Good evening,
I closed 10 wins and 1 loss Monday for $29,905.10 realized profit.
The theme was once again long small-caps so IWM calls, short fear so UVXY puts, and long Charles Schwab so SCHW calls and bull puts.
I expect this to be the same theme until IWM is between $180-$185, UVXY is under $4.50, and SCHW is between $63-$67.
Overnight I’m in …
Stocks:
VRAX at $1.12, goal $1.20-$1.70 LQMT at $.10, goal $.15-$.20
Options:
IWM calls, goal $175-$180 on the underlying UVXY puts, goal $5-$4.50 on the underlying SCHW calls and bull puts, goal $63-$67 on the underlying
All option trades have been alerted in chat in real-time. For example,
Mar 20, 2023 at 3:06 PM - Jason Bond: Filled Buy to Open IWM Apr 14 2023 175.0 Call Limit 4.43 -- -- 15:05:49 03/20/23
That said, I will start alerting option swing trades through the APP, so make sure you have it downloaded for both small-cap alerts and option alerts.
Moving right along.
I believe small-caps have found a bottom but need FRC resolution before they’ll advance greatly.
I expect an interest-rate hike on Wednesday, however, after the initial drop in the market, I believe stocks will head higher next week.
The interest-rate decision is at 2 pm ET followed by a press conference.
If I’m wrong and they pause interest-rate hikes I expect a very big move in small-caps to end this week.
Either way I think we’re very close to seeing a lot of opportunities in small-caps. To illustrate my point, CISO is up 247% in the after-hours on news i.e. we’re starting to see big runners again.
Subscribe here. Jason Bond |