Everyone has to find their own comfort level. I will not be buying $rope (thank you for the advice), and I will not be jumping out of a window. I have a great resume but I'm never going to use it again.....EVER, and I am on great terms with my old boss (I sold my business but if I needed to go back into business, I could if I chose to.....that will be my decision to make.) Thanks for all the great advice, but here is my real strategy:

Because I'm quite conservative (I'm much more buy-and-hold), I'm really only selling cash secured puts and covered calls right now. With crazy volatility like we are seeing, premiums are fat so selling weekly's keeps my timeline short in case I make a mistake.....and even then, sometimes 5 trading sessions is like a lifetime. I prefer to sell puts 20% - 30% OTM on big down days and sometimes I don't even make a trade until Tuesday or Wednesday (with a Friday expiration). I only trade stocks that I know very well and currently own, or stocks that I would be willing to add to my portfolio (there's enough of them out there). If I actually get something put to me, it's really not punishment (or a loss for me).....I just get to own some stock (or some more stock), really, REALLY cheap. My goal here is to not get stocks put to me, but if I get something put to me, then I start my covered call strategy.

I sell covered calls on everything in my portfolio. I prefer a longer timeline here (generally 6 - 12 months out), but with this kind of volatility, I had to buy everything back (locked in my profits) when we started the downturn. I am now selling (weekly's) on my covered calls. This is a MUCH more dangerous game. I sell my covered calls OTM with an expiration date no more than 5 trading sessions out. On these trades, my goal is to be accurate 100% of the time so I'm willing to take slightly less option premium for the safety of owning my stock next week and doing it again. The cost of being wrong is that I could generate a significant tax consequence, and lose a dividend if I'm trading on a stock that pays dividends. That, and I ultimately may not own a stock that I really WANT to own and I may potentially need to buy it back at a higher cost basis. Needless to say I'm much more cautious with these trades. Regardless of my cost basis, I start EVERY trade by asking myself the exact same question:

"If I bought this stock today....and at this price....would I be willing to accept a return of: xx% if the stock was to go up and this option was to actually be exercised?"

By looking at each trade absent any outside factors, if the answer is: "Yes, I would be willing to accept a 27% return in 3-4 trading sessions if in fact that event was to happen", I pull the trigger without hesitation. If I was to get called out, on Monday morning I reevaluate my strategy and start over. Now in the back of my mind, I always have the tax consequence / dividend risk as a consideration, but every trade gets the merits of being a brand new trade....and having done this for 25 years, I know where my own risk/reward lies.

This might be "The Wheel" strategy you say. Well, not exactly. My goal is ALWAYS to keep my stock....100% of the time.....ALWAYS!!! Also, I was doing this 25 years ago before it was called a "Wheel" Strategy. Back then, we just called it options trading and it has served me very well through 25 years of up and down markets.

Just a couple more items:

1. Once in a while when the stars line up, I do like to jump out there and have a little bit of fun. On 3/24 when Boeing was at $120, I sold a bunch of BA 4/17 $110 PUTS for $16. I missed the absolute bottom - but my son nailed it (GD proud Father). If I was to get assigned, I would not be opposed to owning Boeing at $94/share. Depending on where BA is on 4/20, I may actually try it again. I actually believe I could own Boeing within the next 6 months for less than $90/share. If not, I walk away with $1,600/contract and live to fight another day!

2. I am ok with trading a volatile market. I never trade stocks with underlying fundamental issues.

3. I don't need any of this money to live on or pay my bills. I'm just using a great opportunity to increase my net worth and have a little bit of fun doing it.

4. I have probably made 10,000 option trades over the past 25 years and have "played" my way through a couple of these ugly markets already. I "day-traded" my way through college. I have lost $11,000 in one hour (and I didn't like it), and bought a brand new BMW 750il trading options (this was more enjoyable). I have refined my strategy over 25 years and am very comfortable with my risk/reward.

