Pre Market JAN 13, 2025

Stocks are red here in the Pre Market today

NVDA is leading the way down by over 3% now with moderate to heavy trading for a hour until the opening bell

COST is flat but on the green side
WMT flat but to the red side side
Both are wavering back and forth slightly

SN is our only green position here, as mentioned in last nights edition of theoptionscoach.net a continuation would not be unfathomable
So far it’s holding green at 1%… Volume however is light

Speaking of last nights edition some how, some way and shame on me, our newest add that is CRS, didn’t get mentioned
The Blind Calls that we own on it are up
38% for the 175’s MAR 21, 2025
26.5% for the 180’s FEB 21, 2025
The stock is retreating this morning by 2% on extremely light volume
That is not of concern for us

We still like CRS for add ons
It joins COST and WMT in that category
We are looking for adds to all 3

Though it’s not one of ours, one time “Market Darling” and IBD ( as well as others ) “Must Have” MRNA is getting smackeddd downnn here in the Pre by over 19%
I share this as a cautionary tale to all that nothing lasts forever, not in “Stock Land” at least

Courtesy Reminder:
We do not buy when a stock is red or on down days
Earnings Season starts this week with Banks

S+P 500 Support is at 5,750
Breaks below that in this range should not be discarded
Last night I did a “Deep Dive” and noticed that the Shorts had piled in heavier for this week closing on JAN 17, 2025
Time to grind

The Options Coach