Pre Market NOV 14, 2024

Stocks are slightly greenish here in the Pre Market today
Some are saying that the post election buying frenzy is over
Some are saying it’s just taking a breather
Either way, many stocks seem stuck here

AMZN, it’s our shining star at the moment and yesterday it wasn’t stuck on anything but profits. A reader wrote me last night asking about the AMZN trade we took. They wanted to know if it was always this easy… Don’t I wish…. lol……
Those 210 / 215’s scored a touch down off a punt return
AMZN is above 215 this morning meaning yesterday afternoons info should be used or at least looked at for reference. If you missed it check it out here theoptionscoach.net 
When I out lined the play for AMZN just a couple of days ago I said price was hovering around 209. It was, it was down at 208.80 but I rounded up. By taking the 210’s, before yesterdays 5% move, we were right place right time, and we were rewarded handsomely

Anyone that took the 210 / 220 will be making more today
And for those that went Blind, well even a blind squirrel gets a nut now and then…. 😃 

COST We have one month until it reports earnings here on DEC 12, 2024
I like it here, so much so that I made this 5 year chart with weekly bars

COST is a lesson far more than just chart reading. Though this stock is at $935.00 the Options may seem expensive, but the metrics we use make this incredibly attractive
I’m going long, and for a longer plays. The Blind Calls that I intend to buy are roughly 62.10 at the MID, meaning $6,210.00 per contract, they are for APR of 2025….. I am buying time….. But with not much movement needed an investor can potentially gain that back very quickly. Think of our success with CAT or GEO Options. GEO gave us a 970% return.
COST has the same type of favorable Options metrics as those did

For those that aren’t wanting or able to lay out that much capital Bull Call Spreads are the answer for anyone wanting to be long
To be safe the last play before earnings is for DEC 6, 2024
The 935/ 940’s are as conservative as you can get
The MID is at 2.62 That’s only $262.00 per contract VS the $6,210.00 in addition to the other ones I plan on taking this morning… Those will be for APR of 2025 at the 945…….And again those will be Blind, no downside protection…. Percentages, it all comes back to percentages, not dollar amounts

NVDA is up 1% here, that’s good for tech
HD looking perky too
DIS, congrats to anyone that is long, it blew past earnings and is up over 9%

S+P Support is at 5,950 ( againnnnnn…. )
Time to grind

The Options Coach