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Friday, July 18th

“There’s a terror 

in knowing 

what the world 

is about.”

– David Bowie

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Markets Today

🌏 Asia-Pacific: Up

🇪🇺 Europe: Mixed

🇺🇸 United States: Up

🛢️ Oil: Up

⚡Crypto: Up

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🚀 Live @ 2pm Eastern: Free Ticker from My 87% Accuracy Signal!

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Major Market Events 

• Trump’s GENIUS Act Passes — First major national crypto legislation
• Chevron closes $53B Hess deal — Arbitration panel rejects Exxon’s bid-blocking claim
• Netflix Beats but Slips — stock falls even after posting stronger-than-expected earnings and raising guidance

🤔 My Thoughts

This Toast Looks Undercooked — But I’m Watching Closely

One of the tickers that hit my premium scanner this week was Toast (TOST).

Yeah, the point-of-sale company you’ve probably seen at a coffee shop or two.

But forget the lattes — I’m looking at this thing for one reason: premium.

Let me show you the setup…

We had a nice rally, followed by a tight consolidation band, with descending volume — exactly what I like to see before a breakout. Then it punched above resistance and opened with a gap up.

Now, I didn’t take the trade that day. Why? Because I don’t like buying breakouts on gap-up days — too much risk of reversal.

And sure enough… Toast pulled back after the open.

But here’s the important thing: it didn’t break support.

If we see price retrace back to that prior resistance level and hold — that becomes a bounce spot. Support and confirmation.

And the premiums? Still juicy.

Even a month out, you could collect ~$200 at the $43 strike. For a $40-something stock, that’s solid.

So I’m not in this one yet… but I’m watching. This could be a clean trend continuation play — or a fakeout. Either way, it’s a perfect example of how I think through my scanner’s picks in real time. (if you missed out on my scanner settings yesterday, get them here)

If you’re trading premium, watch how this one behaves around the $43 level. It might still cook up something solid.

Register your spot here to join us next time we go live!

To Better Trading,

Alex Reid

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