Hey Traders,

Happy Wednesday!

I am out the rest of the week.

I’ll be keeping an eye on trades to close and potentially open.  

The phrase for the week: this is an option buyers market.

We have GDP on Wednesday and PCE on Thursday … those could produce fireworks.

Speaking of option buying … 0DTE is back with a vengeance. We had a pretty nice month of February and are going for it again in March. If you missed out on Feb and want to join in March, click here or call my team 888 872 3301 to find out.

Here are the most interesting trades from Tuesday:

SoFi Technologies Inc (Ticker: SOFI): Tied to stock, a trader set up a risk reversal tied to stock. SOFI had a nice pop and this trade is actually bullish because of the stock. SOFI has been hot and could move higher.

Rivian Automotive Inc (Ticker: RIVN): Here’s a straight bull call buy in RIVN. The stock has been going straight down, but in this market traders are smart to play a rebound in crap stocks. We’ll see if this works.

Cameco Corp (Ticker: CCJ): This is a bull CCJ call spread. The trader paid .70 to be long the 43-45 call spread, a pay out of about 2 to one looking for the stock to make a move higher between now and April. Not a stretch.

Coupang Inc (Ticker: CPNG): Here’s a close and roll in CPNG. A trader that was right being long the 16 calls and rolled higher buying the 19 calls and slightly levering up. This trader has conviction here.  

Apple Inc (Ticker: AAPL): This is a straight call buy in AAPL. The company announced they were dropping EV and moving the resources to AI, and the stock popped. Well … it’s a well timed trade. AAPL looks like it wants to break out; it’s coiling.

Position updates:

GOOGL: New position.

PLTR: Near a close.

INTC: Continues to see bullish flow … this is my “AI” pick.

CCJ: Up some.

SPXH: Portfolio hedge.

OXY: We might close in the next day or two.

VRT: Almost a close on Tuesday.

LYFT: Close if below .30.

CCL: We might have to kill the trade soon.

TEVA: Up small.

PSEC: Down a touch.

VLY: We will close this trade this week.

VALE: Out of 60%.

VIAV: This has a couple of days then we cut bait.

ETRN: Down small.

SB: Breaking out.

Your Only Option,

Mark Sebastian