Buying a put spread looking for NVDA to trade lower for earnings. NVDA is trading about $159.75. We are buying a $155-$145 put spread for about $2.50. Risking $2.50 to make $7.50 if it trades lower.  Buy the $155 Put Expiring Nov 18th Sell the $145 Put. Expiring Nov 18th This results in a net debit (cost) of about $2.50. This is an out of the money option trade so keep your risk in place as it is a low probability trade by nature.   

Rocket111622   Rocket Equities & Options Report By Tommy O’Brien November 16, 2022   TGT is down 11.71% right now, yet has rebounded from the opening price of $149.85 to now trade at about $158 – still down almost $21 on the session. WMT beat for their numbers earlier in the week, helped by their grocery numbers. TGT saw discretionary spending changes that hurt their numbers and will weigh on their top and bottom line into next year. Retail sales this morning were up 1.3% (the biggest number in 8 months) vs. 1.0% expected. Excluding gasoline and autos, retail sales...

Rocket103122 Rocket Equities & Options Report By Tommy O’Brien October 31, 2022 We come into a big week of earnings and economic data this week. We have a FOMC announcement Wednesday at 2pm ET with a press conference to follow. The market seems pretty sure the Fed will hike by 75 basis points as they have indicated. Any discussion of what they will do next is what the market will be paying most attention to. Does Powell indicate any inclination to scale back the size of the rate hikes to 50 or 25? The market will be listening closely to...

Wait for the market to open for a couple minutes and then close out the SPY butterfly. Something just happened coming into 9am that sent the dollar lower and pushed the SPY higher. Our max profit area is $360-$358 and the SPY is at about $365. We are risking too much vs. the possible reward left over with these options expiring today, especially if we have some type of news, or intervention going on today that could prop up the markets. Sell our position on the open.