Pre Market 8 OCT, 2024

Once in a blue moon
Once in a every blue moon
Once in a every great blue moon
Once in that blue moon we will see something different, something that we are not used to. Not bad, not good, but just very very very very veryyyyyyy different

That was yesterday.
During the trading day I look at hundreds of stock charts. Not dozens, but hundreds, sometimes even more
Yesterday over, over and over again all I saw was stocks going down, but most of them and I do mean this literally not figuratively, were all down 1.5%
It didn’t matter if it was a $10.00 stock or a $500.00 stock
What that means for us I’m not sure, but here’s what I do know, today here in the Pre Market things are starting to look like “Turnaround Tuesday”

Stocks are getting “Perky “ here
SMCI is already up over 5%
AMZN is recovering from that bogus downgrade it got. Manipulation maybe? hmmmnn..

One that we really like here as Options traders is PAYX
This one is checking all of the boxes today
For Friday OCT 18, 2024 the ATM Calls offer and I.V. of 20.11
Let me say that again Twenty ……POINT»»»»> Eleven
And a Delta of ready???? 0.70
The MID is at 3.40
Like V that we highlighted on Sunday night there are an incredible amount of Options plays to employ here.

We obviously will be waiting on price action after the open today before making a move, but if the stock advances we will be sizing the moment.

S+P 500 Support is now at 5,695
Time to grind

The Options Coach