Breaking it down as simple as possible. Forget all the news, FUD, and predictions. The rectangle square on the chart is where we're going to find out who WINS this battle. Its on a razors edge. -Holding spot from December 2020. -I also have an irrespirable amount of BITO March calls open... “Once more unto the breach, dear friends, once more”
AAPL is undeniably bullish. The labor day sell off might provide an opportunity to get in. The green marks my entry point, though I might lean in if it doesn't fully reach. 9/18 125 Calls
LHX has a nice set up, ready for a swing upward. The Bollinger band is the tightest it's been for months, and other companies in this industry have been rallying nicely. I'm considering a straddle, but I honestly think LHX will be majority upside move. Target price is $200 9/18 185 Calls 10/16 190 Calls
$INTC took a big dip and is definitely on a support. Big news released 9/02. Release of the generation 11 chips, renewed logo, and partnership awards. My Plays: 9/11 53 Calls 10/02 51 Calls
Today we had a explosive move upward. FAANG blasted off. I'm banking on QQQ having a slight pull back to $285 going into Thursday - Friday, then resuming upward next week.
Bought 9/11 415 Calls for cheap.
We should see a pull back Thursday-Friday. Too much uncertainty in the economy to logically justify current market levels. I'm looking for a panic sell off like the one we saw Thursday. After a significant pull back, I'll feel comfortable loading up on SPY calls. Current positions: $283 Puts 5/29 VXX 32.5 Calls 5/29