$TVIX$ $UVIX$ By Lawrence G. McMillan The market bounced back from its brief correction in early June, but $SPX has not yet recovered to new all-time highs. As a result, the $SPX chart itself is in a neutral state right now bound by resistance at 7600 (the all-time highs) and support at 7257 (last week's lows), with further support in the 7050-7175 range from late April. There was a gap on the $SPX chart that was filled yesterday, so it is no longer relevant. Many of our indicators are taking on a more positive tone, but not the equity-only put-call ratios which continue to rise. That is a bearish signal for the stock market when these ratios are trending higher. It seems that traders are buyin
By Lawrence G. McMillan In all, the correction from the early June highs to the lows of this week was about 5%. That was enough to at least temporarily remove the "bullish" designation from the $SPX chart. The Index has now fallen below its 20-day moving average, and there is resistance in the 7500-7520 area. A rise back above that area might be enough to restore the bullish scenario, but for the now the index is in a short-term negative trend. There is support at this week's lows, 7237. Furthermore, there is a stronger support area in the 7050-7175 range, where $SPX traded in the latter half of April. Finally, there is major support at 7000, which had been resistance all during January and February. A decline below 7000 would be very negative for the chart and for stocks in general. Equit
TRADE PLAN for LOTTO Friday 📈 $S&P 500(.SPX)$ wow what a day.. We got Iran news and SPX ran 140+ points fast. SPX above 7400 can set up for a push to 7500 again. SPX June 12 7440C is best above 7400 $Micron Technology(MU)$ looks ready for the 1000 test. MU through 1000 can run to 1100. $SanDisk Corp.(SNDK)$ printed a new ATH today.. 2000 coming. MU June 12 1040C is best above 980 $Invesco QQQ(QQQ)$ dropped to 695 at the lows and ran to 714+ today. If QQQ hold above 708 tomorrow we can see a push back to 722 QQQ June 12 722C is best above 715 Good luck tmrw
🎯 $Pinterest, Inc.(PINS) Options Strategy: Bull Put Spread (Credit Spread)
$Pinterest, Inc.(PINS)$ - Underlying: PINS - View: Cautiously Bullish / Expecting consolidation above support before a move higher. Aim to capitalize on elevated IV and positive theta decay. - Strategy Type: Credit Spread / Defined Risk - Option Contract Portfolio: - Sell 1 PINS 2026-06-18 $20.00 Put @ $0.18 (Mid Price) - Buy 1 PINS 2026-06-18 $19.00 Put @ $0.075 (Mid Price) - Max Gain & Loss: Max Gain = Net Credit = $0.105 per spread. Max Loss = (Strike Difference - Net Credit) = $0.895 per spread. - Initial Cost/Credit: Net Credit of $0.105 per share ($10.5 per spread).
🎯 $Intuit Inc. (INTU) Options Strategy: Bull Call Spread
$Intuit(INTU)$ - Underlying: INTU - View: Cautiously optimistic for a short-term oversold bounce, expecting consolidation in the $295-$310 range with a potential test of the $306-$310 resistance zone. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1x INTU 9 JUN 2026 $300.00 Call @ ~$14.55 (mid) - Sell 1x INTU 9 JUN 2026 $310.00 Call @ ~$5.95 (mid) - Max Gain & Loss: Max Gain = $540 (Width of Spread - Net Debit). Max Loss = $460 (Net Debit Paid). - Initial Cost/Credit: Net Debit of ~$8.60 per spread.
🎯 $Western Digital(WDC) Options Strategy: Short Iron Condor
$Western Digital(WDC)$ - Underlying: WDC - View: Neutral/Range-Bound Consolidation. Expecting the stock to trade between key support ($519) and resistance ($553) over the next week. - Strategy Type: Credit Spread / Non-Directional / High Probability Income - Option Contract Portfolio: - Sell 1x WDC 2026-06-12 540 Call @ $15.53 (Mid Price) - Buy 1x WDC 2026-06-12 545 Call @ $13.40 (Mid Price) - Sell 1x WDC 2026-06-12 515 Put @ $26.15 (Mid Price) - Buy 1x WDC 2026-06-12 510 Put @ $21.90 (Mid Price) - Max Gain & Loss: Max Gain = Net Credit Received ($6.38). Max Loss = Width of Spreads ($5) - Net Credit ($6.38) = -$1.38 (Theoretical, due to high premium). - Initial Cost/Credit: Initial Net Credit of ~$6.38 per condor.
