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Journey to $1 Million - March 25th, 2021

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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YouTube Video Commentary: Here

We are really on a roller coaster of a ride. One day up, the next day down. Oil and Financials were green yesterday and with the crashed cargo ship in the Suez, oil probably will continue to climb until that is resolved. Everything started out well yesterday until a few hours before closing bell the markets decided to tumble. The Nasdaq and tech had another hard day of selling, and the Dow finished even.


Markets:

  • SPY: -0.55%

  • QQQ: -2.03%

  • DIA: -0.01%

Notable Recent Picks

  • $EBON: +26% (put)

  • $FLGT: +17% (vert spread)

  • $FAS: +1.1%

After yesterday, my portfolio for the week is down 3.7%.

Adding to the Watchlist:


$AAPL: Apple is probably one of the best buys right not in terms of longer term option plays. The first time I mentioned it I was expecting it to pull back, but not as much as it has. I'm keeping my target price and entry the same. Currently it is pulling back into my buy zone. I expect there to be more choppiness until the summer, but the last two quarters to be better. I've got leaps currently expiring next year and will be adding more to them.

  • Target Price: $175

  • Entry: <$118

  • Risk: 2

  • Timeframe: 4-6 months


$MSFT: A recent report from Bloomberg suggests that Microsoft is interested in acquiring instant messaging and digital distribution platform Discord for the stunning rumored price of nearly $10 billion. The first thing you need to know about Discord is that it’s ridiculously popular. The latest reports suggest that Discord is closing the gap with Twitter in terms of average monthly users. Nearly 150 million people a month regularly use Discord and have come to rely on the service as their default online communication option. For myself, 6-18 month expiration would be worth it; the longer the better. The Discord acquisition is just rumored right now after all, but $MSFT didn't do so bad during this last tech dip.

  • Target Price: $275

  • Entry: <$230

  • Risk: 2

  • Timeframe: 5-7 months


$BBIG: Vinco Ventures is a mergers and acquisition company preparing for a combination with ZASH Global Media and Entertainment. This would set it up as a rival for TikTok with the help of Lomotif. Vinco Ventures is my NFT play. There is speculation that they will start selling NFTs. These are special cryptocurrency tokens that are made in limited amounts, typically only one each. The tokens are used to buy and sell art online. That doesn’t just cover digital art, either. The tokens can also be used to represent physical art as well.

  • Target Price: $7

  • Entry: <$3

  • Risk: 5

  • Timeframe: 1-2 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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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.

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