What's your Super Power?

What’s your Super Power? I know that you have one, and most likely more than one. I know I do….

Way back when, a longgg time ago, when I was in college I was in class one day and the topic was a news event that had happened the night before. There was a up and coming politician that is now a household name delivering a fire and brim stone we’re gonna do it kind of speech. It wasn’t our man “Bob’s” speech that got the attention, no it was his 10 year son right next too him, khaki pants, blue blazer, big giant curly haired head, that was wailing and flailing his arms around and pointing out into the crowd and speaking feverishly just like his dad….
In class that day people called him a little brat, said he was rude, disrespectful, needed to be taught a lesson and some manners…..
The ONLY THING that I could think of was OPPORTUNITY WAS KNOCKING
Others asked how could I think like that, I thought WTH are all of you thinking? How do you let an opportunity like that slip??? Our man Bob could of easily won over the entire audience and tv world by saying something funny and quip like “Ladies and Gentleman the future President of blah blah blah!!!!! “
Instead Bob got irritated and tried to ignore his comical son
Bob was not seen as favorable after that
Say what you want about that kid or me, but one of my Super Powers is and has always been to make lemonade out of lemons, and to recognize “opportunity” when it knocks

That’s what I am seeing right now in this market. A great deal of stocks are searching for support at their proven moving averages
So if XYZ usually bounces off of the 50 day, then that is where it’s hovering right now
If XYZZZ usually bounces off of the 20, then that is where it’s hovering right now
I am seeing this in far more stocks right now than not
Another thing is Options Premiums are getting a reset
Like always we are not going to chase, but let stocks come to us

Tomorrow is only a half day in the markets, Wednesday the markets are closed
I’ll be releasing my EOY report with the results from fresh scans at that time

RDW is one that I have been trading for about a month, yes even while I was gone
My initial entry was down at $11.80 for the stock. I am currently still long the 16 Strike Calls for APR and looking to add here on this strong volume it keeps building
~~Here’s =the= good =and =the= bad~~
The good, I like it here for another push higher
The bad, it’s only been around a few years and it sitting up at ATH’s which is why I did not mention it before. Right now though this volume is very respectable
Tomorrow I’ll talk about Options for it going forward

Side Note:
We here at theoptionscoach.net would like to extend our deepest condolences for the loss of Past President Jimmy Carter
Regardless of what anyone thought of him on a political level there is no denying that he went above and beyond helping others and trying to teach others how to help themselves
The markets will be closed JAN 9, 2025 in observance

The Options Coach