Here are my Top 5 Smart Money Setups…
TSLA July 17 $600 Calls
Mark my words: Tesla’s Optimus robot will change the world (and one $27 million trader thinks the move in robotics is just getting started).
Tesla Inc. (NASDAQ: TSLA) is sitting near a key risk zone around $391. If it breaks that level, it’s done in the short term. But if it holds that level, the chart could be primed for a multi-month swing setup on these July calls. I’m extremely bullish on Optimus in the long term. I’ve been buying small batches of shares and calls, slowly accumulating for a reversal to the upside.
BA March 20 $250 Calls
The Boeing Company (NYSE: BA) broke a downward trendline. If it can get back above $231.50, that’s a strong demand zone. If that happens, I’m watching the March 20 $250 calls. Boeing works well in defensive markets, especially ones with war catalysts. We’re on Day 10 of the Iran conflict. Defense contractors rally when operations intensify.
NVDA March 20 $185 Calls
If NVIDIA Corporation (NASDAQ: NVDA) gets back above $179, these calls are juicy. Nvidia holds its GPU Technology Conference (GTC) March 16-19. Last year’s GTC saw the stock pop 14% during the week leading up to the event. (And Jensen Huang promised surprises this year.)
NVO April 17 $40 Calls
Novo Nordisk A/S (NYSE: NVO) has relative strength in a weak market. If it gets above $39.50, watch that level. Novo just partnered with Hims & Hers Health Inc. (NYSE: HIMS) to sell branded Ozempic and Wegovy on its telehealth platform. HIMS stock surged 41% on the news, and now, I think NVO could play some catch-up.
NFLX March 20 $100 Calls
Netflix, Inc. (NASDAQ: NFLX) looks promising for more upside, but it keeps getting rejected at $100. Over $100, this could move to $110. You could get a nice entry on this pullback towards $95. Netflix officially walked away from the Warner Bros. Discovery deal on February 26. A win for Netflix, because it avoids $83 billion in debt-fueled acquisition risk (and keeps its balance sheet clean).
These are my 5 favorite setups right now, all showing relative strength in an ugly market.
Use small sizes, take gains quickly, and don’t chase until the chart hits the level you’ve been waiting for.
Have a great weekend,
Ben Sturgill
*Past performance does not indicate future results