Weekly Wiretap Pick Of The Week HOOD

MAX Trade Potential: 60%

My Trade Plan Details:

• HOOD Jan 31 $50 calls around $1.75s to $1.85 area on a morning dip
• Stop:  HOOD closes below $44
• Target 1: $53
  
• Target 2: $55
  
  

My Reasoning:

First off, HOOD recently paid off $45 million in penalties to settle a SEC case and second Morgan Stanley raised HOOD’s price target to $64 from $55 which indicates their positive outlook on the company.

I also like the bitcoin bonanza right now and how HOOD could benefit from all the bitcoin trading and price spikes of random coins.

The chart I’m looking at shows HOOD Fibonacci extensions up in the $53s which I think could be a nice mid week target. Assuming we don’t close under the $44 area for me I think this remains a strong upward trend that’s been going on for 4 to 5 months now.

Weekly Wiretap Pick Of The Week RIOT

MAX Trade Potential: 215%

My Trade Plan Details:

• RIOT Calls Jan 24th $12 at $1.40

Weekly Wiretap Pick Of The Week SOUN

MAX Trade Potential: 37%

My Trade Plan Details:

• Jan 17 $23 SOUN calls at $2.48. Target sell is $3

Weekly Wiretap Pick Of The Week RIOT

MAX Trade Potential: 30%

My Trade Plan Details:

• RIOT Calls Jan 3 $13

Weekly Wiretap Pick Of The Week SMCI

MAX Trade Potential: -100%

(can’t win them all!)

My Trade Plan Details:

• SMCI Calls Dec 27 $48

Weekly Wiretap Pick Of The Week PLTR

MAX Trade Potential: 325%

My Trade Plan Details:

• PLTR Dec 6th $68 calls target entry $2

Weekly Wiretap Pick Of The Week RKLB

MAX Trade Potential: 325%

My Trade Plan Details:

•  RKLB Calls Nov 29 $21

Weekly Wiretap Pick Of The Week RKLB

MAX Trade Potential: 636%

My Trade Plan Details:

• RKLB Calls Nov 29 $21