That’s a wrap on the first week of September!
We locked in a +100% gain by selling our December 250 calls on $GOOGL as the monthly squeeze fired long, while still holding October call debit spreads in $AMZN and $TSLA.
For the $QQQ daily squeeze, we’re waiting on a positive momentum shift before taking a long entry.
Meanwhile, $NVDA remains a concern for bulls as long as price stays below the daily 50 SMA.
Check out this week’s rankings:
I’ll touch base again on Monday to share more thoughts, rankings, and potential trade ideas!
Stay Focused,
Taylor Horton