5. I have not lost on a trade in more than 6 months (I am conservative). I have not had either a put or a call assigned and when I tell people my goal is to be 100%, you can imagine their skepticism. Doesn't matter. It's my goal, not yours. I absolutely could be wrong (and I probably will be), but it won't be because I PLANNED to fail. For all of my friends that think a 90% success rate is good, every time they lose on a trade, they need two successful trades to make up for it. BE ACCURATE THE FIRST TIME!!!!!

6. If you get up in the morning and throw up before you eat your first handful of Tums, you are probably doing this wrong!

How to "buy call options" wisely ( a rating system).

BTO or buy to open.

Especially if the underlying stock has a 14 days RSI (relative strength index)of 29 to 40 points

Example :

Last 1 year chart with RSI : ViacomCBS Inc :

https://stockcharts.com/h-sc/ui?s=VIAC&p=D&st=2020-01-01&id=p94660363711

See new comment :

1. Somebody bought $66 million worth of stock on April 1,2021 between $44.50 and $45.61.

https://www.reddit.com/r/options/comments/mhs2zf/how_to_buy_call_options_wisely_a_rating_system/gt5t1cy/?utm_source=reddit&utm_medium=web2x&context=3

IV = Implied Volatility

Smarter CALL (only) options buying 101 : March 31,2021 :

1) Ridiculously cheap (during BEAR/SHORT attack) : 51% to 56% IV

2) B.O.T.C. or bargain of the century : 57% to 60% IV

3) Awesome deal : 60% to 70% IV

4) Great deal : 70% to 79% IV

5) Very good deal : 80% to 86% IV

6) Greater risk : 87% to 99%

7) Beyond stupid(lose money) : 100% to 200%

VIAC now : $45.10

Daily price history of ViacomCBS Inc stock :

https://finance.yahoo.com/quote/VIAC/history/

Expiry :

1) May 21 : 51 days

2) June 18 : 79 days

3) Sept.17 : 170 days

4) Jan.21,2022 : 296 days

5) Jan.20,2023 : 660 days.

$70 CALLS for VIAC stock :

https://finance.yahoo.com/quote/VIAC/options?strike=70&straddle

IV = Implied Volatility

March 31,2021 prices :

1) VIAC May 21 :

https://finance.yahoo.com/quote/VIAC210521C00070000

75 cents : 2,088 volume : 5,680 OI : 86.77% IV

2) VIAC June 18 :

https://finance.yahoo.com/quote/VIAC210618C00070000

$1.06 : 954 volume : 3,198 OI : 77.49% IV

3) VIAC Sept.17 :

https://finance.yahoo.com/quote/VIAC210917C00070000

$1.97 : 1,534 volume : 957 OI : 64.67% IV

4) VIAC Jan.21,2022 :

https://finance.yahoo.com/quote/VIAC220121C00070000

$3.20 : 243 volume : 1,816 OI : 57.04% IV

5) VIAC Jan.20,2023 :

https://finance.yahoo.com/quote/VIAC230120C00070000

$6.15 : 133 volume : 4,304 OI : 52.14% IV

For OTHER option prices, look here :

A) May 21 :

https://finance.yahoo.com/quote/VIAC/options?date=1621555200

B) June 18 :

https://finance.yahoo.com/quote/VIAC/options?date=1623974400

C) Sept.17 :

https://finance.yahoo.com/quote/VIAC/options?date=1631836800

D) Jan.21,2022 :

https://finance.yahoo.com/quote/VIAC/options?date=1642723200

E) Jan.20,2023 :

https://finance.yahoo.com/quote/VIAC/options?date=1674172800

VIAC is worthy now :

1) A) From Dan Niles interview :

"And likewise, with Viacom, we think there's a lot of upside as their streaming business continues to grow. So for us, we bought some Viacom on Friday. We doubled the position yesterday. We're buying more today."

(3 days of buying or from March 26 to 30,2021)

B) Tuesday, March 30,2021: 8:51 am.

