That fat finger....

Did you feel it in the stock investing air today? The entire stock investing world did. Just as I mentioned this morning NVDA earnings are over, today the markets got back to “Muy Empresarial” as my Colombian friends say, or “Very Business”

We here at theoptionscoach.net got “Very Business” today, and we were rewarded for our efforts. New trades were placed, so lets get to it

AMZN is out. Plain, plumb and simple, unless you were already in and are green there are not any new trades for it at the moment. It did try to recover the losses it took but failed to recapture the $200.00. One thing is that it’s finding new support from resistance at its last box

GOOG though currently not one of ours got smacked down today on news that the DOJ wants to bust them up partly. One has to wonder how much worse it could of been if the rest of the market wasn’t so strong

CAT is back!!! 😁 

Today we entered CAT with as follows:
JAN 17, 2025 Bull Call Spreads for the 400 / 410
JAN 17, 2025 Blind Calls at the 410
FEB 21, 2025 Blind Calls at the 400
For those that are Options savvy you might be asking yourself right now why those last 2 weren’t reversed. The Pricing. It was 100% the Pricing. I am wanting to start building a longer term position in CAT and going out with further dates like FEB 21 2025 is the start

Tomorrow we will be looking at possibly entering:
DEC 20, 2025 390 / 395 Bull Call Spreads for 2.23 at the MID
DEC 20 2025 390 / 400 Bull Call Spreads for 4.70 at the MID
And for aggressive trades that offer ZERO DOWNSIDE PROTECTION going in with Blind Calls for 11.40 at the MID for JAN 17, 2025

Anytime you buy Blind Calls you are taking on greater risk
Your only downside protection is you exiting if it goes against you

COST Today we got our signal!!! Haaaaaaaaaaaa to Mr Market Maker Man!!!!!! 😂 
I had the DEC 20, 2024 935 / 945’s
When it breached the Short strike I sold off the 945’s and kept the 935’s
Currently those are now up 36% today, or $1,167.00 each
The new Verts are for DEC 6, 2024 at the 970 / 1,000
That was a “Fat Finger” today on those as they were supposed to be for DEC 20.
By shortening the time period yes I can potentially make more money with any price advance, but could also stand to lose it too if it doesn’t go our way, especially since the spread is so wide. This trade cost less also because it was shorter time frame, overall it stands to make more than what it could lose so we are riding it

Tomorrow we’re going to look at the DEC 20, 2024 955 / 970 for 7.20 at the MID
Those are a drastic change to the moneyness VS what we already have with the 970 / 1,000 but we like them here for a short term continuation
It gets “challenging” from here
There aren’t Options for COST for the month of FEB
And pricing gets spread out further for the ones in MAR
If we are correct in our thesis on COST we will be taking on some additional risk with Blind Calls for MAR 21, 2025 with the 960’s going for 29.50 at the MID

These are all with the pretense that COST is just now breaking out and has room to run

META….. Waitttttt for it……. We are fans above $555.00.. That’s not new to anyone here, the buy point is coming

SFM Almost forgot, we added more today. Blind Call at the 150 for DEC 20, 2024.. They went green pretty fast today
We’ll take a look in the morning about any possible additional plays with it
Tomorrow is another day

The Options Coach