Pre Market OCT 31, 2024

Stocks are red here in the Pre Market today
Big Techs hit yesterday did not help
SMCI’s auditors pretty much came straight out and said not to believe a single thing that SMCI management says, and that they were terminating their collaboration with them. SMCI sank by over 34% and is dropping more today
That with META missing markets are spooked ( esp big tech )
One should not be surprised if Defensive names come back into play, even if it’s short lived

SN which is about to be removed from our Model Portfolio is sinking after reporting this morning. Though it was in the M.P. we did not have any current Options play on it

We here at theoptionscoach.net however are riding high this morning
Yesterday we had an all time first
This is not a stat but a fresh fun fact 😁 

Yesterday before the bell GRMN smashed earnings by 24%
Then yesterday after the bell SFM smashed earnings by 12%
We are currently still in both of those with multiple Options positions
Just the cool fact that the one in the morning was twice that of the one in the afternoon has me all kind of smiling silly over here. lol….
Yesterday was hands down my personal best investing day of 2024
It will take a lot to top it

For anyone that is new here, thank you for joining us. We first entered SFM back at the start of MAY 2024, from then till now it gave us 5 strong entry points. This could very well be #6

Today after the market settles I plan to do a deep dive into possible Options plays on both of those names. Right now with this mornings volatility we will hold off. If anything changes I will send a notice out Mid Day
The good thing is both just right now reported, both are longer term plays

S+P Support is at 5,750
Time to grind

Ohhhhhhh and Happy Happy Happy Happy Halloween to everyone!!!!!!!!!! 👻 

The Options Coach