Are the Bull trapped?

Today ended better than it started, that is for sure
While the DOW did close down slightly, the SPY didn’t ( up 0.40% ) and the NASDAQ closed up over 1%

Many if not most stocks reversed course and went north today. Banks however didn’t

GEO, wow what a day, it closed up over 8.3%
We’ve talked about that one a lot lately here at theoptionscoach.net 

AMZN closed up 1.3%
COST 1.4%
Technically speaking we like COST better out of the 2, and we added to it today
Hovering here in the 930 range we like it back up to 950
The JAN 17, 2025 Call Options are active at the 945 but carrying the most weight all the way up at the 1,000
Those are hard to dismiss as just cheap OTM Calls since they are going for 14.15 at the MID… The buying on them picked up noticeably today…. Ever been fishing? “You need bigger bait to catch the bigger fish” ……Or that’s what my grandpa told me at least

For investors wanting to reduce cost as well as risk the 935 / 945 Bull Call Spreads are going for 4.53 for DEC 20, 2024

There’s no denying that the long term trend is still up. The short term and intermediate however had a great day today, but are they going to hold here?
IFFFFFFFF< and I am not suggesting that it is, but if this is a Bull Trap there are ways to not get stuck. First off don’t buy unless you get confirmation, or your “signal” and any new trades enter with less capital meaning smaller positions. Once you have conviction that the trend and or trade is in tact you can always add more

That is a bit of a conundrum as many, many stocks picked up in Volume today. Many gained in the way of Options buying, and many seem to have moved off of their recognized Moving Averages. To many “many’s”??? Time will tell… Tomorrow is another day

The Options Coach