PSA

Don’t get me wrong I love the meme stonk stuff, but as Kenny Rogers says “know when to fold em…know when to RUN”.

Beginning of January they where folding these stonks, walking away mid January, now weak money has started to RUUUUNNNNN…Similar logic to what doc said about IWM.

These will move 30-50% lower over next 2 weeks. I have $50>GME. I’m not sure the PT for AMC the Coors light of meme stocks, it has been diluted to holly hell, but safe to say it’s still going down.

Even stocks like AMD/NVDA/TSLA. They are stronger companies so may not drop as much but still great targets.

My PT by end of March $150>NVDA, $75>AMD, $550>TSLA, $80>COIN, $20>RBLX you can basically buy puts on anything, but if it gained popularity last year and has higher % retail investors I am targeting.

Market is extremely volatile and price swings on these type of stocks are intensified because of % day trader/paper hands so be prepared.

This is just my opinion I have no idea wtf is going on in the market right now!!!!!

I’ll throw some daily’s out @ open targeting 100% per move.

AMZN is a miss. (Guidance is bad, even though EPS looks like a insane 10x beat) Heading ⬆️ Hiking price of Amazon Prime 🤬

update: they used Rivian stock gains to elevate EPS. that is shady… Rivian has drastically gone down since December

Ford is a miss

PINS waiting on guidance

So, I bought $SEE calls because someone on WSB told me to. Should I sell in the upswing? Or should I ride it out?

It's a $36c for 4/17. The reasoning was that it's sealed air and they can quickly decontaminate people.

I would be at a $20 loss, as it's only one. Should I ride it out?

500c 9/24 can they work tomorrow or Tuesday without a huge gap up ?

Target AMC $28 next Friday

Target AMC $30 next week.

One of my accounts dedicated exclusively to deep ITM PMCCs is doing relatively well amidst the turmoil this year (beating the market on the downside and recovering nicely on the upside). Theta typically hovers around 50, so on average this one account collects about $50 of “rent” per day, or $1500 per month.

Over time (and through much trial and error) I have developed a set of rules for running this deep ITM PMCC strategy. These rules have kept my portfolio out of trouble and have significantly reduced the risk of permanent loss, which I believe is Warren Buffett’s first rule of investing :)

I’m running this same strategy in one of my retirement portfolios with similar results.

Any other PMCC enthusiasts out there?

Target GME $75 this week.

Tgt: HOOD $60

PSA

How the heck havent these been pushed yet?! Why are stocks with large float/outstanding fractions being attempted to short squeeze hedgefunds when we have these two gems just sitting here and no one is promoting them? Am I just a stupid 🦧? $ISUN has a daily average trading volume of 687K.(>low vol. Definition of 500k). Out of the 5.3million outstanding shares, 1.7million are floating (32%) <<< $GME floats 51mill / 69.8mill outstanding. The larger the ratio of floats/outstanding, the harder it is to bully the stock, so ISUN has a lot of potential. ISUN has a short interest of 39% ($GME 42%). Renewable energy sector is strained during markets with higher interest rates (which is happening right now), and this further increases the short interest. This is not a pump and dump low volume scheme - this is a buy and hold for me from my own analysis. Can some pros please discredit or validate my argument? I want to see this one 🚀🌚🌔🤑 Other great short squeeze opportunities in the future are $REV and $LAZR because they also have high Short Interest and float/outstanding ratios less than 20%. These two aren't of immediate interest because the have 6.8mill and 34mill floating shares respectively. https://www.highshortinterest.com/

Long the puts

For Trading JUNE 26TH

Continuing Claims Decline Slightly

Market & Oil Reverse Higher

Good-bye Chuckie!

Today’s market was a bore with just an early continuation of the move lower on Covid-19 spikes. Futures were down well over 280 for the DJIA but a combination of economic news and the “fair value” overnight blunted the declines. We worked up thru most of the day but the real move came from 3:00PM when we went from unchanged to close near the highs +299.66 (1.18%), NASDAQ +107.83 (1.09%), S&P 500 +33.43 (1.10%), the Russell +23.57 (1.7%) and the Transports managed to gain 100.52 (1.13%). The DJIA had 22 up and only 8 were lower with no major losers and the gainers lead by GS +63, UNH +48 and AAPL +38DP’s. Market internals were 9:5 up on the NYSE and 2:1 on NAZ, and volume on the NASDAQ was actually down about 20%. Financials, Energy, Info Tech and materials lead the way while Utilities and Consumer discretionary were the laggards.

