Nothing beats selling doubles on a Friday. We got 3 today.
Last Thursday, we put a handful of new trades on in NKE, HIMS, and two uranium stocks.
The uranium names got buried with the AI selloff earlier this week. They are clawing back some of the losses the past few sessions and these setups are still very much in play. We bought a little extra time as they are longer timeframe patterns.
As for Nike, it doubled yesterday. I just closed ½ and am letting the rest ride risk-free. If they go to zero I will still make a small profit on the trade.
NKE reports earnings the day before these calls expire in March. With almost two months and a potential catalyst, we’re sitting pretty in these right now.
Next is HIMS where we are in February and March calls. They both doubled today as well.
Here’s what I said about the setup last week:
“We are going to game this roll a little bit and hold onto our existing calls for now. I think we’re coming out of this coil and can get more for them soon. In the meantime, let's position in new calls that give us a better shot of winning big. I plan to sell my February calls on a move back to the December highs. I think it is underway now.”
We just got that move and both the February calls and March calls have doubled today.
Here’s the updated chart with target levels:
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