I do live trading on my Twitter and would like to post the real option trades that I am doing, and what my current watchlist is. Follow along on my journey to $1 million.
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Options This Week:
Thursday was a beautiful day for tech and semiconductors. TECL and SOXL both finished up more than 5%. I am actually looking forward to the next dip where I can buy more cheap small caps. My short term options for the week remain at 100% accurate; follow my Twitter to see the screenshots of the options I am doing. To be honest, I hate when I'm 100%, because then there is a lot of pressure to continue the win streak. It feels the same to me as when you buy a new car (or shoes), and you dread the day it get's it's first scratch on it. 100% accuracy in weekly stock options is really hard to maintain, and stressful. Most tech is moving up right now, just get prepared for it to pull back out of nowhere.
My portfolio is at an all time high, past $755k. I need to start raising capital and selling off some of my positions. Maybe I will sell half of my TSLA when it is $900, I am undecided.
Futures are mixed heading into Friday's opening bell. I'll be watching closely for an entry. There are a few that I'm keen on, but waiting for technicals to align.
Some have asked how I am picking these weeklies so well, and how I decide to take the positions that I do. A magician never reveals his tricks! Just kidding! It is an excellent question that doesn't always have an answer that you would expect. I wish that it was super straight forward and clear, and I would make a lot of money teaching people how to pick options at such high accuracy. However, it isn't. I would say that first of all, I look for a catalyst. It doesn't have to be major news to move price by a dollar or two. Second, I make sure to do TA and find support/resistance. Third, wait for momentum. Lastly, just experience in making and losing money in options; I know what is good and what's not.
I will add more to this in the daily YouTube video today. Make sure you are subscribed!
Short Term Options to Consider: (remember follow on Twitter for actual trades I'm doing)
SE 4/23 255c at $3.50 - The company is expected to report EPS of -$0.39, up 25% from the prior-year quarter. Good earnings should be catalyst enough to move up by a few dollars.
RDFN 5/21 70c at $3.50 - Technical analysis showing that the stock broke the $67 resistance and might have momentum now that real estate market is so hot.
Again, these entries prices are a little lower than the close yesterday and I'd hope to catch a dip. However, I can't predict the prices that we can catch them for. Please follow me on Twitter for exact entries.
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