m looking for this to hold above the gap tomorrow and go or fill it for a retest. Here’s my plan:
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