Hey folks-
Primary expectation was to see rallies being sold. See below.
This was a good call as we saw the market sell down into my levels before wrapping up the session close to 4565.
Some other recent good calls were in Gold, COIN, MARA.
I had shared some long dated calls in Gold and MARA respectively near 70-90 cents area.
Both of these calls today crossed above 2 and 3 dollars respectively.
My COIN call was also quite good.
I had been bullish on this around 60 but on Sunday I shared 110 as support and expected 130 to trade. This happened today.
From weekly plan, I expected decent action in Rivian and RIVN 0.00%↑ was up about 4% on the day.
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As far as pricing goes, I am always seeking input from folks to see where to price it. Vote below and let me know what your thoughts are.
On the main index, the market simply refuses to budge.
Cyber security
Cyber sec stocks like PANW which I have been a bull on BTW have been on a fire however one of them CRWD did not like the earnings and dropped today after hours.
This is a high flyer of late but fell out of favor today.
With December MOPEX, I am eyeing the 220 C which is now bid around $5.5.
I think its a little pricey but if it were to drop into $3 area, it may be back in favor.
The stock itself is now near 209 but could see support come in near 190-200.
My key levels for tomorrow:
My key level tomorrow will be 4526-4530.
At time of the post, we last traded 4565.
Scenario 1: Dips into 4530, if any, may be supported for a move back above 4550.
Additional scenarios may be shared based on overnight auction as I look for additional clarity in price action. Stay tuned and turn on notifications.
~ Tic
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