PennyBois

PennyBois

AMEX:SPY Weekly Options 2/4/2025 We are still trading in the same range as last week from $591 to $605. This week we will trade this same range using 15 to 30 minute candle closes for confirmation and stop-loss. $605 Call 2/18 or 2/21 Entry: Breakout over $600, buy off retest Targets🎯: $603, $605, $608 $595 Put 2/18 or 2/21 Entry: Breakdown under...

PennyBois

NYSE:PL Breakout Trade Targeting Reversion to the Golden Mean (61.8% Fibonacci Retracement) Entry: Over $5.15 Targets🎯: $7, $8

PennyBois

AMEX:SPY Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears. For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss. $603 CALL 2/11 Entry: Breakout/Hold Over...

PennyBois

AMEX:SPY This week we are focusing on the range of $585 to $607.90 with our confirmation level at $599.44. We are using 15-30 minute candles closes for both confirmations and stop-losses. Best of luck! Ranges: $585.81-$599.44-$607.90 $606 CALL 2/14 Entry: 15 minute close OVER $599.44 (Buy off retest) Targets: $606, $607.90 $589 PUT 2/14 Entry: 15-minute...

PennyBois

AMEX:SPY Our range is $570 to $589 with our entry pivot at $580. For these options, we use 15-30 minute candle CLOSES for confirmation and stop-loss. 📜 $585 CALL 1/27 Entry: Confirmation over $580 Target🎯: $584, $585, $589, $595 📜 $570 PUT 1/27 Entry: Confirmation below $580 Target🎯: $575, $570

PennyBois Updated 

AMEX:SPY Last week, our $585 PUT 1/13 was a killer, producing two daytrades that ran for 50% and 132%! Here is what we are watching for this week: We have reclaimed bullish trend and expect consolidation within this range from $584.59 to $607.45. Last two weeks have been low volume and profit taking. We are using this bullish trendline for confirmation using...

PennyBois

NASDAQ:CELH Celsius is going through a "drastic narrative issue" due to comments made by the CEO about a $120 million drop in sales. The issue is related to Pepsi orders, not overall sales. Pepsi had been overloading on Celsius inventory over the past year and is now trying to work through that excess inventory. Celsius' actual consumer demand has increased 10%...

PennyBois

NASDAQ:TSLA $440 is our critical price point from here. Ideally, we test trend at $386, where we will gain support to trade past $440 up to $500. Autonomy and FSD alone puts Tesla at $300. Robotics is not even part of the equation yet. The $7,500 EV tax credit is set to be removed by Trump, so as that approaches, we might see pull forward demand on the EV side...

PennyBois

Above $69, $108 is our next target. There is room for an entry over $69, but we want to see it come down and consolidate first. Palantir will be the industry leader for the next decade. We can see investors are still putting money in as Palantir’s stock is holding up strongly during every market pullback. Shay and Quench have already taken some profit but still...

PennyBois

AMEX:SPY We see the indices having a tough January. Long-term trend is still intact. The 10-year yield is a benchmark for bulls/bears. It needs to be down to 4% (currently 4.5%). If it hits 5%, the pullback will intensify. There is a high floor of support on pullbacks, notably the 50SMA ($580) and 200SMA ($550). We are not thinking bear market. We are...

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...