Weekend Charts

CRM $113.63 (chart) this one looks like Zurg from toy story. i think the chart has seen its downside right now, and its gonna squeeze higher next week. target back to $125.

the play - CRM $125 nov 25 calls at $.94

AXP $46.88 (chart) I pointed out the lower highs earlier this week and the support at $48.85, once it broke the gates fell and the castle fell. just a huge drop. those $48 puts I kept blastin on the board at $.30, $.22, $.14 hit $1.70!!! it was a huge move and why we trade options. I think AXP has further downside, ultimately $41 this year and well below it next, for now we are looking for $44.50 - $45.50

the play --->>> AXP $45 nov25 puts $.36

axp

CAT $93.93 (chart) still above the trendline, hasnt broken out of the triangle like SPY, we saw how tragic that will be once it happens. for now CAT calls, I think $97.50 next spot assuming we dont crater out of the gates monday

the play ---->> CAT $97.50 nov25 calls $.64

cat

IBM $185.24 (chart) as long as she holds above that trend line its game on..... obviously I think shes going down, but dont fight the tape

the play --->>> IBM $190 calls $.64 ibm

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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