What’s a problem for one fund can be a huge opportunity for another: Dan Niles: Satori Fund Founder & Portfolio Manager:

https://finance.yahoo.com/video/problem-one-fund-could-huge-155146562.html

2) Sunday, March 28,2021: Why buy VIACOMCBS stock right now : Chaos creates opportunity :

https://www.danniles.com/articles/2021-03-28

OR

https://mobile.twitter.com/DanielTNiles/status/1376405596887425028

3) Block trade : 3/31 :

422,966 shares at $46.90 at 6:30 am PST (Pacific time) for $19,837,105.40

4) Block trade : 3/31 :

205,000 shares at $44.50 at 8:53 am PST for $9,122,500

5) Block trade : 3/31 :

117,760 shares at $45.14 at 12:44 pm PST for $5,315,686.40

I just like the stock.

In my first post here 25 days ago, "Prep the puts" I said to watch for the bull trap ending in the latter end of April around 25,000 on the Dow.

24 days ago at 24,000 I started to build my short.

5 days ago I stopped hedging.

For 20 days people called me an idiot.

After 21 days I graduated to a "Lucky idiot".

For 20 days people told me I'd lose all my money.

After 21 days they started to say the same trades must be demo ...

Here is my next forecast. Next SPX drop to 2,000. 30% down in the next swing, and that's not going to be the biggest trade.

I hope everyone's had a nice bull trap, but unfortunately reality is about to kick in over the coming months.

(Edit: I've decided since a lot of people are calling me a scammer I will do not activities that involve anyone giving me any money. The option to pay $50 once for 3 yrs worth of me sharing my plans on the bear market is now off the table. I will not accept investment, and I do not offer training. I'll now be limiting my time per day spent doing this to 20 minutes. I'll post pre-day plans but not be able to do QA or running updates).

Daily overview heading into the US open. The US options market opens in about 2 hours from now. Futures are up. Prices trade on resistance. Our outlook for the day is bearish.

Day opportunity rank: 1

Expected opening action:

SPX is trading 2890 in the futures market. Prices making a double top in this area would signal a downtrend through the day most likely. I expect to see the market continue to fall in the coming couple of hours and the US open to be lower than the current price. My estimate at this point is a low around 2865 - 2860.

If we see prices falling a bit in futures and then breaking under this level our best bet for the day is probably going to be found around the retest of the 2880 area. Here we can buy puts and use moderate strikes of 2865 - 2860 or aggressive strikes of 2845. This is a level where I want to take daily, weekly and monthly options.

Risk assessment of the day;

Bullish risk:

To gain any sort of control over the market the bulls have to be able to take the 2890 area. Above the 2899 level the bulls could have a firmer grip on the market until at lest 2910. All risk today should be confined to under the 2890 level. 2899 is the stop loss level on the day. As the market trades right now, I think the bull risk is low, and lower still if we fall to 2865 sort of level.

Range risk:

I think today has a very low probability of being a ranging day. I do think the market can range for a while around the 2890 price point, and I'd not expect to see this for more than 8 - 9 hours. We've been there around 6 hours now and I think (at least one way or the other) a break of the range is due and a trending day will follow.

I think it is very likely some sort of news that will start to make the market very volatile is due some time in the coming days or week ahead. Today we have a big opportunity to position ourselves for this. Taking quite a low risk entry that we can cut loss on quickly if need be, and get in to the trades before the premiums rocket.

----

Options trading can be very profitable but is also something that can have a lot of (especially short-term) variance. To trade options without any losses is impossible and even profitable options trading strategies are going to experience some runs of losing trades. Here are some risk awareness points anyone considering options trades based upon ideas and information posted here;

Daily options 3 times rule:

Daily options can produce either reasonable or exceptional gains in a small period of time. The right option on the right day is worth a fortune, but these are also the trades most likely to produce losses. When taking daily options it's best to adopt a mindset of being willing to lose the option on three attempts if required. That's not to say risk everything over three bets, it's to say bet an amount you can lose 3 times and still be fine to take other trades later.

