Trade Ideas

Stock futures hit a new record overnight.  The tremendous start to the year continues.

At some point the market will correct.  However until this market gives us a reason to sell/buy puts, it's best to either sit on the sidelines or be long.

I entered some $MU  calls yesterday for a rally off support.

I think longer term we could be looking at another classic wedge break, as we saw last year with NVDA BIDU and TREE to name a few.

Shorter term, support tests have been great buying points.

$DDD I entered some FEB calls yesterday.  I think its going to breakout much in the same way it did early last year.  A move to $15+ over the coming weeks/months is possible on a repeat of last years squeeze.


$X is poised to break back over $40.  I entered some weekly calls for the possibility that this move comes this week.

While nothing is ever certain, I like the risk/reward for a move back to $50 over the next few months.

$AAOI -  I like the squeeze potential of this stock as the market continues to move higher.   I entered some calls for this possibility.  The next earnings report could be a make/break for this stock.  For now I am trading for upside into the end of this week.

Known 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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