Palantir New All Time Highs AGAIN! Tesla Tanking...Price Prediction

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Hey Options Trader,

Nvidia had a comeback today and Palantir seems to be leading the AI stock race. Tesla struggling as more volatility may be ahead of us. The CPI (consumer price index) inflation report comes out Wednesday which could rattle the markets if inflation doesn’t meet expectations. I will be updating you in Wednesdays email with where we are headed.

Here’s what we are covering:

1. QQQ and VIX - Market Direction

2. NVDA - Bouncing Back, What Price Before Earnings

3. TSLA - How Low Will It Go?

4. Palantir New All Time Highs - My Strategy

QQQ and VIX - Market Direction

Today was a win for the bulls. As much as the market wants to head downwards, there are buyers keeping it afloat. Once the CPI data is released on Wednesday, I believe that will give us clear conviction of where we are headed.

The only other news that could bring us down is Tariffs. Mexico and Canada tariffs are paused but not completely eradicated. March 6th will be the day that they resume if certain deals aren’t met.

With VIX sitting at $15, I’m keeping some cash ready to buy LEAPS if we get the dip i’ve been waiting for on QQQ. $515 or below and im entering my LEAPS position again.

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Nvidia Bouncing Back - Price Before Earnings

Nvidia had plenty of buyers stepping back in during the last few trading session. We broke the $130 level today and the next stop will be $142. I think we will hit that prior to the earnings on February 26th.

For now LEAPS and Cash Secured Puts are safe. $120-$125 strike for cash secured puts and 70 Delta Leaps on any red day would be a decent entry.

Tesla - How Low Will It Go?

Tesla has taken quite the beating. I believe the $330 cash secured puts are a safe entry right here as well as some $300 LEAPS. We have broken the bottom bollinger band several days in a row and are approaching completely oversold on the RSI.

Any positive news on partnerships for the Tesla Full Self Driving licensing will be a major catalyst. Also the Tesla Robotaxi launching in June will be huge as well.

I currently have the $365 puts that are in the money, but I plan on getting assigned if we hold these levels.

Palantir New All Time Highs - My Strategy

See you Wednesday!

-Ryan