PREMARKET SUMMARY
6/01/2021
SPY CALLS
ABOVE $422.9
spy PUTS
BELOW $420
STRIKE: AT THE MONEY
EXR: JUN-02-21
STOP LOSS 30%
$NIO CALLS
STRIKE: $40.5
EXR: JUN-04-21
TARGET: $41.5
MY POTENTIAL ENTRY:
IF IT CAN BREAK THE $40.40
RESISTANCE AND HOLD ABOVE IT
STOP LOSS 30%
$BA CALLS
STRIKE: $252.5
EXR: JUN-04-21
TARGET: $255
MY POTENTIAL ENTRY:
IF IT CAN BREAK THE $252.5
RESISTANCE AND HOLD ABOVE IT
STOP LOSS 30%
$NVDA CALLS
STRIKE: $655
EXR: JUN-04-21
TARGET: $665
MY POTENTIAL ENTRY:
IF IT CAN BREAK THE $655
RESISTANCE AND HOLD ABOVE IT
STOP LOSS 30%
$BB CALLS
STRIKE: $11
EXR: JUN-04-21
TARGET: $11.5
MY POTENTIAL ENTRY:
IF IT CAN HOLD ABOVE $11
STOP LOSS 30%
SMALL POSITION
+
STOP LOSS IS KEY
CUT LOSSES QUICKLY
LET WINNERS RUN
THAT'S THE POWER OF OPTIONS
STOP LOSS: MY MAX LOSS
TOLERANCE OF ANY TRADE IS 30%
THE ESTIMATED TARGET DOESN'T
MEAN THAT THE STOCK OR ETF
WILL GO TO THE TARGET.
ONLY THE PRICE ACTION AT THE
MARKET OPEN MATTERS
TRADE ON YOUR OWN
BEGINNER GUIDE:
NO EXPERIENCE AND OR CAN'T
TOLERATE ANY LOSSES:
ONLY PAPER TRADING
SOME EXPERIENCE AND CAN
TOLERATE SMALL LOSSES:
ONLY 1 CONTRACT
(MAX $300)
STOCKS CAN SUDDENLY CRASH DOWN
OR BURST TO THE UPSIDE.