POLE-VERIZED.
That’s the theme. That’s the forecast.
While the world teeters on the edge of another Middle East meltdown and markets gear up for quarterly OPEX, one bloated buffoon is out here prioritizing…flagpoles. “Big, long, pointed” compensators for________ (you can complete the Mad Lib here!)
Tomorrow is Lotto Friday, and not just any Lotto Friday. We’ve got quarterly OPEX, headline risk hotter than Tehran in July, and a market that’s wound tighter than that flagpole budget. VIX is still pretending nothing’s happening, but under the hood it’s chaos: risk-on in places it shouldn’t be, and zero conviction where it should.
This isn’t a day to sleepwalk through. This is a day to get in and get out, while the market looks to POLE-VERIZE weak hands and soft plays. I’ll be locked in from the open with tonight’s setups and ideas, and updating with more in the subscriber chat before market open. I hope you are ready for another PRIME STYLE Lotto Friday!
We’re not raising flags tomorrow — we’re planting them. Let’s eat.
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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!
ELF
ELF 0.00%↑ closed on Wednesday testing the lower trendline of this bear flag formation. There is the big earnings gap below if we lose the trendline to keep an eye on in the coming weeks, but the breakdown could start tomorrow, so that’s the play here. Lose the trendline you can take puts. If we hold and bounce, you can look to take calls. Here’s my plan.
Calls over $122.75
123c & 124c on watch here
PRIME STYLE: 125c
Puts under $121.00
120p & 119p on watch to the downside
APP
APP 0.00%↑ daily consolidating wedge with a daily gap below in focus if this loses the lower trendline. Another easy bounce/breakdown setup for tomorrow. This name can move $20 in a day, so I’ll have my eye on this as a top watch on my Friday trading plan.
Calls over $345.00
350c & 355c on watch
PRIME STYLE: 360c
Puts under $340.00
335p & 330p on watch here
JNJ
JNJ 0.00%↑ daily with another retest of the lower trendline in this daily wedge formation. This has led to bounces the last 2 tests, if this bounces again it has multi-bag written all over it. Breakdown of the trendline sees us fall under the psychological $150.00 level.
Calls over $151.25
152.5c & 155c on watch here
PRIME STYLE: 6/27 160c
Puts under $150.50
150p & 149p on watch
RKLB
RKLB 0.00%↑ daily rising channel formation. If we break and hold over $28.25 tomorrow this can see $30. Rejecting that level we could look for puts, or if we open and head down we can hit them under $27.25. Here’s the setup for tomorrow.