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Hey Options Trader,

Here’s the breakdown of exactly what we are talking about today so you can skip to your favorite parts:

1. What is the S&P500 ($SPX) doing and are we going to $6000 by end of year?

2. My TWO TOP Options Plays.

3. What to expect next week with the markets.

4. My first livestream event.

$SPX Direction

This week was a wonderful week for the markets. The S&P 500 pushed up into new all time highs with no signs of slowing down.

The weird part is VIX (S&P 500 Volatility Index) is still elevated…meaning there is still a decent amount of fear in the market.

If you backtest the past 20 years…SPX has only made a new all time high with VIX at 20 or above, 2% of the time so this is rare.

I definitely think market makers are keeping volatility high for the elections and my prediction is we see VIX trend all the way down to 12 by December 31st. This means SPX should hit $6000 by end of year.

Either way we will make money if that happens or if it doesn’t. But I am trading a little more aggressively because of my Bullish bias.

VIX chillin around 20…

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My Top Options Picks!

First up is one of my favorite companies $NVDA! I do expect it to bust through all time highs as the overall market trends upwards. If we manage to get that move sometime after the Nov. 5th election, I expect Nvidia to head all the way up to $160.

With this in mind, I rolled up my 115 Strike Puts to the 125 Strike in hopes of getting a mini pullback and getting assigned the shares. This is the first time I sold above 30 Delta puts on Nvidia. That’s how much, I believe in the company!

My number #2 pick is $AAPL!

This stock has been coiling up for quite a while and is flirting with all time highs. With the “Apple Intelligence” AI rollout coming by end of year, I expect everyone to start upgrading their phones as only the iphone 15 pro, pro max, and newer will be able to use the new artificial intelligence capabilities. This should cause a dramatic surge in revenue as people upgrade their phones.

I did also roll up my 220 puts to the 225 strike in hopes of getting assigned on any pullback by November 1st expiration. If not, I will continue to sell puts at 30-40 delta.

Next week events

-Jobless claims Thursday, 24th.

JOIN MY LIVESTREAM!

I will be hosting my first ever livestream on Tuesday (22nd) @ 8am, which I will be including a link to in Monday’s email. The event will be laid back. I will be answering questions, talking markets, reviewing stocks that I like and teaching about volatility.

I hope to see you there!

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-Ryan