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.
** YouTube Commentary** : Here
I'm back at it and feeling better from the time off that I had. Still not 100%, but close enough. Thank you everyone for the well wishes! I'll start posting consistent write ups and videos throughout the week! The webinar this Sunday was excellent! Thanks for the support from all of my subscribers.
Nasdaq and tech had a major bounce off of key support last week and we will be taking a look at key plays for the week coming up.
Despite the latest tech selloff and negative news cycle, $QQQ is still in a bullish parallel channel and is hitting the support drawn out from the Covid bottom right now (red line). Measuring the lengths of the March dip, we could possibly see $350-$360 in 3-4 weeks.
$V is looking ready for a nice trajectory towards $240-$250 levels in the next couple of weeks. If you are wanting some options I'd recommend July/August calls. They will work nicely here. Vertical spreads would also be a way to take a bullish positions while saving some money and reducing risk. There is little doubt consumer spending will increase going into the summer. Vast majority of analysts have a 'buy' rating for Visa and May has 75% of the time been a winning month with an average of a 3.5% increase.
$XLF is looking very strong and I don't see a big reason why it will stop running up through the summer 2021. Assuming the same rate of growth, $XLF will be at $40 in a month. Vertical spreads and calls are relatively low risk with good potential. I'd recommend buying them a couple of months out at least.
$AMAT has very strong support around $120. With the semiconductor shortage mostly over, I expect a push up ~30% over the next couple of months. September calls around $145/150 would work nicely. I would consider a little riskier as the entire semi sector has been very volatile. I do think that the next quarter earnings should look better for most companies that are ramping up production now. Of course, the semi demand won't go away anytime soon.
$GOOG is in a strong bullish trend. I'm expecting $2500 in 4 weeks or so if tech continues rising. It is hard to find an analyst or firm that isn't giving Google a 'Buy' rating this year. I really like vertical spreads here.
Follow me on Social Media
Webull Account-2 Free Stocks with a chance to get $FB Facebook
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.