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Hey Options Trader,

All eyes on Tesla $TSLA yesterday! That was the biggest move i’ve seen on a large cap stock in quite a while. Up 20% with positive earnings. People who were bearish on the stock got absolutely CRUSHED!

Today i’m going to go over a few things you’ll want to keep in mind for next week:

1. VIX levels - why is their still so much fear but we are moving higher

2. NVDA - my current position and risks involved coming into earnings

3. QQQ - Where the overall market is headed

VIX (S&P 500 Fear Index)

The vix is still glued to the 18-20 range, yet the market keeps pushing higher. Why is that?

Well, my take is the election uncertainties are still being priced into the market. People are fearful of what may happen if either person gets elected.

I think either way the market will be pushed higher, with either candidate. Kamala will push the market higher with increasing the US deficit by spending on new aid for other countries and new health programs, therefore increasing liquidity in the markets. Trump will lower taxes for citizens and businesses which will increase spending and market participation.

I am very bullish going into election and I see the VIX heading down all the way to previous lows of 10-12. If that happens SPX will hit $6000 by end of year.

The NEXT Trillion Dollar Company?

This company just signed a MASSIVE deal with Apple.

It gets their AI tech in Apple’s iPhones and iMacs until 2040!

But it goes beyond that.

The company is getting its tech into products by Nvidia, Google, and Samsung too.

Its AI tech is so crucial…

Nvidia is actually buying up the stock too.

They’ve invested more in this one company than any other… nearly $150 million.

Is this stock the next Nvidia… which has gone up 81,700% over the last 20 years?

Watch this breakdown of this stock right here.

NVDA

Nvidia darling, please don’t get away from me!

That she has done and I believe most of the rally will be into earnings on November 20th. Do I see $160 coming? most likely!

I had the November 1 125 Puts which there was no way I was going to be assigned on so I took my profit and opened a new position. Cash secured puts at 135. I collected $555 per contract and they expire in 35 days! Not bad!

QQQ

The Nasdaq is flirting with all time highs and I believe it is primed to breakout. We are headed to the top end of the RSI (relative strength indicator) as seen on the bottom of the image in purple. Once fear in the market subsides, there is no other way but up.

I had a position that expired in 22 days but decided to collect 40% of the premium and open up a new position that expires in 35 days to collect $860 per contract.

Old positions - Nov 15 480 Puts

New position - Nov 29th 490 puts

New Palantir Update Video

See you next week on Monday!

-Ryan