10 bagger trade plan shared yesterday - Did you take advantage? Don't miss the next one. Ideas for Thursday Jan 11

Can we hit another out of the park today? CPI on Deck. Bitcoin ETF approval.

So much to discuss in today’s blog. Let’s get into it!

SPY Price Action and 10x Play

Yesterday I shared the following Plan/thoughts for SPY

And guess what, It played out EXACTLY like I predicted. In premarket we got the 473.50 dip, then during first hour we back tested the r/g line culminating in a breakout over 475. Notice how I said look for the backtest on 475 to come and clear 475.40. There was a little fight/chop there, but once it did, it gave us the 477+ move!

So How DO WE MAKE MONEY on this. I accurately predicted when I wrote the blog that we can get SPX 4780c for $1.

Premarket gave a $1 fill, or $2 at the open and then a quick rip to $4. Call it an appetizer.

We then had to wait. I like to wait for the first hour to complete. You can see how all day the 4780c held their value at $1 even though time decay was on. That is a major clue. For our first course, SPX 4780c dipped to $1 around 11:45am and just after lunch SPY finally broke out over 475. Given the risk of a 1pm reversal, It’s good to lock in 60-100% into the spike and then evaluate the action.

Sure enough we had the spike, and SPY dipped back on 475 as we wanted to backtest the breakout, our second and main course entry was delivered. 4780 at $1 again for the reload. where is it going? 4788 and likely a push into 4790+. that means we can sell for $8+.

Check it out. It went to $11.70! 5 contracts and a $500 bet would have sold for $5500 at $11. For me, I rather size bigger on a high probable win and be out most at $6 and $10. Having the profits from the first round lets one be more patient for the sells on round 2!

Be sure to review the charts above to see how the price action on SPX and the contracts played out.

This is the magic of SPX and 0DTE. I was so excited about this plan and how consistently we have been scoring wins that I was inspired to outline a new course and have flushed out the lesson plan for the first module. Unfortunately only got an hour of sleep last night. Here is the preliminary course title and description.

Unveiling the Magic of 0DTE on SPX: How to Catch Big Moves

Are you ready to uncover the secrets of catching big moves in options trading?

In just five modules, you'll gain a comprehensive understanding of SPX 0DTE options, why SPX vs SPY, and strategies for trading and profiting from same-day expiration options.

With real-life examples and case studies, you'll learn how to identify and capitalize on significant market movements, all while emphasizing the importance of risk management and best practices.

I need your help. Be sure to like and comment on this post to let me know if you are interested in this course. I will spend this entire 3 day weekend working on this if I get enough interest. GOAL: Beach, cabana, create the course, and sip on margaritas.
Please pester me to get this done and in your hands.

NVDA

NVDA didn’t give me the double bottom dip I wanted to reload/add so left it alone. our 535/540 vertical should hit $4-4.50 today. Nice continuation and in premarket I saw it close to 550.

Bitcoin / COIN

SEC approved the btc etf. After approval btc rallied to around 47700. Over 48k imho could trigger next leg up. Given the recent pull back from 195 on COIN, COIN could go either way. I’m starting to think we could have an upside move, because everyone was thinking sell the news coming. I wanted a gap up and push over 200 to get short for sell the news but we are in middle of range here and they may have trapped shorts this last week. Regardless COIN should provide bull and a bear scalp trades.

Plan for Thursday Jan 11

We have CPI at 8:30am and so far SPY is gapping up 1.5 points. 480 was essentially all time high and where we sold off.

We could see a major gap and go move into 479.50-480.50 at which point I will consider a short if we reject, however. cross over 480/481 and some basing creates a possible move into 483-485 and 495-500 into February.

If SPY breaks 475, I will look to get short for a move into 470-472.

I’m having a hard time predicting favorable entries given the gap up and CPI news event. Edge and THT members keep an eye out in chat for comments/plans

Here are a few possible yolos, but I do not have any conviction on these until I see the price action after first hour.

SPX 4710c for $1.20 target exit $8-12

SPX 4725c for 0.20 target exit $10. (for scenario of 480 breakout)

SPX 4805p for $0.50 for scenario of 479.50 rejection.

Please note: In a normal situation, I would be looking for a gap up reversal today, but I’m essentially open to bull and bear scenarios playing out today.

Remember to like and share this blog . It lets me know that the hour I spend each morning to share my thoughts and ideas is appreciated.