How do you spell "29%?"

Traders, I’m not even going to ask, I already know everyone is well today 😀 
If you’re new here welcome
The markets today
$DJI ( ▲ 2.85% )  
$SPY ( ▲ 2.55% )  
$QQQ ( ▲ 2.97% )  
$IWM ( ▲ 2.99% )  

I saw this fishing show recently, they were over in Africa and after big barracudas
They had a barracuda on the line, then the line got super heavy and was fighting
Then the fighting stopped, the weight decreased tremendously, and the guy reeled it in
No barracuda, only the barracudas head! A bull shark had eaten it while he was reeling it

Today in the way of stocks we caught barracudas. Big ones with the moves the market had
What we do not want is a bigger bull shark ( bear ) to come snag our catch!

The level of volatility in the world right now is pretty high
Last night I told you guys that Futures were “moon shotting” / and they did
The challenge for traders today was that after stocks Gapped up many kind of stayed there for the rest of the day. Some sea sawing back and forth here and there
But most didn’t offer good entry points for fresh plays

Want to guess which friend of ours didn’t pop at the open but did rise towards the close?
$CASY ( ▲ 2.23% ) The stock alone is now up 29% from our entry point
Today it created a fresh ATH at over $761.00 but didn’t close there
Monday night AH’s CASY hit up over $776.00
I’m going to share a “trade secret”
When it hit $740.00 I thought “this is it, watch for the reversal”
Then again at $750.00
$760.00 I could be wrong, but I’m not as convinced that $770.00 isn’t in the cards first
If it does reverse here consider taking in profits, at least ½ in case it tests Support

$GE ( ▲ 6.74% ) The other day I shared the new entries with a chart
Today those fresh trades / especially the 310’s / served us well, very very well
We were right place / right time with those

I’m sharing a screen shot of the $350.00’s to illustrate a point

Do you see how they are up over 127% since Mondays purchase?
They still have 37 days to go until the expire… That matters here

1st: Recap / I bought the 310s / the 330’s / and the 350’s
2nd: I made far more on the 310’s than this, the 350’s are the lowest so we are going with it
3rd: Time matters with Options
If you bought XYZ at $100.00 for this Friday
Then bought XYZ at $100.00 for 6 months from now they will move differently
4th: The shorter the time until EXP the cheaper the Option will cost
Iffff you get a big move your percentage gain ( or loss ) will be greater with the shorter term Option
Bad side:::: You also have less time to recover if the move goes against you
Cheap Options offer cheap returns / yes high percentage points ( bragging rights ) / but you need to buy a lot of them to make any money on them

That 127% gain on GE here is wayyyyy down from the 183% it was at on the days high
And pails in comparison to our 310’s that gave us over a 300% gain today
Yeah 300% gain on a monthly contract, not a daily
Cost / what we pay / that matters also… A lot….
That’s why in our rules we say “Buy at the MID price or better”
We’ll cover how to calculate the “Fair Value” of Options sometime

Right now it’s hard to say where the market will go
There was all kinds of deals broken today and missiles sent off
$GOOG ( ▲ 3.56% )  
$NVDA ( ▲ 2.24% )  
And all of tech performed incredibly as mentioned last night
Where do we go from here? Lets wait for a clearer view before we decide

The Options Coach



https://youtube.com/shorts/atjpVYzqIxI?si=WIzqHUah7M0wdLCd