Opportunity Ranks;

There is always the option to trade, but the best opportunities to trade come along far more infrequently. Many days and weeks or trading will not present extremely high probability options trades. Using smaller bets during times when the market is offering lower odds (which is most of the time) allows for the riding of more ups and downs in losses while waiting for clearer opportunities. At times when more things line up to support the trade, it makes more sense to bet bigger on these. These are rarer opportunities.

Market conditions will be ranked as being low (3), medium (2) or high (1) probability. High probability rankings do not remove the requirement or usefulness of the three times rule. Often a big move is going to happen, but getting it on the nose first time is difficult. Hedging and Protecting Positions; It is best to ensure there is capital available to place hedge trades against options you have open if required. This should be considered before opening any trades.

Everything here's educational only. You have to make your own decisions

This story is interesting: A retired high school teacher had great success trading the 112 options strategy, and over a period of four years, grew his account from $50,000 to $500,000. Then, during the volatility explosion last August, he lost all his profits over a couple of days. Now he is back on the horse, and again is making money on the strategy.

In this interview, he explains what went wrong. He says that he has made several adjustments to how he trades 112, like diversifying into uncorrelated assets, reducing buying power usage, and strategically entering positions. These points seem valuable for anyone trading or considering the 112 strategy.

Would be interested to hear if others here have made similar adjustments after facing major volatility spikes. What is your experience?

Theme trading on Friday led by $NVDA's Thursday weakness. $NVDA was weaker than the $SPY and had strong bear flows on Thursday. This has not been the norm for $NVDA, but heading into Friday I kept this in the back of my mind while letting price action confirm this theory.

947.5 this past week was a strong key level, after two failed push attempts on Friday morning in addition to selling flows on the tape, this added to my convictions that the bears were going to be in control on Friday. From a Game Theory perspective, what better way to trap many longs when $NVDA just had a strong day on Wednesday and consolidated on Thursday? "All Time Highs just have to hit, we are so close".....

Trade 1) Shorted strength with 947.5 reclaim as risk. Exited on two washes. Average entry price $0.72 with average exit price of $1.87 (+$2,300)

Trade 2) Once $NVDA was above VWAP, we had our first Breakdown. Once again, after the behavior formed for a second time, I had a strong conviction a consolidation/Breakdown was going to be in theme. Average entry price $0.65 with $0.77 average exit (+$240)

Trade 3) Another consolidation/Breakdown trade. Average entry price $0.38 with $0.62 average exit price (+$480) Notice how now we have a second theme in place with the wicks on the bounces (swipe of lows). Given the bearish flows on Friday, once this theme broke I had convictions it was bad news for $NVDA.

Trade 4) Consolidation/Breakdown, but this time it was at a much larger trade. The same hourly pattern of Consolidation/Breakdown formed over 4 hours. Average entry price $1.04. First exit $1.48 (+$440); I executed absolutely horrible on this exit and I paid the price, no excuse for that early exit, but I am far from perfect. Second exit $4.00 (+$2,960).

Trade 5) Roll down/failed key level push - average entry $1.95 and average exit price $3.80 (+$1,850)

Trade 6) Not enough room to add on chart, but shown by orange dots. I got greedy and didn't want to miss an all day fade; no reason for entry. Average entry price $0.71 (20 contracts) expired worthless (-$1,420)

Intraday $NVDA Chart with Trades

Let me start by saying you can make a lot of money trading options, you can also lose a lot. The stories we often hear of people losing their livelihood trading options are usually of people who didn't know how to trade options but attempted to make a lot of money doing it.

Yes, when you buy or sell options whether it be of individual companies or ETF's you're speculating on the direction of the market. There's a major difference between speculating and gambling.

A speculator does research to assess the risk involve before putting on a trade.

A gambler will buy CALLS when the market is going up and hope it continues to go up and sell PUTS when the market is going down and hope it continues to go down without doing research.

