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
Today my account is up $4,500, or 0.6%. Most of my tech holdings pulled back after hours. Still, I am beating the S&P by a lot. I expect this earnings week will be huge.
My picks from yesterday:
$DIS- -0.52% (approaching buy zone)
$F- -2% (approaching buy zone)
I was not surprised when I saw $BB and $GME start taking off like Falcon Heavy on the launchpad. Count down to the opening bell, and then blast off! $GME pumped up $159 before running out of rocket fuel. Let's take a dive at some other big gainers that you might want to get in on some action, and that I'll be adding to my watchlist.
ADDITIONS TO WATCHLIST
$SOLO - SOLO graced my buy zone today, barely, and immediately bounced back up. This is still going to be a hot EV stock that I believe will have no problems getting to $11 next EV bull cycle. Specifically I like this company because it is a cheap stock that beginners with low account balances can sell covered calls with. If you believe in the EV industry, and don't mind holding this mid-long term, it is a good choice with decent premiums.
Target Price: $11
Timeframe: 1-2 months
$CCIV - Churchill Capital Investment holdings that is rumored to merge with Lucid Motors. This is a risky play if you just buy naked calls, therefore I recommend buy the rumor, sell to fools. Premiums for covered calls are high right now as this stock is gaining a lot of online attention and hype. If you can afford $2500 for 100 shares, you'd be a to profit off the rising premiums. Be aware that if the merger falls through, share prices will fall to $10.
Target Price: $37
Timeframe: 3-6 weeks
$AMC - AMC is in the headlines now and is up 35% today including after market. In fact, it opened above the 180 MA for the first time since late November. The entertainment company raised $917 million in equity and debt capital to stave off bankruptcy. It has doubled in the past few trading days. Wait for the gap to be filled, if it will at all, and get comfortable in a cheaper position. This one could be the next huge gainer. I would personally sell covered calls, or short term OTM option that isn't heavy on the capital.
Target Price: $7
Timeframe: 1-3 months
$REGI - Renewable Energy Group is a company that is focused on providing cleaner, low carbon intensity products and services. Anything clean energy or renewable energy is a yes for me and lately this one is a little overlooked by some clean energy ETFs. Currently my Technical Analysis shows a strong trend that REGI has formed. I won't be in any rush to buy this and will wait for it to hit my trendline again. After it does, I expect a movement towards $125. I'd save capital and go with mid to long term calls.
Target Price: $125
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.
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