Hey Gamers!
That cut on my chin? Yeah, that’s from attempting “the worm” over the weekend. Hardwood floors and breakdancing don’t mix – but at least my SPY put zone at 635.14 absolutely crushed it today. 😅
What a Tuesday Game Show that was!
Our SPY put zone at 635.14 triggered beautifully around 11:40 AM. Clean break, solid execution, and we hit our target in just 20 minutes. That’s exactly how Game Plan is supposed to work – quick, mechanical, profitable.
Mark and I were discussing how the call zone got rejected twice (both 5-minute and 2-minute timeframes), which told us traders weren’t interested in going long up there. When zones get rejected that cleanly, it’s the market talking.
We also sent out a weekly play – TQQQ September 5th 87calls. Target
is around87 calls. Target is around 87calls.Target is around 87 when we get the bounce I’m expecting from all this panic selling.
Why TQQQ over SPY for this one?
Better options chain, less expensive entry, and honestly… I just like trading it better than some of the other leveraged ETFs.
August was quiet, so September and October are loaded for selling. Today’s gap down might be the start of that move.
But here’s what everyone’s missing – when traders panic like today, that’s exactly when weak bears get trapped. Everyone’s freaked out by the drop, which is prime time for face-ripping bounces.
As Mark said: “Maybe the best trade is no trade” on days like this. That’s why we stick to our zones and let the market come to us instead of chasing the panic.
If you’re in our weekly TQQQ calls, watch your emails! These can move fast and we might close them same-day if they hit targets quickly. I know alerts are annoying (trust me, I hate them too), but weeklies are different beasts than our daily Game Plan.
The daily zones give you set targets. Weeklies are more about feel, fundamentals, and unforeseen catalysts.
Rock on, Gamers!
Voz
P.S. – No more breakdancing for this trader. Apparently I should stick to what I’m good at – like nailing put zones instead of attempting moves that belong in 1984. 😂
P.P.S- Speaking of sticking to what you’re good at… Andrew Giovinazzi is jumping into Licia’s 4X Account Challenge! Wednesday at 1pm ET, he’s going LIVE with Hannah and Licia to explain why even he’s taking the challenge. If Andrew’s in, you know it’s legit.