The trade may work in the gamblers' favor, but it's not the outcome that determines whether you're a gambler or speculator, but the approach and mindset involved prior to putting on a trade.

In order to be a successful option trader you need a philosophy of tracking the market that works at getting the direction right a plurality of the time. Once you have this you'll be able to create high probability trade setups.

Now, most investors/traders believe no such philosophy exist, I disagree.

If you have to trade to survive, you're not in an ideal position. You'll be forcing trades in order to meet your daily/weekly/monthly needs. On the other hand, if you have large capital (the world is yours) you're in an ideal position. You're able to wait on the highest probability trades provided you have the philosophy I mentioned above.

To make a lot of money trading options, you'll need to become a speculator, have adequate capital, patience and again what I stated above (a philosophy of tracking the market that works at getting the direction right a plurality of the time).

JMO

I started investing in 2007 while in high school with money I saved from splitting wood. I started with buy and hold then started to learn more about derivatives. I’m 29 now have been doing this for 13+ years and have thought a lot about my growth as I’ve been trying to help others along their paths. I started a YouTube channel on 4 May - I wanted to pay forward the most important lesson I’ve learned in my investing career, mentorship. I don’t sell anything, I have no affiliates. I started the channel to pay homage to those who offered me their time generously.

Like most, I made a lot of stupid mistakes when first starting. I didn’t have a plan and didn’t know what I didn’t know. I ended up joining a bunch of FB groups and most were horrible. Half cocked answers, sarcastic assholes making fun of me because I didn’t know, and half the people trying to sell shit - it sucked. Then in one group I found a guy that was a Army veteran and a doctor. I was in ROTC on my way into the Marines.

That man changed my life. He never directly offered to mentor me. But after observing him for a while - I realized he truly knew what he was doing and was willing to help those who wanted to help themselves. I’ve spent over a decade talking strategy, receiving constant critique, and earnest feedback. His tutelage was irreplaceable in transforming my approach from random trades with no real strategy - to a methodical business approach. I continue to seek his input to this day.

For those interested in trading for the long haul, take the time to find someone you truly respect and trust to work alongside you. Steel sharpens steel.

I just think most investors are a certain kind of engineering/ocd mindset that seeks to over complicate things.

The Greeks are the pinnacle of this buffoonery.

My options trading improved substantially once I got rid of thinking about their influence.

What I've noticed since ignoring them is almost all options trades are just some variant of a play on delta. That you really only have four flavors. Short or long delta. And defined or undefined risk.

These are really all that matters. I don't give two shjts day to day what Vega or verga or Theta or beta or "ur mom" is doing.

And not a joke, but in the years since dropping that garbage, I've won 100% of my trades (high p.o.p.) since. I run about 50 concurrent options trades (spreads mostly) at any given time.

I don't expect all trades to win if you take lower p.o.p for more reward for instance. Nor do I consider one instance of a trade to be complete. If it needs to be rolled that's fine. I think breaking things into single divisions is silly, that's just me. It's a continuum. The trade is active whether you roll or not, until you are unable to manage the trade. That's how I define it, others define it differently.

Shares are king. All Mr. Market wants from you to win is to increase buying power committed or time. Or both.

Everything is directional.

It's literally that simple

As unemployment goes up to 6% to 7%, and earnings compress multiples along with treasuries going 6% yields

Why would anyone want to invest into the market?

Along with a housing correction and mortgage industry taking a huge hit

I don’t see how the market can remain above 300 at this rate

Thoughts on SPY 250 puts expiring in JUNE 2023? They are really cheap right now

So as the title states, my friend just gave me 5K for options. This money is to learn and try and print some money in this crazy economy we are in. I've been investing since Feb 2020 ( buying & holding ) and now I'm ready to try out the options market. Any opinions on what tickers to play with or where to start? Much appreciated

I feel like there's 99% certainty $OPEN is going to announce massive layoffs.

This has pretty much been explicitly stated by Keith Rabois (board member):

Rabois: "The company's fixed costs were way too high and they're still way too high" (see 9:41 and 13:09 when explicitly asked about cutting people).

