Updated: Sep 17, 2021
Chop Chop Choppy day again. Major US indices clawed their way back out of a red pit, and the Nasdaq even finished out with a small gain. US jobless claims came out worse than expected today, however that didn't phase investors much. Actually, the way that I look at it is bad news is good news for stocks. The worse off the economy is, the longer the Fed will delay tapering.
Consider joining the Discord and stay on top of your trading, and get pinged every time we have an entry. If you want access to try the alerts for a week, DM me on Discord or send me an email.
$SQ +18% (calls)
$CAT -6% (calls)
$AAPL -6.2% (calls)
$YUM -6% (calls)
$AI +45% (puts- Closed)
$ABNB +100% (puts- closed)
$EBON +10% (puts -closed)
$SPY +20% (calls - closed)
$TGT +20% (calls- closed)
$F +30% (calls-closed)
Had some good movement on TGT and F today, and I closed out the positions at 20 and 30 percent profit while the going is good. A little downward pressure on AAPL, CAT and YUM, however I am still hopeful as they are at support. I might not carry them over the weekend as I've made some good profit already this week and don't mind exiting at a small loss. It is rather choppy and unpredictable right now, so I prefer to have less positions open at the same time until confidence grows that we bottomed out, or at support.
If you are not in the Discord VIP, you should consider it now. Surprisingly, it has been an excellent week for my options alerts. Usually choppy weeks are unfriendly for options because of the decay. But I am confident if you follow my alerts, you'll make back the contribution amount in a week on average.
25% OFF Trend Spider - I would like to thank Trend Spider for the awesome charting tools. It is one of the best technical analysis tools out there. Everything is automated for you if you are not so good at TA or don't have the time for it. Highly recommended to check them out. TRENDSPIDER. Use code PS25 for 25% off! Check our my Trend Spider Video!
I like SPOT puts, however I'm undecided if I should wait for the upper resistance again, or just enter now and ride them back down to the glass bottom around $200. For now, I'll set an alert for puts from upper resistance, as it looks decently strong.
Nothing new today. I don't want to overdo it with too many positions open. I'll take a look at everything more this weekend. Friday might be a taking profit day for me.
Do you want a Visa Card that gives you up to 8% cash back in Crypto? Free Netflix & Spotify? Also possibly AirBnb & Expedia monthly reimbursements? Earn up to 14.5% on your Crypto HODL portfolio! I do. Check out Crypto.com and get $25 if you sign up for one of their Visa Cards. I will start running all of my daily expenses through this card and I estimate will save around $10,000 per year. (If you don't stake you can still get 1% cash back, and if you stake only $400 it is 2% plus earn 10%p.a. on the $400)
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.