Palantir REBOUNDS, Last Chance TO BUY NVDA!

Author

Ryan Hildreth
January 15, 2025

In partnership with

Hey Options Trader,

The market made quite a rebound today (as predicted). Some individual stocks saw more green then others. Nvidia surprisingly did not rebound as big as I thought it would, but it’s priming up for the big move.

Here’s what we are covering today:

  1. $QQQ and $VIX - Why did the market rebound today?

  2. $PLTR - Strong rebound, I changed my position today

  3. $TSLA - Opportunity Zone

  4. $NVDA - Last Chance To Buy, My Price Targets

$QQQ and $VIX - Why did the market rebound today?

$QQQ breached the lower bollinger band for 2 days in a row which was a pretty rare statistical occurrence. Of course today it reverted back to the average price roughly around the middle bollinger band. The RSI also made a crossover today which is pretty bullish.

The reason behind this is because the CPI (consumer price index) inflation report came it at 3.2% vs. 3.3% as expected (see chart below). This means goods and services are coming closer to the Federal Reserve’s 2% inflation target.

If you wanted to get long additional stocks, this would be a good zone to do it. The VIX is hovering around $16 which indicates slight fear but I believe its headed back down to $12.

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$PLTR - Strong Rebound. I changed my position.

Palantir had a 4% bounce today. I sold some more Cash Secured Puts at the $60 strike for mid February. Im comfortable owning at that price worst case scenario.

I closed out 7 out of my 15 LEAPS as this downturn made me realize

"STICK TO THE BREAD AND BUTTER STRATEGY….COLLECTING INCOME FROM THE WHEEL”

I feel much more comfortable holding 8 LEAPS call options now while collecting income on 10 Cash Secured Puts. Thats the perfect balance of income and potential huge upside profit.

I believe we retest all time highs of $84 if earnings are positive on Feb 3rd.

$TSLA - Opportunity Zones

Tesla looked the strongest out of the MAG 7 this week. Perfect time to sell the $390 puts for income 30 days out. If I had more cash on the side, I would.

Currently still have my $380 puts collecting $3200 for Jan 31.

$NVDA - Last Chance To Buy. My Price Targets!

See you on Friday!

-Ryan