Prime Playbook

May 2, 2024 Volume 36 "iBuyBack Edition"

AAPL Pie a la Commode

I have no idea who AAPL is selling their shitty wares to these days. Clearly the Vision Pro whatever headset to sit in your Mom’s basement and watch cyber beach volleyball while eating Cheetos turned out to be a colossal dud. But wait!!

AAPL said, let’s buyback about 110 billion shares or so. You know, pump our own stock up to try and cover up for how shitty our products are…my disdain for this company is well known if you can’t tell! So AAPL “jacked” after hours, but don’t assume a gap up because we have big data tomorrow morning before open.

Non-Farm Payrolls (NFP) and Unemployment Rate highlight the lineup at 8:30 am. I could get in to a lengthy diatribe about NFP and how fake it is, but I’ll save that for another time because we are here to make $$$$

It’s Lotto Friday. You know what we do. Let’s get it!

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My Charts

I have had some questions about my charts, and want to clarify any confusion. The charts in the Stack are about as simple to understand as possible.

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.

Don’t overthink it. This Stack works.

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ETSY

ETSY 0.00%↑ with the big drop on earnings. Now, if you have been a subscriber you should know by now the FIRST thing I look for on earnings…

IS IT A RETEST??

4 hour bullflag off the trendline RETEST (see how that works) and she looks good for tomorrow.

With the drop it leaves a big Fair Value Gap (FVG) to the upside. Don’t get greedy if these kinds of trades pop. They are cheap on Friday so have multiple cons so you can take profits along the way.