Rocket010923   Rocket Equities & Options Report By Tommy O’Brien January 9th, 2023   The markets are continuing to accelerate higher following Friday’s jobs number. We are going short this market. The SPY is nearing the $394 price point, which is near the .618 of the move lower since December 14th. We are going to purchase a put spread below the market, going out a couple months to March 17th expiration. The expected move in either direction for the SPY March 17th options right now is about $30.83, which is about a 7.85% move in either direction over the next...

  Rocket Equities & Options Report By Tommy O’Brien December 19, 2022   This market is down almost another 2% just since the update I posted on Thursday. It’s not going to be a one-way trip, but it’s tough to find a reason to buy anything right now at this price level as we come into light holiday trading and the potential for irrational swings with fewer market participants than usual.   We have the 10 Year trading to lower price, bouncing off the upper boundary line, indicating higher rates coming at us if this is a rejection of that...

  Rocket Equities & Options Report By Tommy O’Brien December 15, 2022   This market looks like it is on its way to 3,200 sometime early to middle of next year. This is the third time this year that tthe market has bounced to about a .618 area before rolling over to a much more dramatic shift to the downside. Here you see the .618 retracements of each bounce higher within a bear market this year. This time looks to be no different. I would make sure you have some cash free if we do head lower over the next 3-6...

WSM came out with decent numbers but they will not be updating their guidance because of uncertainty going forward and sold off nicely. We will let this position expire for a max profit of about $3.00 per contract pair, as we just need WSM to close below $135 today. NVDA has traded lower as this market has deteriorated in the first 35 minutes of trading. Place an order to sell our NVDA $155-$145 put spread at $3.30. We will need some further negative action to get executed. This contract expires today so we will look to move it out before...