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. 1-on-1 Private Coaching via Zoom is now available. Whether it is portfolio building and review, formulating a personalized options strategy, or the basics of how to trade - I'll make your portfolio relevant. Email me here or DM me via social media.
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YouTube Video Link: HERE
Warning for entire market pullback temporarily lifted.
Another good day for the markets. I sincerely hope you guys bought the dip when we called out the support for the Nasdaq and S&P 500. Remember, its always smart to keep some cash on the sidelines and periodically take profits. Today I want to go over the GameStop saga, what you can do if you are holding bags, and my advice on the best strategy going forward in today's YouTube video.
Most recent notable past picks: (please go back in past posts to find them).
Today my portfolio has almost recovered entirely from the pullback last week. Since Monday it is up 12.87%, or almost $80,000.
Here are all the options positions I've entered into last week and this week.
I might need to roll the Tesla Covered Call tomorrow.
Adding to Watchlist:
$CE: Celanese Corp is a technology and specialty materials company. They have been experiencing increased growth and the global ethyl alcohol and other basic organic chemical market is expected to grow from $867. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact. Give this one some time, I'd suggest mid term calls, but a target of $150 is very reasonable.
Target Price: $150
Timeframe: 3-5 months
$MU- Micron Technology Inc is a semiconductor company that has a portfolio of memory technology including DRAM, NAND Flash and NOR Flash are the basis for the SSDs, multi chip packages and other solutions. I'm very bullish on semi's in general and $MU is set to start another bull cycle towards $110. Again, I like mid term calls or sell covered calls.
Target Price: $110
Timeframe: 3-4 months
$BFT: This is another SPAC that is rumored to be merging with Alight Solutions. Alight Solutions is a cloud-based company that offers “integrated digital human capital and business solutions.” Its services include optimizing business process as a service (BPaaS) to enhance the capabilities of workers and companies. I don't see any problem with this 1.5x-2x upon merger.
Target Price: $22
NOTE: It has been brought to my attention that WPF is merging with Alight Solutions, not BFT. Both are Foley Trasimene.
Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest.
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