$Jumia Technologies AG(JMIA)$ - Underlying: JMIA - View: Cautiously optimistic for a short-term, oversold bounce. The primary target is a move towards the $8.73 resistance, but a failure to hold $6.72 support could lead to further downside. - Strategy Type: Bullish Debit Spread / Directional - Option Contract Portfolio: - Buy 1 JMIA 2026-06-18 $7.00 Call @ $0.35 (Mid) - Sell 1 JMIA 2026-06-18 $8.00 Call @ $0.075 (Mid) - Max Gain & Loss: Max Gain = $0.725 ($72.5 per spread). Max Loss = $0.275 ($27.5 per spread). - Initial Cost/Credit: Net Debit = $0.275 per spread.
🎯 $Advanced Micro Devices, Inc. (AMD) Options Strategy: Bull Put Spread (Credit Spread)
$Advanced Micro Devices(AMD)$ - Underlying: AMD - View: Cautiously Optimistic / Bullish Consolidation. We expect the stock to hold above a key support level, allowing us to profit from time decay and high IV. - Strategy Type: Bullish, Credit Spread, Volatility Selling - Option Contract Portfolio: - Sell 1 AMD Put @ $475 Strike (Exp: 2026-06-18) - Buy 1 AMD Put @ $465 Strike (Exp: 2026-06-18) - Max Gain & Loss: Max Gain = Net Credit Received ($1.50). Max Loss = ($475 - $465) - Net Credit = $8.50. - Initial Cost/Credit: Initial Credit of ~$1.50 per spread.
$TVIX$ $UVIX$ By Lawrence G. McMillan The market bounced back from its brief correction in early June, but $SPX has not yet recovered to new all-time highs. As a result, the $SPX chart itself is in a neutral state right now bound by resistance at 7600 (the all-time highs) and support at 7257 (last week's lows), with further support in the 7050-7175 range from late April. There was a gap on the $SPX chart that was filled yesterday, so it is no longer relevant. Many of our indicators are taking on a more positive tone, but not the equity-only put-call ratios which continue to rise. That is a bearish signal for the stock market when these ratios are trending higher. It seems that traders are buyin
$MVB.AU$ $CVB.AU$ $TVIX$ By Lawrence G. McMillan The S&P 500 Index ($SPX) has advanced on ten of the last eleven trading days. Needless to say, the Index chart has strong upward momentum. Media articles continue to focus on how overbought the market is, and how it’s certainly due for a correction. But “overbought does not mean sell.” Once again, we are reminded of John Maynard Keynes’ statement that the market can remain irrational for longer than you can remain solvent. That currently applies mostly to short sellers, but could also be directed towards under-invested institutions and those who have sold some stocks prematurely to raise cas
By Lawrence G. McMillan In all, the correction from the early June highs to the lows of this week was about 5%. That was enough to at least temporarily remove the "bullish" designation from the $SPX chart. The Index has now fallen below its 20-day moving average, and there is resistance in the 7500-7520 area. A rise back above that area might be enough to restore the bullish scenario, but for the now the index is in a short-term negative trend. There is support at this week's lows, 7237. Furthermore, there is a stronger support area in the 7050-7175 range, where $SPX traded in the latter half of April. Finally, there is major support at 7000, which had been resistance all during January and February. A decline below 7000 would be very negative for the chart and for stocks in general. Equit
The Last Time This Happened, 80% of Traders Blew Their Accounts
The Last Time This Happened, 80% of Traders Blew Their Accounts $S&P 500(.SPX)$ saw one of its biggest selloffs in months last week despite strong jobs numbers. On a macro scale, continued tensions in the Strait of Hormuz and supply chain issues from that uncertainty are still having sporadic, adverse effects on markets. It's still too soon to tell what will happen next, but I have a few scenarios that I want you to keep in mind (Scenario #3 will blow your account): Scenario #1: Bullish Continuation $S&P 500(.SPX)$ reclaims 7500 with a strong recovery from tech leading the charge. Bears who got overly excited get squeezed out and help push the market higher towards
