Markets closed higher again on Wednesday, with the S&P adding .80%. Asia markets closed higher overnight while Europe indexes are in the green this morning. U.S. futures are pointing to a mixed open, the Dollar is lower while Oil, Gold, and Yields are higher.
And here is the last rant if you missed: https://www.optionmillionaires.com/afternoon-rant-4-15-26/
Wow. It was another strong day for stocks with the S&P opening in the green and then melting higher throughout the day with nary a bounce, to close up .80% and at all-time highs. Nothing has changed since Monday besides no escalation in the middle-east and higher stock prices(and lower Oil)... crazy.
The Nasdaq has now closed higher for 11 straight sessions - and so has NVDA. It is NVDA's longest winning streak in its history. At some point all this comes to an end, but considering how negative things were only a week ago, there could be more upside here.
TSM, pretty much the barometer for the SEMI sector, reported a monster beat and raise this morning. After the close today we get earnings from NFLX - I would expect the same.
I mentioned in the rant, some chop here would bode well for more highs. The SPY is riding the upper bollinger band with $697 being some support:
And pretty amazing to see the SPY up 10% on the pincher reversal:
https://x.com/OMillionaires/status/1900211328104415737?s=20
Tne last few weeks have seen some nice trades but also ones where 'THE HOLD' comes into play:
I had the $21.50 weekly call on HIMS playing for a breakout. I closed them out. The stock is over $26 this morning meaning my .24 entry on the 21.50s will be at least 4.50 or 1,700%+ gain. The LMND $62 calls I closed for 100% gains were up over 750% now. Anyways, the last few weeks have been filled with lessons in the HOLD, although the conflict in the Middle East and the headlines driven environment has a lot to do with it. There is a fine line between controlling risk with a plan and being crazy enough to hold positions up a few hundred percent for even more gains...
I finally added RBLX calls yesterday. Think it is only a matter of time before that starts breaking out like SHOP has been doing. Think once it catches fire could see $75-80+ quick so may look to add other strikes on strength as well as closing some of my calls to cover costs when I get the chance:
GME finally rallied and held its gains... a rare feat. The stock closed up over 3% and right near that $25 handle. I used the move to come some my calls out for close to 100% to cover costs and now will hold the rest. Have to think an M&A announcement is coming...
After staring at BIDU Monday and Tuesday I finally pulled the trigger on some calls yesterday. The problem is premiums are expensive so I had to go out to next week. The stock floundered at $120 so I closed the calls out. Sure enough it is gapping higher this morning. Not sure if I will chase the open but may revisit if I can find decent strikes into next week for a move north of $135+:
Later in the day I finally added some FUBO lotto calls. I call them lotto because FUBO is volatile... it can be under $10 again or it can be in the midst of a run that pushes it north of $15. For .19 I think the risk is worth the possible reward. If it shows signs of continuation I may add more calls:
KODK still going up and to the right. Will need a big move for the last of my April calls and will lock some of my May calls in to cover costs when they get to 100%:
Eyeing DUOL lottos. Feels like one of these $100 breaks sends it to $120+ in a flash. Not to mention premiums have come down substantially which helps with the risk/reward:
SEDG looks interesting again here. May nibble some calls for an eventual move back into the mid-$40s and beyond:
And with April expiration coming. Will be eyeing some later dated strikes on CRBP:
And here is what I am watching today: CRBP, DUOL, SEDG, HIMS, BIDU, RBLX, NFLX, ROKU, SMCI, RDDT, KODK. NKLR, GLW, AAOI, LMND, SHOP, ANET, AVGO, INTU, ADBE, APP, WING, LRCX , ASML,ORCL, U, TTD, TSLA, ALMU, VKTX, RH, ROKU, KODK, ALGN, ISRG, LMND, CF, NTR, IPI, SERV, SHOP, ANET, HTFL, ROKU, POOL. V, MA, ZM, WING, SHOP, SQQQ, MRNA, DUST, FLWS, COCO, COIN, and SQQQ.
Let's have a great day!
-JB