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Good evening everybody. This is Johnny Seville from the Acorn Wealth Corp. This is the executive summary. And what can I say? Woohoo. When you're right, you're right. Uh beautiful overnight 600% profit on the S&P 500 uh puts. we'd alerted to people to on Thursday and the options I mean just on on all the other positions and so forth just killed it.
Of course we continued downward today. So um so far this is moving just perfectly. You can see that if we look at the S&P 500 um uh drop we are coming down to the uh the pattern support kind of around this uh around this level here. So we want to be wary of kind of some kind of a support bounce at 1973 1975.
Uh we currently let's see what the lower was over here was uh 1969. So yeah but 1970 1975 that area uh we had uh we had a uh so far the futures overnight are up about 17 points. So we'll whether that actually feeds into anything in tomorrow's market uh we don't know. But uh obviously uh any kind of um Too many good trades to choose from.
Yeah. Well, if your only problem with Acorn as well is too many good trades to choose from. Thanks, Robert. Um uh I uh that's exactly how I feel. Um I there are just so many good trades to choose from and uh and at the moment there's you know it's there's there's so many good ones that we uh have already got in the newsletter.
Um, DLPH was a new one that I bought puts in today from the um which which looks like and a longer term. You can see looks like a big head and shoulders pattern and looks like we're breaking down which would be a long-term play with that cuz that could just keep dropping and dropping and dropping. Obviously, that's been one from our list from a lot much further long ago.
And um you can see that the potential on that uh head and shoulder could be uh really extended. Um we've got uh uh STMP, which was an entry um entry criteria today. Again, that looks like a head and shoulder coming out of a long-term uptrend. Um that looks awesome. Um BGCP um entered below its entry criteria today of 863.
That's looking awesome. Um that's heading towards its uh its support level. BUD of course was the options play from last week. Um that's the options on that are up from $4 to 1050 I think it was today. So uh but the options actually on Thursday could have gotten as cheap as 330. So almost as much as a um uh 200% return on Bud just in the last two days.
Uh we've got it. I mean just so many beautiful trades. It just plummeting today. I took I I sold a couple of my contracts. Um about two, excuse me, one/3 of my contracts just to take some profit on that. These are up big time. Um the puts July $100 puts are up from $185 to 760. I mean, there's just so many good ones um from the list already.
Uh for those of you looking for potential, I won't go through them all. We'll review them all in Trading Room, but um uh a couple of them did hit targets today, like uh Ryder R hit target. Uh Bungie hit the target. Um CN O hit the target, MITK hit its first target. So, um there's just uh there's just so much to uh to talk about.
So I mean again really it's uh it is about quality of trades not quantity of trades. So um you know try try you know it's not about uh trying to trade everything and uh you know if you're fully invested you're fully invested. Let the uh let the quality of trades you're probably in are the same quality as other trades.
So when you're full you're full. Um uh now in in terms of uh looking at some new potentials uh as we go into the market, these this is the list that is uh my my big watch list. I've got AVGO Broadcom, which is uh as you can see breaking out of a broad uh rising wedge channel and uh you can see that had a nice drop today.
Um again, we might the best thing for new positions is if we get any kind of a rally up in the market and what you looking for is these stocks to be rallying up into resistance. So um that would be the ideal entry for any new short is a rally up into its respective resistance that it's breaking down.
Um so any any strength in the market tomorrow would be an ideal uh time for looking for new shorts. AVGO uh has had some big selling uh in the insiders uh and you can see from the rising wedge channel that looks like a potential drop all the way back down to 115. So, uh, this one I would be looking at, uh, August, uh, 130 puts are $2.
Uh, shorter term July 135 puts $1.70. There was 3,288 of those July 135 puts bought today. So, um, uh, either that's, uh, um, someone believes that it's not going to break below 135. There's certainly someone out there that really believes it will. So, um, that's, uh, AVGO on the short side. Uh we've got workday WDAY again.
Really big selling on this one. Uh this is the kind of thing where I'd love to see a rally back up to 75. Uh otherwise we'd be monitoring this for a breakdown uh below 70. Then it's going to hit that support there at 65 as well. It's going to al it's got a few different stumbling blocks on workday. Um but uh it is in the application software industry and really big insider selling uh coming out of this one.
really huge insider selling from this. Uh, of course, application software has been the highest level of insider selling. And um, I was looking at the $70 August puts which are 460 um or the $65 puts which are 265 and those are August. Um, SNX. So, I'm throwing a lot of different ones out there depending on what kind of pattern you really like to trade.
Um, SNX is a uh, let me just take this uh, let's move these lines off. SNX looks like it's in again a head and shoulders pattern. You can see that uh, this these this head and shoulders here. You can see it's just coming down from that right shoulder. And uh, if we have a look at the um, potential target there basically got uh, there you go.
