What's old is.......

What's old

December 02, 2024

Would you like to say it or should I? Congrats the S+P 500 for making a new ATH today, oh yeah don’t forget, the NASDAQ too 😃 

If you look at the Heat Map it was a hard fought battle today, money moved from Value back over to Tech
. This has got to be one of the most see saw, teeter totter, back and forth markets that I have ever seen.
Do you know what that means? That means that the overall market is healthy, it also means that the bulls are in control as the uptrend happens. Sure it may be the DOW today and the NASDAQ tomorrow, but stocks are moving

One that moved for us today is META
We here at theoptionscoach.net have been touting it since it was at $555.00 and said it was a buy above that mark. Today was an incredible day as it rose over 3% at one point and closed above $592.00
The Options that we took on it last week are ripping
..
We love the chances of it crossing north of $600.00 sometime this week as the O.I. for this coming Friday DEC 6, 2024 is now approaching 32K
The proper has passed, we will wait here for another entry
If META continues tomorrow without a small pullback we will add again only this time going out to MAR 2025. That play should signal that we are bullish for a trend breakout, if that doesn’t occur we will be more than happy to take gains

COST It didn’t gain much today but it did close green
This one has the potential to go far
I say that because the Deltas are now rising, we are making money on it, and with any movement north, we stand to make a high percentage gain
This was like several of ours from the past “Right place right time” We bought low Deltas with favorable I.V.
Again, right place right time
And maybe, just maybe, it might have something to do with that little 17 point check list we use prior to any new entries

It might seem a little off to some, and I do understand, Tech, Value, Momentum, where are we going next? And they all seem to change so fast. This is where patience comes in, sitting, waiting, but when the trend is with you, the bulls aren’t against you

The Options Coach

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