This is how...

What do you think about todays price action? Kind of surprised? Or were you bracing for this?

When everything hit the moon yesterday all I could do was stare at the charts and say, ‘Wow, they popped up fast and furious today, but many stocks are here at Resistance”

NVDA, lets start there, did you notice yesterday afternoon I didn’t mention it even though it had a stellar day? That’s because I didn’t see any new plays on it, all from what I just described above. Rotation here?

GEO is one of ours, and it’s our current percentage leader
Today what I’d like to share is this:::
1st: GEO’s percentage gains
2nd: It’s now coming up to Resistance
Our Options are now up over 430% in only 3 weeks
The stock itself is barely up 20%
We own 140 Contracts.
That equates to 14,000 stock shares

We are holding, if the price direction changes we will exit with our profits
There’s an “old skool stock rule” that states if a stock rises 20% in 3 weeks or less it’s a hold, that is GEO right now
Options buyers stepped in today buying more also, that doesn’t hurt our cause

With premiums now elevated it’s doubtful that we will add more unless there is a bounce off of a pullback. We got in at a great time, with phenomenal Options

How did we do it? This is how:::
We find stocks that are in well defined long term bases
Preferably lifting off of Support or breaking out of Resistance with strong Volume
We then dig into the possible Options on those names
We look for strong O.I.
Favorable Deltas
Ranking of the I.V.
GAMMA plays into it
THETA is respected and then utilized throughout any live trades

Have you ever played any sports? Or watch any?
The Coach doesn’t just go out there and say “Oh lets try this”
Their is a strategy in place before the players ever take the field
That’s what we do here at theoptionscoach.net and we do it well

Tomorrow is another day..

The Options Coach