PREMARKET SUMMARY
05/04/2023
$SHOP
Shopify stock rockets after earnings as
company will sell logistics business
$DDOG
Datadog beats Q1 top and bottom line estimates;
initiates Q2 and updates FY23 outlook
$W
Wayfair pops after guiding for positive
EBITDA in Q2
TOP STOCKS TO WATCH
AT THE MARKET OPEN
WHEN THE MARKET OPENS I WAIT AND WATCH
WHAT STOCK CAN BREAK A SIGNIFICANT LEVEL
FOR POTENTIAL CONTINUATION
$SHOP calls
STRIKE: $55
EXP: may-05-23
TARGET: $60
MY POTENTIAL ENTRY:
IF IT breaks $55 resistance
STOP LOSS MAX 30%
IF IT DOESN'T HOLD above
resistance
$DDOG calls
STRIKE: $70
EXP: MAY-05-23
TARGET: $72
MY POTENTIAL ENTRY:
IF IT breaks $70 resistance
STOP LOSS MAX 30%
IF IT DOESN'T HOLD above
resistance
$w calls
STRIKE: $35
EXP: may-05-23
TARGET: $36.9
MY POTENTIAL ENTRY:
IF IT BREAKS $35.11 RESISTANCE
STOP LOSS MAX 30%
IF IT DOESN'T hold above
RESISTANCE
$SPY puts
STRIKE: $406
EXP: MAY-04-23
TARGET: $404
MY POTENTIAL ENTRY:
IF IT BREAKS $405.5 support
STOP LOSS MAX 30%
IF IT DOESN'T stay below
support
$SPY calls
STRIKE: $407
EXP: may-04-23
TARGET: $408
MY POTENTIAL ENTRY:
IF IT BREAKS $407.13 resistance
STOP LOSS MAX 30%
IF IT DOESN'T hold above
resistance
THIS IS MY PREMARKET THAT I CREATE
EVERYDAY FOR MYSELF TO PREPARE
FOR THE MARKET OPEN
I SHARE THIS PLAN WITH YOU TO LEARN FROM
MY 8+ YEARS OPTIONS TRADING EXPERIENCE
THE POTENTIAL TARGET PRICE DOES NOT MEAN
THE STOCK WILL GO TO THE TARGET
I CREATE ROUGH ESTIMATES BASED ON WHAT I SEE
PREMARKET IN A POTENTIAL BEST CASE SCENARIO
MOST MONEY I MADE IN THE FIRST 30MIN AFTER
MOST MONEY I MADE IN THE FIRST 30MIN AFTER
THE MARKET OPEN AND MOST LOSSES HAPPENED
AFTER TRADING LONGER THAN 30MIN
WHILE I CREATE THIS PLAN DURING THE PREMARKET
IT'S THE PRICE ACTION AT THE MARKET OPEN
THAT MATTERS IN THE END
AT THE MARKET OPEN STOCKS CAN SUDDENLY
CRASH DOWN, GO VERTICAL UP
OR DON'T MOVE AT ALL
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DISCLAIMER
DO NOT BASE ANY
INVESTMENT DECICIONS
BASED ON THETRADEWAR LLC
PREMARKET PLAN
WE DO NOT GUARANTEE THAT
THE INFORMATION FOUND
IN THIS PLAN IS CORRECT
ENTERTAINMENT PURPOSES ONLY
THIS IS NOT FINANCIAL ADVICE
TRADE AT YOUR OWN RISK
TRADING OPTIONS IS RISKY
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