Weekly Recap MAR 23, 2025

How was your weekend? Did you get outside in nature? I did, and I started welding a new art sculpture, not a bad weekend… Ohhh and from the “Oh yeah?” file, are you familiar with the Sierra Club? ( I’m not a member ) Well a person from there contacted me wanting to use some pictures that I took out on my hikes or “Walkabouts”…. Thinking about it, but I’ve been writing a book that shows all the different trails, parks, and everything else I go out in... When I go to publish my hiking book I plan on using those pix

Keeping things on standby is like having a Watch List for rotating our lagging stocks for better performing ones… It’s time, we need to revisit our W.L. check the fresh scans, and do a “rebalance”
With “Triple Witching” on Friday, oh yeah and OPEX too ( It has to be a OPEX Friday to have a Triple or Quad Witching ) lots of money was taken off the books, or cleaned off more like it. All 3 major indexes closed up not just for the day but on the week, investors welcomed that after 4 weeks of closing down

We need to remain diligent, just because we closed up, ready??? 0.51% on the S+P 500 for the week, yep, half a percent, lol,,, Doesn’t mean that we are out of trouble and that the market can’t drop lower
The S+P 500 truly needs to recapture 5,700 if not 5,800 and own it
Then advance back up to 6,000 again
5,500 is major Support, and we we seem to be steady above that right now, but should we decline back down below that then all bets are off, even sooner for more conservative investors

Remember what “Uncle Warren” said”
He said “We don’t need to be smarter than anyone else, just more disciplined than the rest”
We’re utilizing discipline to ensure that during this market volatility we don’t over position, over invest or over extend… Do I need to say that “over” again??? 🙃 

Moving forward:
I’m not a fan of Chinese stocks, never have been. Except for BABA……. The Chinese markets are notorious for stock “mis-information” about companies…. It happens here too, just more there

The reason I mention this is because as U.S. markets seem to be pausing at the moment don’t be surprised if we begin finding some winning names from abroad

Our list right now looks different than some names of the past
These are all stocks that we here at theoptionscoach.net are looking at for continuations this week… Here is how each of them did this past week


AAPL +2.24%
APP +7.22%
BABA -4.22% We like the long term formation on it currently and are watching for a B.O.
JPM +3.95% 😁 ( We’ve been talking about JPM for a while )
NFLX +4.61%

Notable mentions
DASH +3.88%
FI +1.62%
GE +3.56%

JPM is in a funky spot
The prices are in $5 increments and the current price is $242.00
That is great, kick butt and awesome for our $240 Blind Calls that we bought last week, they are rockin 😁 ,, but with price in between now what???

Here we go
We do not go long when a stock in red or on a down day
We do not chase stocks
We set STOPS and HONOR them
We always buy at the MID price or better

JPM
APR 17, 2024
Bull Call Spreads
240 / 245’s are 2.50 at the MID ( I don’t know if I have ever seen a numerical progression like that before, lol……. 240 / 245 / 2.50 that is a first!!!! )
240 / 250’s are 4.47 at the MID ( that is quite the increase for that one, the reason is you do have the potential to make a good bit more should JPM advance strongly )
Blind Calls
245’s are 5.55 at the MID
250’s ( higher risk ) 3.55 at the MID

Tonight I’ll be taking a deeper dive on the Options of our new names
In the morning I’ll report back with my findings

The Options Coach