LEVI Levi Strauss & Co Options Ahead of EarningsIf you haven`t bought the dip on LEVI:
Now analyzing the options chain and the chart patterns of LEVI Levi Strauss & Co prior to the earnings report this week,
I would consider purchasing the 21usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.67.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE before the previous earnings:
Now analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 93usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BB BlackBerry Limited Options Ahead of EarningsIf you haven`t bought BB before the previous earnings:
Now analyzing the options chain and the chart patterns of BB BlackBerry Limited prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2025-3-21,
for a premium of approximately $0.31.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
COST Costco Wholesale Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 907.5usd strike price Calls with
an expiration date of 2024-9-27,
for a premium of approximately $20.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
QQQ Short-Term Selloff After the Fed's Rate Cut DecisionIf you haven`t bought the recent dip in QQQ:
Then you need to know that as we approach the Federal Reserve's rate cut decision this week, there is growing speculation that the central bank may implement a larger-than-expected 50 basis point cut, instead of the anticipated 25. While rate cuts are typically viewed as bullish for markets, this unexpected move could trigger a short-term selloff, particularly in tech-heavy indices like the QQQ.
Why? The market tends to operate on a "buy the rumor, sell the news" mentality. Investors have already priced in expectations of a modest 25 bps cut, so if the Fed delivers a more aggressive 50 bps cut, it may signal heightened concern over economic conditions, causing traders to pull back. Such a scenario could spook the market, leading to a temporary selloff in major indices like the Nasdaq 100 (QQQ).
In light of this, it may be worth considering a bearish strategy for the short term. Specifically, the $475 strike price puts expiring on September 20 could be a prudent option, as they stand to gain value in the event of a selloff following the Fed decision. The short-term market reaction could make these puts a strategic play for traders anticipating a dip.
While the reaction to the Fed decision could be sharp in the short term, it’s unlikely to be long-lasting. Market participants will soon digest the news, and I expect a recovery by the end of the month. In fact, by November 5th—U.S. election day—we could see new all-time highs in both the S&P 500 (SPX) and the Nasdaq 100 (NDX).
Fed Chair Jerome Powell has been keen on maintaining market stability, which could give the Democrats a slight edge in the upcoming elections. After all, former President Donald Trump has stated he wouldn’t reappoint Powell if re-elected, possibly adding a political dimension to the Fed’s moves.
In conclusion, while the QQQ might face near-term turbulence due to the Fed’s potentially larger-than-expected rate cut, the broader market is likely to recover soon, with tech stocks regaining their upward momentum as the election approaches. The $475 strike price puts expiring on September 20 could serve as a timely hedge during this brief period of volatility.
CBRL Cracker Barrel Old Country Store Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CBRL Cracker Barrel Old Country Store prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.53.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GIS General Mills Options Ahead of EarningsIf you didn’t short GIS before the selloff:
Now analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week,
I would consider purchasing the 72.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $0.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TRX Tron Elliott Wave RetracementsIf you haven`t sold TRX before the previous retracement:
Now according to the widely-followed Elliott Wave theory, the potential retracement targets for Tron are $0.14, $0.13, and $0.115.
I anticipate Tron will reach $0.115, driven by the legal issues surrounding its founder, Justin Sun, which are expected to escalate this year.
MRVL Marvell Technology Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HPE Hewlett Packard Enterprise Company Options Ahead of EarningsIf you haven`t sold HPE before the previous earnings:
Now analyzing the options chain and the chart patterns of HPE Hewlett Packard Enterprise Company prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-9-6,
for a premium of approximately $1.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
IOT Samsara Options Ahead of EarningsIf you haven`t bought IOT before the previous earnings:
Now analyzing the options chain and the chart patterns of IOT Samsara prior to the earnings report this week,
I would consider purchasing the 38usd strike price Puts with
an expiration date of 2024-9-6,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CAVA Group Options Ahead of EarningsIf you haven`t sold CAVA before this important retracement:
Now analyzing the options chain and the chart patterns of CAVA Group prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-8-23,
for a premium of approximately $5.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CSIQ Canadian Solar Options Ahead of EarningsIf you haven`t sold CSIQ before the previous earnings:
Now analyzing the options chain and the chart patterns of CSIQ Canadian Solar prior to the earnings report this week,
I would consider purchasing the 13usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $0.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZM Zoom Video Communications Options Ahead of EarningsIf you haven`t sold ZM before the correction:
Now analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $5.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NVDA NVIDIA Corporation Options Ahead of EarningsIf you haven`t bought the the recent dip on NVDA:
nor before the big rally:
Now analyzing the options chain and the chart patterns of NVDA NVIDIA Corporation prior to the earnings report this week,
I would consider purchasing the 138usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $15.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FL Foot Locker Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FL Foot Locker prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2024-8-30,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DELL Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DELL Technologies prior to the earnings report this week,
I would consider purchasing the 145usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $5.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
S SentinelOne Options Ahead of EarningsIf you haven`t bought S before the previous earnings:
Now analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week,
I would consider purchasing the 27usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.07.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Sleeping Giant Awakes: Gold's Path to $2,800If you haven`t bought Gold before the previous breakout:
Now I am optimistic that GOLD is on the cusp of reaching a new all-time high, with a target of $2,800 by year's end, driven by a significant breakout.
The bullish sentiment is clearly reflected in the options chain for major gold miners!
Provided that gold maintains its position above the crucial support level of $2,428, the bullish trajectory remains intact. We foresee gold not only surpassing its historical high of $2,483 in the near future but also advancing to $2,800.
After lying dormant for many years, this sleeping giant appears ready to awaken and exhibit remarkable growth.
TTWO Take-Two Interactive Software Take-Two Interactive SoftwareAnalyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $6.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
QQQ Nasdaq 100 ETF PredictionIf you haven`t bought the last dip on QQQ:
Historically, the QQQ Nasdaq 100 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.
I expect the recovery to be V-shaped or W-shaped, ending the year higher.
SPY S&P500 ETF W-Shaped RecoveryIf you haven`t bought the previous correction:
Now historically, the SPY S&P500 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.
I expect the recovery to be V-shaped or W-shaped, ending the year higher.
SNOW Snowflake Options Ahead of EarningsIf you haven`t sold SNOW before the previous earnings:
Now analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.