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China Coronavirus numbers are likely false, but the market does not seem to care. The markets are fueled, right now, by Fed money and until April comes it is likely to trade higher.
The environment right now is great for options because of the large price moves. Many stocks are parabolic as are the futures markets. This means if you missed the long side the short side is going to be just as good.
Current holdings:
China Coronavirus numbers are likely false, but the market does not seem to care. The markets are fueled, right now, by Fed money and until April comes it is likely to trade higher.
The environment right now is great for options because of the large price moves. Many stocks are parabolic as are the futures markets. This means if you missed the long side the short side is going to be just as good.
Current holdings:
- CMG (Long options, various expirations, and strikes)
- NFLX (Long calls, various expirations, and strikes)
- QQQ (long puts, dated 5 + months out)
NFLX:
This stock has the potential to trade $390's fairly quick. The call side action today was constant throughout the day. This is prone to gap ups and downs, so if we gap up then look for continuation.
This stock has the potential to trade $390's fairly quick. The call side action today was constant throughout the day. This is prone to gap ups and downs, so if we gap up then look for continuation.
CMG:
Position initiated today. Ackman is still in this name heavy. Earnings let it trade $905 in after-hours. $900 is the level to see where, buyers/sellers meet. $920 is ideally the longer swing target.
Position initiated today. Ackman is still in this name heavy. Earnings let it trade $905 in after-hours. $900 is the level to see where, buyers/sellers meet. $920 is ideally the longer swing target.
XOM:
Oil is in the shitter. This creates long term opportunities. Above $62 on XOM I am adding leaps into this name among a few others for the IRA.
Earnings this week:
Nothing that I have been interested in before. But here is what is on the docket.
Nothing that I have been interested in before. But here is what is on the docket.
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