Pre Market DEC 10, 2025

Good morning traders, how are you today?
The markets are flat here in the Pre
$DJI ( ▼ 2.54% )  
$SPY ( ▼ 1.08% )  
$QQQ ( ▼ 1.91% )  
$IWM ( ▼ 1.53% )  

Yesterday afternoon I hung out on $ZM ( ▼ 0.8% ) with some other traders, about 6 or 7 of us
We looked at some charts, talked about our stocks, but more importantly the best strategies to trade them

In trading / investing strategy is EVERYTHING

Heck even old “Uncle Warren” has a team of Options traders locked away in the basement of $BRK.B ( ▲ 0.74% )  
I promise you that… Trust me, just trust me, Warren Buffet is not paying what regular stock investors are paying for stocks when his traders can sell cash secured Puts and then get the stock they want at a discount after they’re assigned.. That’s part of his strategy when he buys “Value” so the Puts can get assigned / turned into stock only at a cheaper rate….. But that’s another story for another day

One of the stocks that we looked at yesterday was $OPEN ( ▼ 6.95% )  
Stocks that cheap are not the norm for me, but the Options are right
I’m not sure that this is one I would simply buy as a stock
On the 1 year chart it looks decent’sh
On the 3 year and the 5 year charts it looks like dog s—t
Or as Steve Carrell so eloquently said it in “The Big Short”
“So what your telling me is that this is dog s—t wrapped in cat s—t”

What are we thinking? We’re going Delta Neutral

Here at theoptionscoach.net
We don’t chase stocks
We don’t go long if a stock is red
We buy at the MID price or better
We set STOPS and HONOR them

OPEN Strangles for JAN 16, 2025
Buy the 7 Put
Buy the 8 Call
The MID is 1.48
Current price is $7.36

We have a plan / strategy here
This thing isn’t pretty, but it’s winding up
If it goes north we could drop the short strike and ride the long
If it goes south we could drop the long strike and ride the short
If it goes either direction and we want continued protection we play it as is
If it stays flat we will exit and not allow Theta to catch us

Yesterday our good friend $JPM ( ▲ 0.36% ) took a hit on news that it would be spending more next year than previously expected. Right now it’s bouncing back
We’re taking a small starter / try and catch the bounce play here
And it’s going to be conservative
JPM Bull Call Spreads for JAN 16, 2026
Buy the 300 Call
Sell the 305 Call
The MID is 2.30
Current price is $301.75

$GOOG ( ▼ 1.01% ) and $META ( ▼ 1.3% ) are both down this morning
$AMZN ( ▼ 1.78% ) and $TSLA ( ▲ 2.7% ) are both up
We talked about all of them on Sunday night

Don’t forget today is “FED DAY” J-Pow is speaking later this afternoon

Its time to grind
The Options Coach