Breakout stocks grinding higher.

We need to do an easier plays! CRWV is a tough stock, I took it off my list.


I was hiking early and had four plays from listening/scanning ideas.

1. AMD calls $175/$180

2. CLS calls. $190/$200

3. UPS puts $100 puts

4. NVDA calls Aug 15 $180.

 

SOFI.....O' my
Glad I had the frt.month 21 calls

 

I played SANM(Old old friend.) and CLS again, $200 to $204.70(?). Market seems tired, what do you think?




Edited: How long until CLS hits $230?

 

Felt the same.
52wks high - low still strong
But the easy money is getting exhausted.

 

Last week I had 20 $310 CHTR puts, why did I sell them with time remaining? Stock was $320 range.

 

When I saw SOFI tanking I wondered if they were going to do a rug pull by diluting. $25 high, $20.6 in AH.

“SoFi said it plans to offer and sell $1.5 billion of its common stock in an underwritten public offering. The company intends to grant the underwriter a 30-day option to purchase up to an additional 15% of shares being offered…”

Benzinga

 

Here is a list of stocks ranked by their ~200 days Sharpe ratio.
Might check how to get the list from IBKR.
Because this is manually generated.

 

You’ve been finding some great plays! What do you think about the Oct or Nov SOFI calls(Once they absorb the 75,000,000 shares.). BE had huge volume on the $41-$50c, earning tomorrow on BE and your 25% gain on RBLX.

 

SOFI looks great.
Breakout / Buy point at 22$
HV around 55%. Same for Oct / Nov IVs.

Great Play

 

Will CRCL print 245 in a week or two ?
Would be crazy option wise.

The 215C Aug 15 @ 5.80 would be worth 30 (5x).

Not crazy but ... interesting.