Pre Market OCT 24, 2024

Pre Market

October 24, 2024

Stocks are rising here in the Pre Market today

TSLA smashed earnings and is now up over 14%. Elon stated that they would be selling more cars. Maybe, but I’m forgoing the cyber truck and keeping my beloved Ford F150.

GE is up but flattish here, it had a pretty big day yesterday. We will be looking for adds today to the NOV 15, 2024s… The play is with the 180 / 185’s… Current price is 2.52 at the MID… Should GE shoot north like it did yesterday and go straight back to the 185 area then the 185 / 190’s would come into play next. The MID for those is 1.73

NVDA is back in action up above $141.00 this morning.. The market likes TSLA’s beat and one of NVDA’s main suppliers from S. Korea beat AH yesterday too
Should this 1.40% Pre Market gain hold we could look at the 140 / 145’s which are 2.25 at the MID… That one also is for NOV 15, 2024, remember that NVDA reports on NOV 19, 2024…
More conservative investors could consider the 140 /143 or even the 142’s… The prices then go to 1.50 on the 143s and 1.00 on the 142’s
We are looking to get active with them today should this bounce hold

S+P 500 Support is at 5,790… Leaving it there for now
Time to grind

The Options Coach

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