1 $S&P 500(.SPX)$ TRADE PLAN 📈 📉 SPX bullish plan: SPX above 7500 | SPX June 10 7600C 📈 T: 7546, 7600 SL 7450 SPX bearish plan: SPX under 7400 | SPX June 10 7300P 📉 T: 7333, 7300 SL 7450 SPX dropped from 7620 to 7368 this past week. SPX had a sharp pull back this past Friday. It looks like SPX is starting its next consolidation period after a 9 week rally higher. SPX under 7333 can drop to 7271 next. It’s possible we see SPX back test 7000 before a bottom forms. I’d stay bearish under 7500 this upcoming week. 2 $SanDisk Corp.(SNDK)$ Trade Idea: June 12 1500P Trigger: 1662 📉 Targets: 1500, 1450 🎯 Stop: 1700 🛑 Dropped from 1861 to 1514 this past week. If SNDK fails to rec
The Last Time MP Broke A Base Like This, It Ran 500%
The Last Time $MP Materials Corp.(MP)$ Broke A Base Like This, It Ran 500% After a 500% run in 2025, $MP Materials Corp.(MP)$ has recovered from its nearly 60% drop from ATHs and is back near 74, a key level. $MP Materials Corp.(MP)$ spent the last 7 months consolidating and finally looks ready to break out and retest ATHs and beyond. Trade Ideas 🚀 $MP Materials Corp.(MP)$ above 74 Day Trade: 7/17 80C Swing Trade: 1/15/100C Growth Catalysts - Private-Public Partnership with the DoD: A massive $400M deal to establish a domestic rare earth magnet supply chain -
Hello everyone! Today i want to share some option strategies with you! 1 It seems like tutes are just cycling from one "AI" tech stock to the next in terms of liquidity pumps ... getting retail to chase and then taking their money and moving on to the next. $Marvell Technology(MRVL)$ ... case in point. And we had $Snowflake(SNOW)$$NEBIUS(NBIS)$and $Datadog(DDOG)$ along with a bunch of others. Who is next ??? Hopefully $SoFi Technologies Inc.(SOFI)$
TRADE PLAN for LOTTO Friday 📈 $S&P 500(.SPX)$ wow what a day.. We got Iran news and SPX ran 140+ points fast. SPX above 7400 can set up for a push to 7500 again. SPX June 12 7440C is best above 7400 $Micron Technology(MU)$ looks ready for the 1000 test. MU through 1000 can run to 1100. $SanDisk Corp.(SNDK)$ printed a new ATH today.. 2000 coming. MU June 12 1040C is best above 980 $Invesco QQQ(QQQ)$ dropped to 695 at the lows and ran to 714+ today. If QQQ hold above 708 tomorrow we can see a push back to 722 QQQ June 12 722C is best above 715 Good luck tmrw
Hello everyone! Today i want to share some option strategies with you! 1 The convergence of $Salesforce.com(CRM)$, personalization, and content has been accelerating for years. Bringing together Salesforce's Agentforce platform with Contentful's composable content capabilities has the potential to reshape how organizations deliver truly personalized AI-driven customer experiences at scale. 2 $GitLab, Inc.(GTLB)$ making 🚀 moves before earnings. Feels like its setting up for a dump, but who knows in this crazy market. Strong volume support around the 22 level. Might write puts at strikes in the 19-23 range, Jun 18 expiry. 3 Anyone buying
Hello everyone! Today i want to share some trading strategies with you! 1 $Microsoft(MSFT)$ Trade Idea: June 5 455C Trigger: 449 ✅ Targets: 456, 468 🎯 Stop: 441 🛑 MSFT closed at 450.24 on Friday. MSFT 476–489 is in play next if it can hold above 433 in June. Calls can work above 449 early this week. MSFT has been a laggard for many months. If it starts to rally, it can move back to 500 this summer. 2 $Oracle(ORCL)$ Trade Idea: June 5 230C Trigger: 225 ✅ Targets: 235, 247 🎯 Stop: 218 🛑 Closed at 225.78 on Friday. ORCL broke out above the 200 resistance and ran 26 points. ORCL to 260 possible on the next leg higher. ORCL has been stuck for 7+ months. Calls can work above 225
Hello everyone! Today i want to share some option strategies with you! 1 $Credo Technology Group Holding Ltd(CRDO)$ announces earnings on Monday this week. Got a big expected move at ~17%. Strong volume support at point-of-control down at 100. Recent bottom around 160. Volume shelf around 185. Will be writing cash-secured puts on this, probs targeting a strike in the 155-185 range. Am also looking at a 1x2 ratio spread, buying 1 call and writing 2 calls above that. 2 Seeing all this chatter on $Nokia Oyj(NOK)$ This weekend about insiders buying a ton of shares. We agree ... that's typically a good sign. Who is crazy enough to write deep ITM puts as a synthetic long call ?!?!
