Wednesday Special...... Pre Market FEB 19, 2025

Stocks are flat’sh in the Pre Market today

Yesterday was something we don’t see often. The S+P made a new ATH, yet many stocks, ( or the ones we like at least ) finished red… Esp META

Yes, SMCI performed like a champ and traders got a serious payday yesterday but I’m sorry, I’m left shaking my head asking new ATH for the indexes????

AAPL
AMZN
AVGO
COST
GOOG
HD
JNJ
META
MSFT
NFLX
NVDA
UNH
TSLA
WMT
Allllllllllllllllll closed red yesterday……………
That was then, this is now………….
And after going back and reviewing the charts last night that was 100% profit taking from the Algo’s yesterday

There is a pattern in Technical Analyses called the “J-Hook”
It’s not perfect, or a guarantee, nothing in the stock market is
But when it works, and it will need Volume to work, it works and it works well

If you removed the 3 names from these charts and went:::
 SOLELY BY PRICE ACTION ONLY AND NOHTING ELSE ,LIKE I DO SO MANY TIMES EVERY DAY….
Do they not look similar??? Do you think that’s by accident???

J-Hook patterns are made for the Fast and the Furious, The Quick and the Dead, they are here today gone 15 minutes later….
These are made to be capitalized off of in the immediate future
Again Volume is crucial

We do not buy when a stock is red or on down days
Set STOPS and HONOR THEM
We always buy the MID price and do not chase

AMZN
FEB 28, 2025
Blind Calls
230’s are 2.57 at the MID
235’s are 3.75 at the MID
MAR 21, 2025
235’s are 3.75 at the MID

COST
FEB 21, 2025 ( That is this Friday, buyer beware )
Blind Calls
1070 are 4.05 at the MID
MAR 21, 2025
1080 are 22.05 at the MID

META
FEB 28, 2025
Blind Calls
730’s are 8.15 at the MID
MAR 21, 2025
720’s are 23.15 at the MID
730’s are 18.55 at the MID

SMCI is up over 6% here in the Pre
It did break north of $60.00 this morning
One of our key metrics that we use when gauging a stocks potential is very elevated here
What that means is whether it popped or dropped it would happen very fast
We need to remain mindful of that

MAR 21, 2025
Blind Calls
60’s are 6.45 at the MID
65’s are 4.95 at the MID

One thing that makes me smile ear to ear, so bigggggggggggggggggg, is when I hear traders talk about that I taught them how to use MID prices»>
The MID prices listed here are always the current MID
After the market opens, as a stocks price changes, the MID price will change also, not can, but will
We always buy at the MID, or we don’t buy at all

S+P 500 Support is at 6,100 How about that!!! 😄 
Time to grind

The Options Coach