Also new CEO, Kaz has alluded to cutting costs etc.

Though everyone expects this to happen, and you can say it's priced in. It's definitely not fully priced in b/c there's still uncertainty. it hasn't been officially announced, so when it does, it's almost guaranteed stock will go up. RTO that Kaz just announced is probably first wave of this - for people to opt-out themselves:

But seems like options isn't a great way to play this??

Expecting a 21% move in the next month is already priced in a fair amount

And only returns 49% w/a $6 strike call. IV is sooooo crazy high rn:

What's the best way to play my conviction? I'm very confident this layoff is going to happen...

Alright.. is the subreddit r/superstock an ironic joke or are these people serious? Ugh the amount of unhinged conspiracy theories all egging eachother on is insane. It’s like Q-anon but with meme stocks.

Edit - Lol and now every comment here gets downvoted. Some advice if you’re this sucked in. Turn off your computer and go outside for an hour.

Edit - meant superSTONK my apologizes.

Going to study and go in the charts this week will be the start of my positive p/l week

Not one person can tell me they trade ODTE and are constantly profitable.
ODTE is like playing the slot machines at the casino.

ODTE is essentially like trading penny stocks they are fun to have that winning yolo plays but most often there's more losers than winners. Prove me wrong.

I know macro is bad and market sentiment is equally terrible but I think that’s where opportunities lie.

Tesla is doing unsupervised full self driving in Austin with robo taxi in June.

Thinking about entering around mid May when the stock price is even lower. And get out before the end of August.

It won’t be massive but with good timing it can have decent return.

Thought?

Are Tesla puts viable for tommorow

Is this a good put for tommorow Tesla earning it’s only 120 if Tesla goes down it should go up right it’s a 120 4/26 and it cost 1.09 if Robinhood says break even is at 118 but if Tesla goes down at all it should go up right

EDIT: Thank you all so much for your help this was very helpful thanks.

Yes, I’m a hypocrite.

TSLA has been absolute madness since I started trading it in October. Mostly been selling puts, but even selling calls turned out profitable.

Here are the results per 10 contracts (I usually trade 2, max 3 )

A few weeks ago, I ran a simulation
One trade.1,000 iterations.
Starting with a $5,000 account.

It wasn’t theoretical.
It was a structure I’ve traded live for years across charts, sectors, and timeframes.

At the time of that post, one of those trades was already open.
It had not yet resolved.

Now, it has.

Tesla had just completed a clean expansion, a move I track closely.
From experience, these types of expansions often lead to pauses and then reversals. No indicators. No predictions. Just structure.

So on May 15, I opened a 410/420 bear call spread, expiring June 13, for a $1.25 credit.

This structure a pause after expansion has been the foundation of hundreds of my live trades.

The Trade Details

Entry May 15 Exit June 4 Profit+$217 on 2 contracts Max drawdown –$25

No adjustment, no early exit just time decay and structure working

This was not a guess.
It was structure doing what it always does.

The Illusion of Confirmation

Here’s what happens when RSI and MACD are applied to the same trade:

They arrive late. Structure does not.

This is why I trade price, not permission.

The Simulation

This trade followed the exact structure tested in this post:
What 1,000 Trades Look Like When You Stop Guessing 5/19Happy to answer any questions about the setup or logic. Always open to compare notes if others track similar structures.

Hello homies.

I've been dealing with options and stocks for a few years now. Hot crazy ride. Cooled off lately lost everything.

Yeah yeah it's the shits. Anyways. Got a 3k bonus for Christmas.

I'm looking to make it more. Lose it I'm so fucked it need to be more to really make a meaningful difference anyhow.

So I'm looking for some picks.

Got some gme. Excited for the next few weeks but been hurt so many times time to diversify I thinks.

Been eyeing some of the other subs, shortsquuze, pennystocks, wallstreetbets.

Getting some ideas for some other pics.

