That’s right Jeff……

Well we asked and Mr Bezos delivered.. Today AMZN officially went north of $200.00 and appears to be staying there. It happened at 1:25pm EST today, I know because I was watching it. I’ve been talking about those JUL 19, 2024 Calls for about a week now. Since the breakout many options traders are up well over 300%. ( not bad for only a weeks worth of work ) The great thing here is that it is a win win win win win for everyone. This is one of those times where options traders and stock investors are both happy. And like I mentioned yesterday there was no way that yesterdays activity was shorts piling in, they would of had to of been crazy with the layout of the options chain.

Things can change from here, just like SMCI earlier this year and we all know about NVDA, profit taking can and does occur after fresh highs. We have a shortened trading week this week and many traders will be taking the 2nd half of the week off. Options are holding but not much more adding on here today. And as we draw closer to the 19th it would be prudent for call holders to “exercise” those calls and close them out before Theta kicks in. The JUL 19 205’s are sitting with 29,000 contracts and the 210’s have 17,000. Stark difference from the 138,000 contracts at the 200 Strike. As always “Trade management never goes out of style”

TSLA boom shakalakka……….. They delivered more vehicles than the street estimated and investors are being rewarded handsomely. The markets are showing some modest green today. Banks are still in play, I’m seeing some longer term and swing trading set ups happening right now in several established brands. One that I am just now starting new positions in using calendar spreads in for weekly income generation and for long term growth. Those are the kind of set ups we’ll be showing once the investingwithfaith.com website launches.

Invest wisely, live charitably and be well

Brother Bill