You can see the breakdown level would take us from 80 down to 55, which is exactly where the 61.8 Fibonacci is. If we look at all the way back from 2011, that's where that would predict us to go. So, um on uh on SNX, uh I'd be looking, you know, you could look at the 5750 put, excuse me, the um let's have a look.
50%. Yeah, the $95 August puts are $4.70 or for the longerterm play, there's December um $70 puts which are $3.70. All right, let's rock along. So, there's a head and shoulders play. Lit again, another head and shoulders. Um big insider selling and recent insider selling. Um for this one, I'd be looking at the August $2250 puts currently 90.
Um, again, this one looks like it could have a breakdown towards this target of around $17. So, um, there's a uh a lot of lot of big potential in in all of these. Some of these are thinner traded in terms of options uh than others. So, again, have a look at which one, you know, kind of fits your model.
But these are these are all ideas. Of course, with this one, we'd want to see it break down through support. So, I'd want to see it break through say 21 uh 2150 and then that would uh that would hopefully trigger us into a uh a breakdown of the uh of the head and shoulders uh Rambus. Um let's go back and have a look at this one again.
Another head and shoulders declining neckline. And then you can see over here on the right hand side, we've got another head and shoulders inside the larger term head and shoulders. So, um, if this one if we want to see this break below $11 and then I'd be looking at the $11 November puts. I mean, they're currently only 56 cents, believe it or not.
November $11 puts 66 uh 56 cents. So, this this one looks like a head and shoulders within a head and shoulders. And, um, again, we could get, if we look at the head and shoulder target, I mean, if we if we have a longerterm move, we could get all the way down to below $5. So, it's a 50% drop. And then the uh the first head and shoulders um talks about a drop uh below that head and shoulders.
So we've got the momentum from this smaller term head and shoulders um kind of working within this. So I really like this one. The option pricing is really good on good on it as well. Uh HZNP almost towards the end uh declining complex head and shoulder. So uh alo you can see the downward channel a breakout dropping back into that channel.
So, we've got this kind of head and shoulder here happening. Um, so for this one, kind of a target down around eight bucks, which would be again about a 50% drop. Um, I'd be looking at the $14 November puts, uh, which are at 175. Second last one, XY L. Huge rally now breaking down. Again, I'd really love to see a rally back up to about the $45, $44 level.
And, um, we'll see what happens in the market uh, tomorrow. But um for this one, the $40 October puts are only uh 54 cents last traded price. The last uh the bid and the ask is pushing it higher to 90 cents. But again, uh decent pricing given we're only $2 away from that. And um this is a uh this has got potentially a long way to drop to come back to the January lows of $32.
So about a 30% uh uh potential drop there. And then uh now that's this is diversified machinery. So the other diversified machinery play is Cumins. Again, all of these have insider selling, big insider selling recently. And Cumins would be the other one, uh, which we have here, which is just breaking down.
Again, it could get down to the the recent lows of around 80 80 bucks. So that's a $25 potential drop. And, um, I'd be looking at the August 110 puts. As you can see, that's just breaking down. If we get a rally up into resistance tomorrow, that would also be perfect. But as you can see, lots of opportunities.
Really just a matter now of deciding, you know, what fits your profile. All of these have diverging money flow, if not very negative money flow. All of them have insider selling. Uh all of them are uh and you may not want to trade anything new. I mean, you may be already stocked up with great positions, but uh these are the uh everyone keeps asking for more alerts.
So, I wanted to uh I wanted to give you my um short list. Believe it or not, this is my short list of about over 50 stocks um that I think are all great trades. These were the ones that uh um were the best by um by the filter of having big insider selling um the divergent money flow and that that kind of good pattern.
There was a lot that didn't make the cut that still look some of them even better than these but didn't have the insider selling. So, I wanted to get as many different special factors as we could into the play. And of course, um, uh, this is going to be just the very beginning of it. So, uh, we'll be reviewing a lot of these in a lot more depth in the trading room tomorrow night.
So, uh, make sure you, uh, make sure you come to that. And, uh, we'll, uh, have a, uh, well, we'll keep pushing along. It's a fantastic week. And of course, just a reminder that I mean in these really volatile markets when we get massive moves on the options like we've seen today and yesterday, uh these are moves where I'll I'll take, you know, a third of my options or even half of my options and sell them.
Some of them I'm buying back the next day. So just be wary of your targets and uh never be afraid to take out your original capital at least when you get these 2 three four 500% moves as it is the case with uh a lot of the positions like it and of course Ryder today massive move um all the way down to its uh its support.
So uh this is just getting started and so for now this is Johnny Seville out and we'll see you all in executive in tomorrow uh trading room. Uh take care. Happy trading.
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