PennyBois

PennyBois

AMEX:SPY AMEX:SPY Trend continuation is still bullish long-term. We are using this bottom white trendline as a key pivot for these options and the larger move up or down. With these trades, we use 15-30 minutes candle CLOSES above or below support for confirmation $610 CALL 1/6 Entry: Add at support tests off trendline Targets: $600, $604.25, $607,...

PennyBois

AMEX:SPY Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week. 📜 $604 Put 12/31 Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance 🎯 Targets: $604.25, $603.37 📜 $608 Call 12/31 Entry: Breakout and 15 min close OVER $607, entry off retest of...

PennyBois Updated 

We are back after another banger week for SPY options. Last week's $605 Call 12/9 ran for 31.4%. This is how we are prepared for both sides! 📜 $604 CALL 12/16 Entry: Retest of $603.37 and 15-min close OVER Target: $604, $605 Stop-loss: 15-min close UNDER $603.37 📜 $600 PUT 12/16 Entry: Breakdown and 15-min close UNDER $603.37 Target: $601.25,...

02:13

PennyBois Updated 

We watched this name face headwinds after a bad earnings print, along with data privacy issues... But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like: NASDAQ:CRWD NSE:INFY and NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share) This analysis positioned NYSE:SNOW for significant...

PennyBois Updated 

We are back after another banger week for SPY options. Last week's $590 Call 12/2 confirmed twice off $586 returning intraday gains of 48-67% on Tuesday & Wednesday and reaching highs on Monday 11/25 of 184-210% Here are this week's options: Range: $583-$598 ($590 mid-point) $595 PUT 12/9 Entry: 15-min candle close BELOW $598.67 Targets: $595.50, White...

01:03

PennyBois

Our AMEX:SPY range trading strategy is in full-effect. We talked on livestream about trading the upside to $600 (from $598) and that trade paid out handsomely. I think we could expect $605 tomorrow if price action continues to the upside. I will continue to update as these trades play out, week after week!

PennyBois Updated 

AMEX:SPY We expect the next two weeks through Thanksgiving to be quiet before we continue on this rally into the end of year through all-time highs. This week we are focusing on the range from $583 up to $598. We have weaker levels at $586 and $591.70. Here are our weekly options contracts for both sides of the trade. For confirmation, we use 15-30 minute...

PennyBois

NYSE:PLTR Palantir has proven they are the clear leader in enterprise AI. This company has a massive runway. 30% year-over-year growth, 38% margin, Rule of 40 score of 68. Think $NASDAQ:NVDA. Our entries are stacked down at $7-$10. However, there is a bullish trade here above $45 to trade to our next long-term target of $70. To play it safe, we will be...

PennyBois

NYSE:PLTR Palantir has proven they are the clear leader in enterprise AI. This company has a massive runway. 30% year-over-year growth, 38% margin, Rule of 40 score of 68. Think $NASDAQ:NVDA. Our entries are stacked down at $7-$10. However, there is a bullish trade here above $45 to trade to our next long-term target of $70. To play it safe, we will be...

PennyBois

AMEX:SPY SPY Options Range: $571-$568 Long-term tend suport down the middle. We are sitting and waiting until elections are over. Here are our weekly options: $572 Call 2-3 Week expiration Entry: Confirmation over $572 (15-30 minutes close OVER) Targets:$575, $580 $570 Puts 2-3 Week Expiration Confirmation Under $572 (15-30 minutes close UNDER) $572,...

PennyBois

AMEX:SPY AMEX:SPY is currently consolidating between a key support level and long-term trend support, hovering in the $580.90 - $583.60 range. The market's short-sighted focus on upcoming major tech earnings and elections has kept price movement tight. We’re positioned at a crucial point that could either send AMEX:SPY surging to new all-time highs or...

PennyBois

AMEX:SPY Last week our $568 Calls ran over 130%. Here's what we are watching this week. Confirmations are 15-30 minute candle closes above (calls) or below (puts) our pivot. Range we are watching: $581-$585 (Pivot: $583.50) Bullish Scenario: $585 Call 10/28 Entry: 15-30 minute confirmation CLOSE ABOVE $583.50 Target: $585 Bearish Scenario: $582 Put 10/28...

02:19

PennyBois

NYSE:SNOW is primed for upside with a strong support level formed around $109 (indicated on chart). We are expecting these 3 upside price levels to be significant points of resistance in the coming weeks, however the $120 strike options will prosper as we approach the $145 level and will be the first to get cut. Remember: This is a great name that got...

PennyBois

SPY Options to Kick off October Election is less than a month away. Investors are taking profit and repositioning defensively until after the election noise. VIX over $21. We’re still just 3% off from all-time highs. The next catalysts are rate cuts, job numbers, and earnings. We expect volatility until the election noise settles. This week, we are leaning...

01:55

PennyBois

Overall, NASDAQ:NVDA was the name to pay attention to today. Even though the AMEX:SPY traded to the downside, NASDAQ:NVDA held strong with a push above $130. The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have. Potential political headwinds are not to be discounted quite yet....

00:55

PennyBois

NASDAQ:JD Price action is a sign of strength today - whereas pundits said Chinese markets will open weak. I love what we're seeing today and have updated our upcoming resistance points to consider profit taking. They are as follows (est.): $46, $50, $60. On continuing strong VOL, this name should continue to feel the love!

PennyBois

AMEX:SPY 📊 AMEX:SPY Options Range: $572 to $574.73 📜 $574 CALL 10/18 Entry: 15-30 min CLOSE ABOVE $574.73 Target: $578 📜 $574 PUT 10/18 Entry: Rejection and 15-30 min CLOSE BELOW $574.73 Target: $572, Trend support (Currently at $571) A rare occurrence of a green September. We expect extremely high volatility over the next 4-6 weeks, especially...

PennyBois

NASDAQ:CELH has traded at a significant discount to previous highs. We see some consolidation forming near $32 area and demand has picked up, however this will not likely be a growth story moving forward. They will need to see significant margin expansion through earnings before they see any outsized growth. HOLD RECOMMENDATION on Celsius.