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.
I will be doing a live stream to go over this report and to take any questions, portfolio review, or TA with my followers over on YouTube. Tune in Sunday, January 31st at 9/10pm EST.
Last week was brutal for a lot of us, except the brave YOLO men from WSB (r/wallstreetbets). This is now a golden opportunity for us to buy the dip. Hopefully you have some cash on the sidelines that you are able to inject into the stock market this week on all of your favorite picks. Let's go over some of the stocks I will be watching closely this week to make a play on.
For more information on price targets, entry, risk, and timeframe, see the official watchlist.
$PLTR - Once again this hot ARK Invest baby is on my list. It is about to enter my "buy zone" and there is reason to believe that it will be making a push toward $45 soon. Mid term options look like the will turn a nice profit. Be ready to start buying this week.
$AAPL - Not only is this one on Hon. Nancy Pelosi's watchlist, it has also graced my sights as well. I don't see any reason to be bearish on Apple Inc with the convenient, and addictive Apple ecosystem that it has created. Currently AAPL is hitting a support that it has successfully tested and bounce more than one time sine the Covid-19 lows. Save your capital with LEAPS.
$SOL - A renewable energy company that is currently pulling back into my buy zone. I'd have a stop loss set pretty tight on this one, as it is a smaller market cap company than some of the other big dogs we've been discussing. It can be a volatile play, however I am bullish overall on the current admin. If you have the capital, I would sell covered calls; even sell a put at around $17-$19. Watch out for the super trend indicator to flip though.
$SOLO - Again on my watchlist. I've bought my 100 shares and if it dips a little more I will keep buying in batches of 100 shares. I will be selling covered calls this week on this one, while we await the next EV push.
$XL - XL Fleet is a provider of electrification solutions for commercial vehicle fleets. Inevitably all cars will be electric, and right now is the time the world starts shifting towards the inevitable. XL is one of the leaders of electrifying traditional gas powered cars, and turning them into an EV. This can save a lot of costs for companies that have already invested in a fleet of vehicles. XL is a buy, however it has been a little more volatile for my liking as of late. Personally, unless you plan to buy commons and sell covered calls, I'd wait until the super trend flips back to bullish before entering this.
$GME - Of course, there is GameStop. It is hard not to have this on a list. Over $300 now, this is very risky. It will crash at some point, but in the meantime it has a lot of momentum. This is a momentum/hype play. If you are brave enough, I'd suggest a small OTM call option position that you're ok to lose it all. Truly the essence of WSB.
$SLV - Silver Trust. It is rumored to be short squeezing soon. It is trending online. Let's see what is to come. Get in now before it blasts off like $AMC, $BB, and $NOK did after the infamous $GME. Refer to my last analysis as not much has changed.
$QQQ - Good ole tried and true. I'll be waiting to see if the market keeps pulling back or if we see a rebound going into Monday. If we see stability, I'll be picking up a call option while they are on sale. Potential for low risk gains is abundant once we see the market return to normal trajectory.
$SBE - And lastly for now we have Switchback. We saw last week SBE hit the support and start rebounding up, on Tuesday. With the entire marketing pulling back toward the end of the week, so did $SBE. Once again we are at the support. I'm anxious to see where we are next week, and possibly buy some more calls.
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 Account-4 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.