| Closed Momentum Options Trades for 2026: 29-6 (83%, 8 triple-digit winners); 2025: 55-20 (73%, 17 triple-digit winners); 2024: 77-17 (82%, 38 triple-digit winners); 2023: 34-11 (76%, 8 triple-digit winners). Overall: 195-54 (78% win rate) 70 triple-digit winners. Please remember, all “Exit Targets” and “Stop Targets” are targets. You should not have any “Stops” entered to close any alerts or “Limit Orders” in your brokerage account unless we list one. We will send out an “Alert” or “New Alert” if we want you to close a position or if a new position comes out. Otherwise, follow instructions at all times in the updates on Monday’s and Thursday’s along with Text Alerts and videos throughout the week. Text Alerts (Telegram):Velocity Options: https://t.me/+uzxYHX8YEh85MzYx |
Market Update: We don’t provide in-depth market commentary on Thursday’s but we wanted to update the current action. Tuesday’s intraday’s lows pushed the S&P and the Russell to exactly 5% losses from their recent all-time highs. The Nasdaq was down 7% and the Dow has been a non issue as it has held up extremely well this month.We mentioned there could be near-term weakness to start June and the next waves of support could have the major indexes down 9%-10% from their all-time tops. Crypto has been weak and perhaps it is being sold to fund the SpaceX IPO (and others) coming down the pipeline.The 24,500 level highlights a 10% selloff from the high for the Nasdaq and we said to watch 25,250 this week. This level was breached Tuesday and failed to hold on Wednesday. The S&P closed below our 7,400 target while the Dow settled below 50,000 on Tuesday, as well. The Russell breached 2,800 on Tuesday but easily stayed 1% above this level throughout Wednesday’s session.  The S&P Volatility index closed above 20 last Friday and 22 on Wednesday. This gets 24-26 in focus. There was a bit of panic selling in early and late March that pushed the VIX into the 30-35 zone. This could happen again if 26 cracks.The good news for the VIX is a death- cross remains in focus with the 50-day moving average within spitting distance of falling below the 200-day moving average. This typically leads to lower lows and would be a renewed bullish signal for the market.In the meantime, the market likely needs to get through Friday and the first part of next week to see where the dust settles after the SpaceX IPO and geopolitical concerns. By then, we could be making lower lows with double-digit losses for the major indexes, or, another near-term bottom could be in place.The bearish action has put some pressure on our current bullish Alerts but we went longer-term with a few of them as we have prepared for this market pullback. We also used “cheaper” options as we always like to have some open positions in any kind of market.We are expecting most, if not all, of our current Alerts to rebound. However, if key support levels fail, we will bail to save any remaining premium. We did fantastic by ringing the register on three triple-digit winners in May (413%, 167%, and 131%) but realize some of the current Alerts might not come back.We have three open Alerts with a July expiration (36 days) and one each for August (71 days) and September (99 days). On Tuesday, we took a look at readjusted uptrend channels off the intraday lows for the major indexes. As long as lower lows aren’t made this week, or next, there is a good chance the current dip will be bought.The charts for our current trades also remain somewhat bullish so continue to hold them into next week. As far as new Alerts, we have been mentioning the Financial sector could be benefitting from sector rotation and we like Bank of America (BAC) and KeyCorp (KEY). We are waiting for $55 to possibly clear for BAC and $22.50 for KEY and when we might use call options.We are also building out a possible put option WatchList in case the market makes lower lows, or volatility clears 26. In the meantime, let’s continue to watch the action as we wait to see if a more defined selloff is in play or if a buying opportunity is presenting itself.Snap (SNAP, $5.38, down $0.21) Option: SNAP September 7 callsExpiration Date: September 18th, 2026Entry Option Price: $0.55 6/1/2026)Current Option Price: $0.40Exit Target: $1.10Return: -27%Stop Target: None Action: Wednesday’s low tagged $5.31 with upper support at $5.50-$5.25 failing to hold. Continued closes below the 50-day moving average and $5.18 would be a slightly bearish development.Resistance is at $5.75-$6. Closes above $6.25 would be a very bullish signal for a surge up to and past $7.25.  Richtech Robotics (RR, $2.20, down $0.10)Option: RR July 5 callsExpiration Date: July 17th, 2026Entry Option Price: $0.30 (5/27/2026)Current Option Price: $0.05Exit Target: $0.60Return: -83%Stop Target: None Action: Upper support at $2.25-$2 failed to hold on the fade to $2.19 for the second-straight session. Resistance is at $2.50-$2.75 and the 50-day moving average.We are still waiting for an earnings update. The company is expected to report a small loss but news on their partnership with Microsoft is likely the key to a major stock move.  Plug Power (PLUG, $2.86, down $0.05)Option: PLUG July 4.5 callsExpiration Date: July 17th, 2026Entry Option Price: $0.44 (5/26/2026)Current Option Price: $0.06Exit Target: $0.90Return: -86%Stop Target: None Action: Upper support at $2.75-$2.50 held with the low at $2.85. Resistance is at $3-$3.25.  Rocket Companies (RKT, $12.54, down $0.64)Option: RKT July 17 callsExpiration Date: July 17th, 2026Entry Option Price: $0.50 (5/26/2026)Current Option Price: $0.12Exit Target: $1.00Return: -76%Stop Target: None Action: Key support at $12.50 was tripped but held with yesterday’s,low tapping $12.46. The May 19th low is at $12.38. Resistance is at $13-$13.25.  Teucrium Corn Fund (CORN, $17.07, up $0.03)Option: CORN August 22 callsExpiration Date: August 21st, 2026Entry Option Price: $0.38 (5/13/2026)Current Option Price: $0.10Exit Target: $0.80Return: -74%Stop Target: None Action: Crucial support at $17 has been holding. Resistance is at $17.25-$17.50. |