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.
YouTube Video Link: Here
I rolled the rest of my options positions today. Currently I don't have any left in order to apply for a margin account on Webull. For some reason they are telling me it takes 6 business days to process; so I need to get my portfolio in order before I do that. I'm not sure if I will be able to execute any more trades for who knows how long. Here is a link to their policy: https://twitter.com/real_ZLParker/status/1352274591482314752?s=20
In yesterdays analysis, I correctly called the direction of 5 out of 5 stocks; 4 of which entered my buy zone. Make sure you subscribe to my blog at the bottom of this page to get email notifications of when a new write up is available.
Today my portfolio is up 9%, or $58,000. Honestly, the markets, especially tech, have been pumping a lot for a while now. I'm expecting somewhat of a pull back tomorrow.
Take a look at the S&P 500 ETF ($SPY) chart. There have been two major cool offs from the post-covid19 run up, and there will be another. It seems like we are overdue. I am not saying everyone panic at once, but if you want to protect your portfolio from loss - and/or buy a future dip buy $UVXY (an inverse 1.5x of $SPY). This will hedge your portfolio until a dip occurs and you can then buy the dip. Doing this instead of selling your positions is more tax efficient because you aren't selling and won't pay income tax on your long term gains. It is something to consider if you are a long term HODLER of stocks and ETFs.
Adding to the Watchlist
$CAT - Caterpillar is a manufacturer of mining and construction vehicles you are probably familiar with. Now, you might be thinking why should I buy this stock? Simple. they have been developing autonomous vehicles and technology since before Tesla was. They started in 1985 and had two trucks by the early 1990s. CAT is the true "OG" of autonomy.
Currently, they have many trucks and mining vehicles that are totally self driving and can easily navigate the terrain of a quarry or mine.
For me this is an easy buy, that I can see myself holding mid term. CAT is a well established company that is a leader in their industry and has an autonomy technology that many people tend to look over during a period of boom in the EV and autonomous vehicle industry. CAT is up more than 100% since the Covid lows of March. Currently it is pulling back a little. I expect it to pull back a little more before continuing its upwards push towards $225. For $CAT I'm mostly interest in buying Calls.
Price Target - $225
Entry - Less than $187
Risk (1 out of 5) - 3
Timeframe - 2-4 months
$SBE - Switchback energy is an interesting SPAC that is looking to merge with Chargepoint. They have already announced the merger, so besides an unforeseen circumstance, this should be an excellent play. Currently it is hitting resistance on a trendline.
Price Target - $50
Entry - $40 or less
Risk (1 out of 5) - 4
Timeframe - 2-4 weeks
$XPEV - Xiao Peng is an EV manufacturer based in Southern China that is currently ahead of its domestic competition in autonomous driving. In Shenzhen, China, XPeng sedans are already on the street being tested and used for self driving. Unlike $NIO which in my opinion is over valued, see article here. I've seen Xpeng vehicles in person - they are nice. Also, in China they are marketing harder than NIO. For these reasons, and their autonomy tech, this is a no brainer for me. I'd recommend holding commons, or buying OTM long expiration calls. If you have can afford 100 shares, you can sell covered calls and collect nice premiums.
Price Target - $80
Entry - $49
Risk (1 out of 5) - 4
Timeframe - 3-5 months
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.
Follow me on Social Media!
Webull -4 Free Stocks
Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. Prostockadvice.com is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.