BY ANDREW GIOVINAZZI
January 30, 2024
Yo Pit Crazies,
Before I jump into Carmax Inc. (Ticker: KMX), Super Micro Computer, Inc (Ticker: SMCI) is getting close to doubling its stock price into and past earnings. AI is alive and well and it bodes well for the big tech earnings coming this week.
Tech Earnings will be exciting this week. I created trades in OP Mentoring around the activity which I should close by Friday. Below is KMX. There are a few things to note on it, one of which is we featured it on The Ticker Show.
3 month chart of KMX with 30, 60, 90 day implied volatility
The Ticker Show is about trade selection. So how do you select a trade?
Setting up trades is practice with a purpose
Getting a fundamental opinion, looking at charts for levels, understanding the volatility picture and then putting it all together for a trade. Then traders have to manage the trade.
Every option trade needs an opinion and an edge. The Option Pit Crew can teach you how to find an edge, set up a trade and then manage the trade once it is in lights. That is once the trade is on, a plan has to start in motion. We are doing that in The Ticker Show every week.
To Your Trading Success,
AG
Andrew Giovinazzi
30-Year Trading Pro
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain