Pre Market NOV 22, 2024

Stocks are flat to green’sh here in the Pre Market today
That’s to be expected after yesterdays rally, no serious profit taking seen yet but it’s still early

Timing, timing, timing…. Sometimes we get it right, some times we are behind the 8 ball
Yesterday we here at theoptionscoach.net mentioned that we would be taking a closer look at SFM this morning.. Well just last night after hours SFM tried a push up in the $150.00 area from the $146’sh where it is currently
Yesterday we added more Blind Calls
Right now we still like SFM for the intermediate and long term trends both
IFFFF it does try to make a pop north in the next few days it could be very short lived as once it’s up at the $150.00 area it would be at the top of it’s new channel….. It might want to reset before advancing again
For now we like it to the north side, it might be quick to retreat, but it’s building up for that upward movement

For investors wanting to capture a quick movement north the Bull Call Spreads at 145 / 150 are going for 2.35 at the MID
For those seeking longer term with the trend the 145 / 155 for JAN 17, 2025 are 4.20 at the MID
The JAN 17, 2025 Blind Calls at the 155 offering ZERO DOWNSIDE PROTECTION are going for 4.00 at the MID

From the “Behind the 8 Ball” side
“Old Timers” say to buy stocks of companies that you like and use
One of my passions is painting, and teaching art / painting classes
Currently I volunteer once a week teaching Art Therapy to people with PTSD
I go to ROSS Stores often for the giant canvasses that I can get much cheaper than the regular outlets
ROST was on my radar for a while as have traded it here and there
Well I took my eye off of the ball ( wasn’t the best looking chart ) and guess what?? It beat earnings last night and is now up over 7% here in the Pre.. Congrats to those Longs…
Though we don’t play “Earnings Lotto’s” we might be looking at it for a new trend to emerge with this reversal

S+P Support holding at 5,920 ( hey were back above 5,800, that is good )
Time to grind

The Options Coach