A headline crossed today: 25-year-old "Wall Street prodigy" Leopold Aschenbrenner disclosed his fund's holdings. As of March 31st, his reported put options were valued at approximately $8.459 billion — spanning SMH, NVDA, MU, AVGO, AMD, TSM, and others. 13F filings reflect actual holdings at quarter end. Closed positions don't appear. So this report wouldn't include weekly puts. But the list of names feels familiar — and brings me back to some massive put orders we saw in Q1: Israel-Iran conflict: risk fully priced?*100k weekly puts bet NVDA below 170* If you've been following, you'll remember the relentless wave of semiconductor put prints back in
TRADE PLAN for Tuesday 🔥 $S&P 500(.SPX)$ gapped up 50+ points, touched 7466 and faded back to 7400 intraday. If SPX gives up 7400 tomorrow we can see another 40-50 pt drop. SPX June 9th 7360P is best under 7400 $Micron Technology(MU)$ unless it can close above 960 on a daily candle, it can drop back to 900 again. MU under 900 can drop 50 more points. I'd wait for 960 for calls MU June 12 850P is best under 920 $Invesco QQQ(QQQ)$ all about 712 this week, if this level fails.. 700 can come quickly. QQQ needs a daily candle close above 722 to look more bullish. QQQ June 12 708P is best under 712. After the massive sel
🎯 $Western Digital(WDC) Options Strategy: Short Iron Condor
$Western Digital(WDC)$ - Underlying: WDC - View: Neutral/Range-Bound Consolidation. Expecting the stock to trade between key support ($519) and resistance ($553) over the next week. - Strategy Type: Credit Spread / Non-Directional / High Probability Income - Option Contract Portfolio: - Sell 1x WDC 2026-06-12 540 Call @ $15.53 (Mid Price) - Buy 1x WDC 2026-06-12 545 Call @ $13.40 (Mid Price) - Sell 1x WDC 2026-06-12 515 Put @ $26.15 (Mid Price) - Buy 1x WDC 2026-06-12 510 Put @ $21.90 (Mid Price) - Max Gain & Loss: Max Gain = Net Credit Received ($6.38). Max Loss = Width of Spreads ($5) - Net Credit ($6.38) = -$1.38 (Theoretical, due to high premium). - Initial Cost/Credit: Initial Net Credit of ~$6.38 per condor.
Hello everyone! Today i want to share some option strategies with you! 1 $Alphabet(GOOGL)$ filled that gap at 355 in pre-market today. That said, there's another gap down at 305. - Gonna write cash-secured puts at the 340 volume bar, June 18 expiry. - If Google drops below 340, then will write cash-secured puts at the 305 gap. The goal is to add to long position by DCAing in via CSPs if assigned. 2 Adding $Everspin Technologies Inc(MRAM)$ to this list now that its come back down and seems to finding a new base. Will write a bunch of cash-secured puts against it for entry at lower strikes. 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve select
$TVIX$ $UVIX$ By Lawrence G. McMillan This market is the epitome of our phrase, "overbought does not mean sell." It just keeps going higher, and now the rally has broadened enough so that the Dow ($DJX; DIA), NASDAQ-100 ($NDX; QQQ) and Russell 2000 ($RUT; IWM) are all doing the same. All of these indices, including $SPX, have made new all- time closing and intraday highs this week. $SPX has support at 7330 -- the lows from earlier this month. Below that there are various support areas: 7275, 7050-7175, and then a major support at 7000. Equity-only put-call ratios gave sell signals a week ago when they turned upward from very low levels on their charts. Those sell signals were confirmed by both