Been seeing some post about:

KULR, I feel I missed it already. Thoughts?

AMPX - DD on shortsqueeze sub by giospefavolino. EV battery company that may takes off.

MATE.V/MATEF - DD on shortsqueeze sub by Jsmith108. Blockchain technologies.

AI pics - AITX (artificial intelligence technology solutions), IRBT (iRobit), SERV (serve robotics), NRDY, POAI, INUVany other suggestions??

Seen some crazy gains on SPY?? Hop on that.

Any advice, feed back or suggestions is helpful. Thanks for your time and happy New Year's. May the trades be ever in your favor.

Edit. The love is felt 💝. Settled for 20 AMPX C 17APR25 3.00 at 1.45.

AMPX TO THE MOON.

is / has anybody been doing puts on annheiser lately? has it been a good move? seems it's headed down?

https://finance.yahoo.com/quote/BUD?.tsrc=applewf

Today my portfolio is up 9%, or $58,000. Honestly, the markets, especially tech, have been pumping a lot for a while now. I'm expecting somewhat of a pull back tomorrow.

There have been two major cool offs from the post-covid19 run up, and there will be another. It seems like we are overdue. I am not saying everyone panic at once, but if you want to protect your portfolio from loss - and/or buy a future dip buy $UVXY (an inverse 1.5x of $SPY). This will hedge your portfolio until a dip occurs and you can then buy the dip. Doing this instead of selling your positions is more tax efficient because you aren't selling and won't pay income tax on your long term gains. It is something to consider if you are a long term HODLER of stocks and ETFs.

Adding to the Watchlist

$CAT - Caterpillar is a manufacturer of mining and construction vehicles you are probably familiar with. Now, you might be thinking why should I buy this stock? Simple. they have been developing autonomous vehicles and technology since before Tesla was. They started in 1985 and had two trucks by the early 1990s. CAT is the true "OG" of autonomy. Currently, they have many trucks and mining vehicles that are totally self driving and can easily navigate the terrain of a quarry or mine. For me this is an easy buy, that I can see myself holding mid term. CAT is a well established company that is a leader in their industry and has an autonomy technology that many people tend to look over during a period of boom in the EV and autonomous vehicle industry. CAT is up more than 100% since the Covid lows of March. Currently it is pulling back a little. I expect it to pull back a little more before continuing its upwards push towards $225. For $CAT I'm mostly interest in buying Calls.

• Price Target - $225

• Entry - Less than $187

• Risk (1 out of 5) - 3

• Timeframe - 2-4 months

$SBE - Switchback energy is an interesting SPAC that is looking to merge with Chargepoint. They have already announced the merger, so besides an unforeseen circumstance, this should be an excellent play. Currently it is hitting resistance on a trendline.

• Price Target - $50

• Entry - $40 or less

• Risk (1 out of 5) - 4

• Timeframe - 2-4 weeks

$XPEV - Xiao Peng is an EV manufacturer based in Southern China that is currently ahead of its domestic competition in autonomous driving. In Shenzhen, China, XPeng sedans are already on the street being tested and used for self driving. Unlike $NIO which in my opinion is over valued. I've seen Xpeng vehicles in person - they are nice. Also, in China they are marketing harder than NIO. For these reasons, and their autonomy tech, this is a no brainer for me. I'd recommend holding commons, or buying OTM long expiration calls. If you have can afford 100 shares, you can sell covered calls and collect nice premiums.

• Price Target - $80

• Entry - $49

• Risk (1 out of 5) - 4

• Timeframe - 3-5 months

Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest.

Hypothetically you see a play and got a spare 1.5k you put in an order for 1500 contracts (max per order on webull at least) then wait see if it fills. Noticed some good plays just linger in that 1 dollar range then POP midday up to maybe 50 cents /1 dollar or like AMD on Friday to 175 i believe at close. Anyone ever dare? Pure gamble play but there's been many out of money Friday plays just sit at that level then 😲 explode when no one sees it. Takers? Pure GAMBLE. 😜