Pre Market JAN 31, 2025

Stocks are green in the Pre Market today

AAPL is helping lead the charge after beating earnings yesterday it’s up over 4.3% this morning. We will have to wait until after the markets open to see the new Options after they are reset with the decrease in I.V.

META is up 1%, we look for it to try and reclaim the 702 area that showed strength after the bell Wednesday when it reported earnings. Its AH high that day was 714

IBM, beat earnings in “Beast Mode” on Wednesday, we are watching for any profit taking here. The most interesting fact to us right now is that big blue volume bar yesterday.. It is huge. That kind of volume typically brings more buyers
Should it continue to advance here is what we are looking at:

MAR 21, 2025
Bull Call Spreads
260 / 265 are 1.90 at the MID
260 / 270 are 3.58 at the MID

Blind Calls
270’s are 4.95 at the MID

GE
It’s still in play, should it revert we have defined Support at the top of its last box

I’ve been saying it, said it again last night, going to say it again this morning
This is a stock pickers market
For the “Wait, watch and see crowd” that’s cool

As they “Wait”
They can “Watch”
Those of us that are adaptable and “See” our profits continue to rise

If we only have stocks that are stuck inside consolidation ranges we won’t make money
When stocks move, we need to be ready to move with them
Right now lots of stocks have been moving, so have we

S+P 500 Support is 6,050
Time to grind

The Options Coach