Pre Market APR 21, 2025

Stocks are red in the Pre Market today

How was your long holiday weekend? Did you have fun? I did
It was a great weekend until the drive home yesterday. About 2 -2.5 hours from home I got stuck in the “eye of the storm” out on the highway. Thank gawd I was in my big truck and not a smaller vehicle. The weather people commandeered the radio stations, tornado warnings- sirens everywhere, but there was nothing I could do, no one could, no shelter to be found, simply keep going until the winds died off, the rain slowed down and eventually I could see the sky again….. As I like to say, it was “Legit”

The markets have seen some bad weather lately, and it may not be over…. We are only one tariff or one tweet away from a bigger freefall, and we are one good news pump away from a recovery. Seeing a theme? This market is news driven
There are no trends in this market. Investors waiting on a “trend” right now, and not taking profits when they are there, are finding it incredibly frustrating

We are sticking with our Strangle strategy for now, especially with earnings being here, we only want movement, up or down, either way

Earnings are here now, and like I said last week there are several we want to look at
Right here and now we have GE and GOOG

GE reports tomorrow
Buying here today could be COSTLY and RISKY
The reason is Options I.V. is elevated going into earnings
Ge will need a BIGGGGGG beat or loss, either way for this to work

We don’t chase stocks
We always buy at the MID price or better
We set STOPS and HONOR them

GE
MAY 23, 2025
Buy the 175 Put
Buy the 185 Call
The MID is 14.23

GOOG
Let’s talk
I love this 3 year chart
When I started out this Double Bottom pattern is what I looked for all day
This is a gorgeous one
There’s no way I would buy this as a common stock ahead of earnings, not this one
GOOG has missed earnings a time or two in the past, one should wait until after earnings if they want shares. It reports this Thursday

GOOG
MAY 23, 2025
Buy the 145 Put
Buy the 155 Call
The MID is 11.95

Time to grind
The Options coach