I see 3 Stocks that are setting up nicely for a Leaps play this week. Check out my analysis and suggested entries below.
1. SoFi Technologies (SOFI)
• Current Performance: Up 68% YTD, 153% over the last 6 months.
• Revenue Insights: 56% comes from lending (home loans, student loans).
• Interest Rates: Anticipated cuts in October and December could boost lending activity.
Strategy:
• Cash Secured Puts: Consider selling puts at the $24.50 strike price (bottom of the Bollinger Band).
• LEAPS Play: Check out the below video for the exact Leaps contract and suggested strike prices.
2. Palantir Technologies (PLTR)
• Current Performance: Up 116% in 6 months, 127% YTD.
• Recent News: Addressing security claims from the US Army; fundamentally strong with rising revenues and solid cash flow.
Strategy:
• Cash Secured Puts: Consider selling puts at the $150.00 strike price.
• LEAPS Play: Check out the below video for the exact Leaps contract and suggested strike prices.
3. Amazon (AMZN)
• Current Performance: Trading near the middle of the Bollinger Band, with strong support at $214-$215 (coinciding with the 200-day moving average).
Strategy:
• Cash Secured Puts: Sell puts at the $215 strike price (29 delta).
• LEAPS Play: Check out the below video for the exact Leaps contract and suggested strike prices.
Watch Full Video Here:
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Are you confused with any of the above or are looking for 1 on 1 guidance? Check out my coaching services below:
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Until Next Time..
Happy Trading!
Gautam
(Your Financial Freedom Coach)
