Pre Market SEP 25, 2024

We have some action to get to today. Yesterday here at theoptionscoach.net we wrote about the new investment we placed on CAT. We are playing it with Bull Call Spreads by buying the 385 and selling the 390. We also took a more aggressive play in the way of Blind Calls by buying the 390 strike. Both of those plays are for OCT 18, 2024. We will be looking to add more to CAT today. One possible play could be a 390 / 400 Bull Call Spread. We need to wait until after the open to see the price action.
Trader Tip..
We never buy at the Bid, we always take the MID price or as close to it as we can get. Buying outside of the MID can decrease potential profits dramatically. It can even turn a winning trade into a loser simply because of the cost. Even when our stock price moves in our favor the Options can go against us if we pay too much.
 In Options pricing means everything……

HLT.. We’re looking at it here, but there’s a catch, a big one. 
This trade is for more advanced Options investors only and could require additional trade management
We are limited here in our options on our Options
What we are looking at this morning is buying the 230 Calls and selling the 240’s
This Bull Call Spread is for OCT 18, 2024
The MID on it is $3.23 Paying any more than that could result in a loss
It reports earnings on OCT 22, 2024 and we WOULD NOT BUY the NOV’s, they are weak, very weak
There aren’t any Options on it for DEC ( remember Sunday nights writing about the rules????)
On our risk factor scale of 1-5 this is a 3, maybe even a 4, yeah I’d say a 4 because it is so limited.
Again, this trade is for more advanced Options investors only and could require additional trade management

NVDA we are looking at lots of different Options plays on it here. The 121 /125’s aren’t a bad place to start for OCT. for more experienced investors.
For more conservative and newer investors the 121 / 123’s is what I would be looking at.

One thing you need to remember is this is still in the Pre Market, things can always change at the bell

S+P Support is steady at 5,690
Time to grind

The Options Coach