Weekly Wiretap Pick Of The Week MARA

MAX Trade Potential: 168%

My Trade Plan Details:

• MARA April 11 $12 puts around $.75 to $.80 area

• Stop: MARA Close above $15

• Target 1: $10
  
• Target 2: $9
  
• Target 3: $8
  

My Reasoning:

With Bitcoin already falling over 1% in the early morning hours, I think MARA puts makes a lot of sense to start this week. Honestly, looking back to December of 2024 when MARA was at $30, I don’t think we’ve made a higher low and higher high since then, so the trend here really is in my favor and the bloody markets I think will only help.

Weekly Wiretap Pick Of The Week CELH

MAX Trade Potential: 212%

My Trade Plan Details:

• CELH April 4 $34 calls around $1.00 to $1.10 area
  

• Stop: CELH closes below $28

• Target 1: $38s
  
• Target 2: $40
  
• Target 3: $43s
  

My Reasoning:

Well upside is the 200 weekly SMA at $38s and if broken the 50 weekly SMA is at $43s. If the markets push higher like I think we could then CELH is primed for me to show a move higher.

Weekly Wiretap Pick Of The Week SMCI

MAX Trade Potential: 12%

My Trade Plan Details:

• SMCI March 28 $43 calls around $2.30 to $2.50

• Stop: SMCI closes below $38

• Target 1: $45s
  
• Target 2: $48s
  
• Target 3: $50s
  

My Reasoning:

SMCI has been showing a strong base here since late February into early March and that base has been around $35 dollars but rising. Last week we broke above the 50 SMA around $37 and actually ran up to the 20 SMA at $45 level. I think if markets can find some strength early to mid week that $45 area could not only be a great target but a huge breakout for a possible run to the 200 SMA at $50 area. 

Weekly Wiretap Pick Of The Week GDX

MAX Trade Potential: 225%

My Trade Plan Details:

• GDX March 21 $41 calls around $1.30s to $1.40s

• Stop: GDX closes below $38

• Target 1: $43s
  
• Target 2: $45s
  
  

My Reasoning:

GDX has been trading in a nice flag pattern over the last 2-3 months here with a possible breakout on the topside around $42s then $44 area and if markets continue to push lower I think there is a outside shot of high $40s coming for GDX. 

My plan here is to use the market downside for a short term possible upside on GDX. I think if this trade works it could work in 1-3 days but I really don’t want to hold this much longer than that.

Weekly Wiretap Pick Of The Week RIOT

 Trade didn’t work out -100%

(can’t win them all!)

My Trade Plan Details:

• RIOT March 14th $10 calls around $.65-.75 cents

• Stop: RIOT closes below $8.50

• Target 1: $12s
  
• Target 2: $14s
  

My Reasoning:

RIOT was trading as high as $14s and $15s just a few weeks ago before tumbling to mid $8s as Bitcoin traded from $110k to low $80ks last week. With the big over the weekend jump on Bitcoin my feeling is RIOT could start to stage a comeback early this week. 

First off, I think RIOT could rechallenge the $12s to $14s this week if we run strong. I’d like to see a dip back into the low to mid $10s before making an entry and use that $12s to $14 as my upside sell targets. If RIOT trades below the mid $9s then I think this play will be over for me.

Weekly Wiretap Pick Of The Week MCD

MAX Trade Potential: 581%

My Trade Plan Details:

• MCD March 7th $307.50 calls around $2 to $2.20 area

• Stop: MCD closes below $295s

• Target 1: $311s
  
• Target 2: $315s
  
  

My Reasoning:

To me this is one of those recession proof stocks, not saying we are headed into a recession by the way. Busy families love to eat out and MCD is an all time favorite over the years. Not to mention this is one of the better dividend stocks if I recall and that also helps to keep those long term investors in the trade. 

What really caught my attention though was how well this trade held up after a brutal week for markets.

MCD daily is showing the strength of the stock as we trade up near the top end of this flag pattern. I really like MCD as long as we can hold low $290s and I will be looking for an early market rally with MCD potentially pushing $311s to $315s. 

Weekly Wiretap Pick Of The Week NVDA

MAX Trade Potential: 16%

My Trade Plan Details:

• NVDA Feb 21 $140 Calls around $2.80

• Stop: NVDA closes below $132

• Target 1: $143’s gap closure
  
• Target 2: $150s
  
  

My Reasoning:

NVDA is about 10 days out for their next round of earnings (early next week) and I think the momentum will be building as the week goes along. To me this is still the powerhouse of the markets and traders will be looking and betting on huge numbers once again. 

Clearly, my goal will be NOT to be in the trade come earnings (although HOOD was pretty fun!) but to play the build-up into earnings.

Looking at  NVDA you can see we have just under 3% to close the near-term gap but also have about 7% or so to the next chart high in the $149 area and then would turn my attention to the mid $150s if broken. 

Weekly Wiretap Pick Of The Week HOOD

MAX Trade Potential: 166%

My Trade Plan Details:

• HOOD Feb 21 $60 Calls around $2.30s to 2.40s

• Stop: HOOD closes below $52

• Target 1: $60
  
• Target 2: $62s
  

My Reasoning:

HOOD has been one of the strongest uptrends I’ve seen in a while. Several months now of just higher highs and higher lows. Taking advantage of Bitcoin prices and tons of traders using their platform to trade all those coins.

On top of that HOOD has earnings coming up on Wednesday AFTER the close which means I’d like to be out of this trade by 3pm Wednesday regardless of it winning or losing at that time. I think taking this into earnings would be too risky of a play and if I am green at the time or before that time, why risk it?

The WEEKLY chart shows clear breakout over $47.84 with next chart highs back up at the IPO price around $85. I don’t think we see that level this week but if earnings HIT and the stock keeps running then I don’t think this is out of the question in a few weeks time, but again I won’t be looking for that in THIS trade idea.

Weekly Wiretap Pick Of The Week MARA

MAX Trade Potential: 70%

My Trade Plan Details:

• MARA Feb 14th $18 puts around $1.20 to $1.30

• Stop: MARA closes above $21

• Target 1: $16
  
• Target 2: $14s
  

My Reasoning:

Most of the time I am looking for a trade idea that can head higher but this week feels like a play to the downside makes a lot of sense. Even though I like markets to rally and I like Bitcoin to eventually crack $110k and head higher, I think we will see some pressure early and hopefully this goes well for my MARA put trade idea.

Weekly Wiretap Pick Of The Week AMZN

MAX Trade Potential: 113%

My Trade Plan Details:

• AMZN  Feb 7th $230 calls around $4.50 to $5.50 area

• Stop: AMZN closes below $218

• Target 1: $230
  
• Target 2: $235
  
  

My Reasoning:

First off, AMZN is such a rich cash company and I think with their earnings coming not too far from now they will report well and show that nice cash position moving forward. I think this sets up AMZN for a strong move higher although I might be CAUTIOUS on this to start the week, meaning I am looking for a possible dip Monday morning before entry. 

AMZN has recently pushed into new all time highs and I think the momentum will continue there with AMZN maybe gunning for a $250 test soon.