PREMARKET SUMMARY
6/03/2021
$SPY PUTS
STRIKE: $416
EXR: JUN-04-21
TARGET: $412
MY POTENTIAL ENTRY:
IF IT BREAKS SUPPORT $416.5
STOP LOSS 30%
$SPCE CALLS
STRIKE: $32
EXR: JUN-04-21
TARGET: $35
MY POTENTIAL ENTRY:
IF IT HOLDS ABOVE $32.5 AND
BREAKS PREMARKET HIGHS
STOP LOSS 30%
$BB CALLS
STRIKE: $16
EXR: JUN-04-21
TARGET: $20
MY POTENTIAL ENTRY:
IF IT CAN HOLD ABOVE $16.5
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.