Pre Market FEB 24, 2025

Stocks look to be rising here in the Pre Market today
That is typical after both OPEX ( which was on Friday ) and having a big selloff like we had on Friday also
The question now becomes, is this simply a “Relief Rally” or a “Dead Cat Bounce,” or a true pivot and we turn north? Either way using Straddles like I highlighted yesterday work, long or short, whether the stock goes up or down, all we want is movement, and a lot of it, like the markets are suggesting here

Digress::
From the files of “Coach has some weird dreams” last night I had a good one. I dreamt that there was some new, weird thing with NFL Fans waiting until after Week #8 to announce which team they were supporting… That is a no no no no no nooooooooo, we all should love and support the K.C. Chiefs from Alpha to Omega
And that is the word of “The Options Coach” 😁 
With stocks we are a complete 180 reversal of that, we don’t have loyalty to any stock
With Options we can navigate, work around, even turn lemons into lemonade with a entire boatload of different strategies and their management
But if a position is losing we cut losses quickly
Setting stops, setting profit levels, then honoring them either way, can save investors from sleepless nights

We don’t know yet if we are are on the “come back” it may look that way at the moment, but it’s a hour until the markets open and looks can be deceiving

S+P 500 Support is at 6,010
Time to grind

The Options Coach