Welcome back everyone!
Lets dive into the recap for todays session then move on to tomorrows analysis.
Recap of chat today:
First, I want to discuss how well NVDA performed based on the contract shared in the chat. This week's low is where I anticipated a bounce, highlighting the 123 Calls at 2.1. These calls saw a significant increase, reaching 5.95, yielding just under a 200% return. Additionally, AAPL experienced a rebound today before selling off towards the end of the day. This movement brought contracts just above break-even before the close, but they look likely to rally back, potentially ending the week in the green. As always, updates will be provided in the chat daily.
Moreover, AMZN demonstrated solid strength today, aligning with my expectations for both AAPL and AMZN to emerge as leaders by the end of the year. The contracts experienced a strong upward move but were suppressed towards the end of the day as the rally faced selling pressure. My outlook remains consistent with what we observed for AAPL.
Shifting perspective from the long side, AVGO was identified as a short opportunity today. It saw a robust move towards the end of the day, with the put price increasing from 11 to 16 within an hour of the alert. I anticipate strong continuation in tomorrow's session, potentially pushing these contracts over 30.
This is what was covered in the chat today. Now, let's move on to my analysis for tomorrow, which is exclusive to subscribers.