Hey Options Trader,

We have a big week ahead of us that could provide some opportunity to get into your favorite stocks. This also could be the big dip we have been waiting for prior to elections or it could turn out to be a nice continuation of this upward drift we have been seeing.

Here’s what we are covering:

1. Earnings Calendar and which companies i’m keeping an eye on

2. My FAVORITE technical indicator

3. My Apple $AAPL position expires day after earnings, what i’m doing

4. Elections data

Earnings Calendar

As you can see, Tuesday will be a very important day for the Artificial Intelligence sector. One of the largest Nvidia competitors, AMD, is reporting on Tuesday so that could set precedence for the continuation of the Ai rally.

Alphabet $GOOGL will also be reporting and there is a major opportunity to sell some closer to the money puts (40 delta) to collect premium. I have the 155 puts and the 160 puts as i’m not worried about potentially getting assigned Google stock.

I believe Google is currently undervalued and has room to recover to $200 per share.

We’ll talk about Thursday’s dilemma later in the newsletter with Apple earnings coming out and my 6 cash secured puts (equating to $120,000+) pretty close to where apple is trading.

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My Favorite Indicator

These bad boys right here (the red and green line at the top and bottom of the stock candlesticks) are called Bollinger Bands!

These are one of the only technical indicators I use because they show Statistically Significant data points, two standard deviation lines.

…meaning the stock has a 95% chance of staying within the red and green lines. The middle blue line is the average price.

You can see how almost every time the stock popped outside of the red and green lines, it quickly reversed the other way.

I use this indicator to determine fair prices to get into my favorite stocks!

NVDA is getting closer to an average price, but still on the higher end of the bollinger bands. With this info, I would just sell puts at a strike price closer to the bottom bollinger band around $132.

Apple Earnings $AAPL

Apple earnings come out Thursday. If you currently have position on AAPL like myself you should definitely ask yourself the question…Do I still believe in the future growth of Apple? and what would make me think they are still going to continue growth?

For me, I think Apple has a lot of room to grow, especially with their rollout of “Apple Intelligence” coming later this year. This has already started a new cycle of people upgrading their phones and devices, which I believe will help them hit solid earnings numbers on Thursday.

My dilemma is that I sold 6 cash secured puts at $225 that expire the day after earnings. Out of the $2000 collected, there is still $800 left of premium. If the market makers don’t suck out that premium by Wednesday the 30th, I may close this position and sell the $220’s that expire at the end of November to mitigate earnings risk.

I haven’t decided yet, but I will update you on Wednesday’s newsletter.

Elections Data

Polymarket, which is a betting market, has increased Donald Trump’s odds of winning this election. Here’s one thing he announced on Joe Rogan’s podcast that will be good for the markets if implemented….

He announced he would get rid of income taxes by covering those expenses with higher tariffs on imported goods.

While I don’t know how specific industries may benefit or suffer because of these plans, I do know that us humans tend to spend more when we make more.

More income because of zero taxes = more discretionary spending = better earnings for technology sectors, consumer discretionary, and retail.

We’ll see what happens! But until then, keep learning, implementing and practicing your trades.

-Ryan