More free options ideas for #TheStrat short-term swings into end of year
Tuesday, December 7, 2021
Some additrional ideas for possible swings into the end of the year (eyeing on at least 12/17 or 12/31), but be careful there might be some profit taking tomorrow.
Select the options strikes that you might find affordable and go not to far OTM. I wrote my targets below as well as have a look on the charts for possible targets. If you want to go longer out, 1/21 would safe play here.
$IWM Calls > 226.75
Don’t underestimate the small caps, IWM looks ready for another run. The 2-2u Bullish Reversal weekly above 226.75 is an entry for a call for me with the next target at 235.75 and even 240.76 if market is strong. But I don’t expect this to happen next week. So I have an eye on the 12/23 230c or 235c here.
$TTD Calls > 100.00
Above 100 this week I see a target of 105.85 possible for next week. The 105.85 also means that the month switches green and 114.09 would be the next target.
$NVDA Calls > 332.50
I selected this level because it turns the month green (technical it’s 332.19) and then we target the 346.47 ATH for $NVDA. Also seeing an outside week because we’re currently above the 50% from last week which is 317.71 with a target of 334.12. So expect that the 332.50 will be taken that week.