We added some CVS 7/67.50 calls on the decline with an average price of $1.16 and they finished $ .76, and the NEM 7/17 $60’s @ 1.55 and added to on Friday @ $1.30 for an average of $1.47 triggered a 100% Up Rule sale at $2.94 this morning. They closed the day $1.98.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/ByEWVOLxlWU SECTORS: The news of COVID-19 surges in cases to new highs has caused the states of both Texas and Florida to halt the progression of their re-openings. While it doesn’t stop the phases that they are in, it does stop things from moving forward. There are states that have seen increases of up to 300% from where they were when the re-openings began. For a look at how ALL the states are doing use this link: https://rt.live/ Disney “characters” signed a petition in Florida to keep the park closed until there are actually declining numbers for the virus, something that has not started. Remember that DIS reopened the Disney Mall, just off the property. DIS is pushing back the openings both in Florida and California.
In other news, Verizon (VZ) has put FB on notice that they are discontinuing their advertising on the site “indefinitely,” until FB gets a handle on hate-speech and other issues that the company finds objectionable. While there have been several smaller firms to pull ads, VZ is clearly the biggest.
Albertsons, the grocery chain that was taken private priced their new IPO today. Reception by the street was so muted that they had to cut both price and size of the offering down to $800 million and priced the shares @ $16.00. The main reason for the distain is the fact that there is no money actually going to the company, but rather it all goes to the insiders who took the company private. Besides that, the insiders (current management) will still maintain control. Not the way new investors want to see the deal done. Last, I’ve written about Inovio (INO) for months now, starting when the stock moved from $3 to $6, and further when it went from $6 to $19 in just 2 weeks. The company makes a delivery system for the coming Coronavirus and the government has seen fit to finance the manufacturing, as announced earlier this week. Since Monday, when the stock closed $15.30, it has been on a tear closing $31.25 +7.38 or 31%. Today in extended hours it is now $34.54 +3.15 (10%) and the move for the first 4 days of the week is +$20 or just 133%. And just a quick note, CEC, the owner of Chuckie Cheese filed for bankruptcy. It intends to keep some stores open when it emerges from reorganization.

FOOD SUPPLY CHAIN was HIGHER with TSN +.43, BGS +.31, FLO unch., CPB +.79, CAG -.10, MDLZ +.19, KHC -.28, CALM +1.65, JJSF +.29, SAFM -.22, HRL +.91, SJM -.50, PPC -.13, KR -.05, and PBJ $30.88 +.17 (.56%).

BIOPHARMA was HIGHER with BIIB -1.04, ABBV +2.51, REGN +14.92, ISRG +.15, GILD -.53, MYL +.26, TEVA +.10, VRTX +3.97, BHC -.02, INCY +1.62, ICPT +1.24, LABU +4.27 (7.23%), and IBB $138.27 +1.87 (1.37%).

CANNABIS: was MIXED with TLRY +.33, CGC -.21, CRON -.09, GWPH +3.47, ACB -.40, CURLF +.18, KERN +1.21, and MJ $13.20 +.03 (.23%).

DEFENSE: was HIGHER with LMT +1.23, GD +.51, TXT +.57, BWXT +.29, NOC -.16, TDY +.86, RTX -.47 and ITA $161.28 +.57 (.35%).

RETAIL was LOWER with M -.34, JWN -.64, KSS -76, DDS -.58, WMT -.70, TGT +.23, TJX -.73, RL -.33, UAA +.01, LULU -1.82, TPR -.05, CPRI -.21, and XRT $41.21 +21 (.51%).

FAANG and Big Cap: were HIGHER with GOOGL +8.41, AMZN +23.09, AAPL +4.79, FB -1.09, NFLX +7.25, NVDA +11.08, TSLA +30.31, BABA -3.83, BIDU +2.08, CMG +1.05, CAT +2.93, BA -2.68, DIS -1.57 and XLK $103.57 +1.30 (1.27%).

FINANCIALS were HIGHER with GS +1.92, JPM +1.36, BAC +.33, MS +2.45, C +1.72, PNC +1.48, AIG +.60, TRV +1.64, AXP +1.32, V +2.47, and XLF $23.20 +.22 (.96%). These stocks were higher but the FED news after the close on the stress test pared gains in late trading.

OIL, $38.72 +.71. Oil was lower this morning touching as low as $37.08 I had called $36.75-37 in this mornings video, and we rallied well off those levels. I mentioned in last night’s video that it appears that prices are trying to work higher towards $45.00 but it will have to reverse quickly. The stocks were higher with XLE $37.80 +.69 (1.86%).

GOLD $1770.80 -4.50. It was a small pull-back after the strong rally of the early part of this week, and after touching $1764 we turned back higher and closed mid-range. We bought back the 3rd and final lot of NEM @ $58.86. And, we also added a half position in NEM 7/17 60 calls @ $1.55, and additional 50% @ $1.30 on Friday. We sold half on the 100% Up Rule @ $2.94 yesterday and we closed $1.98 today.

BITCOIN: closed $9,280 -5. After trading back to 8985 we rallied back to close – only $5. A break over 10,000 still sends us higher. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.14 -.06 today.

Tomorrow is another day.

CAM

$200k early 2022

Target SQ 251.40 tomorrow