How to BRR 101

31 thg 1

Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s).

Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least).

Path to targets is the solid black line. Bullish channel its respecting is the dashed blue channel, every time it dips outside of that it gets bought up fast:

- Initial target = 187.50 by 2/9/2024
- After that hits it will pullback to around 176
- If 176 can hold as support it will make one final run to 192-199 by early March 2024

Trailing Stop loss is 2 consecutive closes below the dotted red line.

Entered Feb 16 175 calls for 3.50 on 1/31/2024 (underlying 167.67)

31 thg 1

Ghi chú

Already in Mar 1 182.50 calls for 3.30 (underlying 166.24)

31 thg 1

Ghi chú

Catalyst for this to bounce fast is FOMC today. Recommendation is buy before 2:30 pm 1/31

31 thg 1

Ghi chú

Need to close above 169.66 to get back into the bullish channel and then we're off to the races. brrrrr

1 thg 2

Ghi chú

lift off.

2 thg 2

Ghi chú

Levels we need to clear on the way to target:

172.39 (done. will open above 2/2)
174.81
178.88

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Near-term target is 187.5, but it can extend higher. Mid-term target range is 195-228. I'll do another analysis once 187 target is hit to determine timeframe it will take to reach 195+.

~Sometimes stonks only go up

2 thg 2

Ghi chú

check your hands.

2 thg 2

Ghi chú

These Feb 16 175 calls currently at 6.73 (up 93%). Not selling until this gets into the 180s.

5 thg 2

Ghi chú

Still on track to hit initial target of 187.50 by 2/9 (earliest) - could take until 2/14

6 thg 2

Ghi chú

Buy the dip.

9 thg 2

Ghi chú

Last chance to add calls for a discount.