Monday Pre-Market is looking very good. Tech sector seems to be roaring, a lot of action in the EV Market with California announcing a ban on gas vehicles by 2035. But on this channel we are looking for Options trades to make us quick gains. Friday we left off with a Chart of EHTH, rarely will I ever advise or suggest opening an Options position on a Friday, but with nice profit over the past few days I did purchase the monthly 10/16 Call option for 2.80 (4 in total). This is a riskier play and am trying to suggest charts where I see the most gains with less risk to downside. Here with Shopify we have been trading with a channel for some time now. And I do see a break-out coming with this mornings Pre-Market actions. With prices rising above the 200-Day Moving average. We will take a closer look at what we are going to play today. But right now I'm looking at SHOP, FB, GOOGL, AMZN and PYPL. Some we have already played, but if you find a pattern in a winner it can be very profitable. I will put out another chart closer to market open and what Day 4's play will be.
Comment:
Ok So the market is pulling back on Monday's especially with lately's volatility I like to wait atleast 30 minutes before I buy. You can have an amazing pre-market, start green, but can just as quickly turn in to a down day. In fact if this is the case there's no better time to make an options play then to buy your position with the stick moving in the opposite direction...Buying Puts when stock in Green, Buying Calls when stock is Red. But now we re-examine today's like and make some plays....