High Prob Trading https://marcellink.com options and futures tutorials Tue, 19 Nov 2024 21:01:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 https://marcellink.com/wp-content/uploads/2023/12/cropped-light-blue-ML-32x32.jpg High Prob Trading https://marcellink.com 32 32 Today’s Outlook – 11/19/2024 https://marcellink.com/postpage/ https://marcellink.com/postpage/#respond Tue, 30 Jan 2024 06:37:36 +0000 https://marcellink.com/?p=230398 I feel like todays big move in Nvda is due to FOMO as traders don’t want to miss another big move up if responds well to earnings. And yes it could sell off, but I think that would only be temporary as traders would jump in to buy it cheaper. It’s also my opinion the sell at the end of last week is done with and we will new highs in market within a week, especially if Nvda does well. For now I am doing a Strangle on TGT 135/175 3 DTE and a Diagonal call spread on TJX selling Dec 20th 115 call and buying the 3 DTE 112 call

Even though earnings are mostly done there are still a few good ones left. a lot of the retailors are reporting this week. But i am expecting Nasdaq to not do much until Wed after the close when Nvda will move the market one way or the other. (I believe up), unlike some other stocks it hasn’t exploded recently and is trading at the same place it June, so it has potential and they seem to do great every earnings.

Earnings:

Mon: nothing

Tues: Walmart and Lowes before the open and

Wed: Target, TJX, Williams Sonoma before and Snowflake, Nvdia and palo Alto after

Thur: Bidu, John Deere , BJS, then Ross Stores , Gap and Intuit

Fri:

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