PREMARKET SUMMARY
5/18/2021
WMT CALLS
STRIKE: $144
EXR: MAY-21-21
TARGET: $147
MY POTENTIAL ENTRY:
AFTER THE BREAK OF THE
RESISTANCE $144.1 AND ABLE
HOLD THE GAINS
STOP LOSS 30%
SPY CALLS
STRIKE: $416
EXR: MAY-19-21
TARGET: $420
MY POTENTIAL ENTRY:
aBOVE SUPPORT
STOP LOSS 30%
M CALLS
STRIKE: $20.5
EXR: MAY-21-21
TARGET: $21
MY POTENTIAL ENTRY:
AFTER THE BREAK OF THE
RESISTANCE $20.7 AND CAN
HOLD THE GAINS
STOP LOSS 30%
$AMC CALLS
STRIKE: $15
EXR: MAY-21-21
TARGET: $17
MY POTENTIAL ENTRY:
ABOVE $14.5 SUPPORT AND
ABLE TO STAY ABOVE IT
STOP LOSS BELOW SUPPORT
OR MAX 30% WHICHEVER
COMES FIRST
$SPY PUTS
STRIKE: $412
EXR: MAY-21-21
TARGET: $405
MY POTENTIAL ENTRY:
BREAK OF SUPPORT ZONE
AROUND $412.5
STOP LOSS ABOVE SUPPORT
OR MAX 30% WHICHEVER
COMES FIRST
YOU DON'T NEED A HIGH WIN RATE
OR BIG ACCOUNT TO BE PROFITABLE
SMALL POSITION
+
STOP LOSS IS KEY
CUT LOSSES QUICKLY
LET WINNERS RUN
THAT'S THE POWER OF OPTIONS
EXAMPLE Q1 PROFITS
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.