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Prime Playbook

Prime Playbook

May 19, 2024 Volume 41 "Belle of the Ball Edition"

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Primerano40x "Prime Minister"
May 20, 2024
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May 22nd WILL BE WILD!!!

This Wednesday has been building up momentum for a LONG time. The anticipation is almost too much to handle, and I personally am still trying to wrap my head around it!

This Wednesday, my daughter TURNS 18!!

Party Time!!!

Now, I guess there IS something else going on that day that might be slightly more important to the readers…

NVDA EARNINGS!

Before we get to NVDA earnings, we have 13 FED speakers between Monday and Tuesday!! And just to make sure things are as confusing and chaotic as possible going in to NVDA earnings, we the latest FOMC minutes on Wednesday at 2 p.m. as well. This sounds similar to the NFL planning their schedule around Taylor Swift!

Ok, so what does it mean? Nearly everyone will be chasing NVDA in one way or another. The only ER trade I will consider for NVDA is straddling QQQ. There are so many other things to trade in the market, and you know I’ve got some tricks up my sleeve as always inside!

JUST FOLLOW THE STACK my friends!

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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 BANK!

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SE

SE 0.00%↑ monthly chart is one of the better looking monthly charts when you talk about not only trading options, but also as a longer term commons idea if you are in to that.

This has been slowly pushing up since the beginning of the year, and it was green last Wednesday, Thursday, & Friday = 3 white soldier pattern (check your daily charts). So this is really an ideal setup going in to this week, and this is what we are looking at.

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