Boom Boom Boom, "The Champ is Here"

We lost a good one this past weekend….
“Big George Foreman”
Though I never met the man, he was always one that I viewed as a “Uncle Figure” and I could tell you countless George Foreman stories… The man was more than a boxing legend, he was a “Man of God”, a hilarious story teller, a true family man, and a triumphant life loving human being…. He named all 5 of his sons George, I then named both my dog and my cat George, I changed the dogs name later 😂 
The first time he won the World Championship he was 25.. He lost it, then won it again at age 45. He then became the worlds oldest owner of “The Title” or “The Champ”
That was in 1994, that same year he came out with the “Lean Green Grilling Machine” which we all know today as the “George Foreman Grill”
From that he made over 200 million dollars after selling it with the rights to his name on it for sales…. That could buy a lot of greasy gut burgers 🙂 🙂 

I could write about Big George for hours and hours, the moral of the story goes like this:
Grew up poor and impoverished
Took on a life of crime as a kid just to get food
Went on to be the best of the best of the best by becoming an Olympian
Won the Olympic Gold Medal for the United States in Mexico City in 1968
World Champion at age 25
Lost it, and every thing that went with it
Found God
Found himself
Became a man of God
Defeated all odds and shut down the nay sayers at 45 and became “The Champ” again
Rebuilt a new life that then enabled him to do what he loved to do
“Big George Foreman” aka “Uncle George”…. Rest In Peace Sir…….

That’s the short version guys, I loved the man…..

Haven’t I always said that the stock market reflects real life?
Ups, downs, drops, pops and flops……

Today we got a pop, and a bigggg pop at that
META
It opened up green so we had to take the new MID
That can happen 5 days a week
If I say we like stock XYZ and it is $100.00
The MID on our Options is $2.50
Then it opens up at $102.79
The new MID is then, say, $2.87
That is normal, MID prices change any time the price changes

Here is how we did with META today
We are now up $435.00 per contract
We bought 10 contracts
So we are up $4,350.00 or 19.77% on META for today
Not bad for one day

Had we of spent $22,350.00 on the stock today
We would only be up less than $250.00 on the day… Oooouuuchhhhhhh……..
That could not leave an investor with the warm and fuzzies…

How do you spell BEAASTTTTTTTTTTTTTT???
It’s our new friend APP
APP closed up over 8% today
Last week it was 7% for the week
Meaning today was obviously the B.O. day on it
Price action is showing in favor of a continuation here

JPM
Did not disappoint closing up over 2.6%
A couple of things to remember here
Our initial entry was last week when we liked the $240.00 Calls
The price of JPM at that time was only $237.00
We got to that party early 😁 😁 😁 
First off remember, its more about the pricing of the Options than it is the price movement of the stock… If the Option isn’t priced right then the stocks price doesn’t matter much to us
Those Calls are now so green we may need to put some sunglasses on just to look at them
We have added since then and do intend to add more

AMZN
We were looking for it to hold above $200.00 and it did

SFM
Back in town……. It’s a go here

Investors the game does not change, there can be good days in down markets, there can even be great days like we had today, but still be in a downward market
Yes today was a serious sigh of relief for investors, and short term traders dreams came true today, today was “Zip code changing money”…… But that doesn’t mean all of the down side is over…. POTUS could announce new tariffs again, part of why stocks took off today was talk of tariff easing, but part of it was also that the Triple Witch was last Friday and w/o going into great detail the numbers were much bigger than normal …. Much much much bigger….

S+P 500 took 5,800 for a minute and closed triumphantly at 5,767 😁 

Tomorrow I’ll back with some fresh plays on our familiar friends
Remember, where ever you are in life, what ever you may be going through, it’s never too late to re-find, rebuild and refine yourself……..

“To be successful in life you must get in the habit of turning negatives into positives”
~~~Big George Foreman~~~

The Options Coach