Pre Market NOV 26, 2024

Stocks are on hold here in the Pre Market today
A few are red, some are green, up and down, they cant really make up their minds
The issue of the day today is “Tariffs”

Tariffs on China and Mexico we all saw coming, Canada though? Wasn’t on my radar
It made me think of “Prohibition” which went into law in 1917 and enacted from 1920-1933… Gangsters then had liquor smuggled down in trucks from Canada through New York… 100 years later are we still mad at our northern neighbors for that???? lol…. 😄 

What is being lifted this morning? META… Still a little gun shy on this one as it’s not in a confirmed uptrend but it does look to be stabilizing here and turning north

It’s no secret we here at theoptionscoach.net are fans of entering at turning points, ( and break outs ) but we like confirmation also. With that being said lets keep it very basic and close to home for now. We will be looking at additional plays ( possibly even later today ) if META continues to prove itself

JAN 17, 2024 Bull Call Spread
570 / 575 going for 2.15 at the MID

Again this is simply a starter position. The pricing is like CAT we mentioned yesterday “in between Strikes” so I rounded up… If CAT stays green today we plan on adding to our position…META is now up 0.24% here in the Pre Market

Banks are green again this morning, not by much, but they are green

S+P Support is holding at 5,940
Time to grind