This ticker could explode now that Trump is in office.
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Tuesday, January 21st
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“Accept suffering and achieve atonement through it — that is what you must do.”
– Dostoevsky
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Donald J. Trump is back baby!
He wasted no time getting back to work after the inauguration yesterday, signing something like 100 executive orders.
Markets gapped up to open, but have largely been flat since 9:30.
Check my Telegram for this week’s SPX levels. But I view this week as a week where the markets will try to sort out what DJT 2.0 means.
Let’s look at some ideas:
COST
I like the setup on COST. It’s had a strong confirmation breakout from a triangle.
There is a strike about to start, so this could affect the share price. However, I like the 21 FEB 25 $960 CALL if they can be had below $18.
TEM
Nancy Pelosiu just bought a $100k stake in this medical AI stock. She bought the 16 JAN 26 $50 CALL options.
The stock is up 33% today, so probably not a great time to buy. However, if the price retreats maybe to $45 zone, the month out $50 calls could be good options.
HIMS
HIMS is in an ascending channel.
I would probably wait until tomorrow to see how today plays out. But if the setup is still there, I like the 21 FEB 25 $31 calls for under $2.20
MU
I think we have another week or so of upward push in MU.
I like the 21 FEB 25 $110 MOPEX CALL.
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Testimonial of the day
“I sold at .71, got out at 50% profit”
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To Better Trading,
Alex Reid
