Pre Market DEC 5, 2024

Stocks are flat as a rock here in the Pre Market today
Bitcoin however broke north of the 100K that the “Bitties” had been after
Will it hold? Time will tell

Speaking or holding and not “hodling” as the Bitties say, we are holding on to COST as mentioned yesterday. This morning it broke north of $996.00
Right now however it’s only up 0.06% at $991.53
Our initial entry was as $870.00, that was less than one month ago
Last night after I wrote being up 25% for the week with our latest Options I thought about it again
COST stock only moved 2% this week to give us this 25% gain with the Options
Think about that…..

Last night was pretty productive around here I got some stuff done
One of the things was a seriously deep dive that produced a new stock for out list

First off you may of heard of the killing of United Health’s CEO Brian Thompson this week

The scan was for finding the box on boxes that we like here at theoptionscoach.net and in no way had any link to the news of that tragic and needless loss of life
Our condolences go out to Mr Thompsons family and friends

UNH
We like it here for a longer term play
Stocks and Options both
UNH reports earnings on JAN 10, 2025
It is at the TOP of the box, if it pullbacks we wait
Here’s our plays
JAN 17, 2025….610 / 620 Bull Call Spread for 5.10 at the MID
Even though this expires after the E.R. investors could close it out before the E.R. date to should they prefer

For those that are risk averse this one has some action going on
These are all Blind Calls with ZERO DOWNSIDE PROTECTION
DEC 20, 2024
610 Strike at 12.30 MID
620 Strike at 6.60 MID
630 Strike at 4.05 MID
All of those have attractive O.I.s as well as our other preferred metrics

Lets hold off on SFM for this morning
S+P Support is 6,075 😃 
Time to grind

The Options Coach