Hello All - if you have been following us the past few weeks, first off we’d like to thank you. Secondly, we would like to congratulate all who have caught some insane moves. A few of note with similar setups and performance of over 120% in gain was AFRM, and ASPN. Both of these ideas came with a good bit of size, displaying weekly cup and handles, and paid over 120% with expirations out to June 2025 & January 2025 respectively.
Spectacular moves shown below.
AFRM June 2025 50c came across our desk and had this explosive look to it after all this time in the handle’s range. Finally breaking free of this pattern and trending towards that resistance level of 51.50 at the peak of the handle. Leaps currently trading over 120%.
ASPN January 2025 27.5C was another one that had come across the desk a couple weeks ago that paid massively the same week as the flow came out. Leaps reached above 150% and majority of the position was closed. Job well done and cheers to flow with weekly cup and handles.
The flow overall this week was nothing spectacular but certainly paid the bills and kept the lights on. Here’s the performance for this weeks highlighted flow.
As you can see, there is a ton of unrealized gains/losses shown while these trades remain open rolling into next week’s action over the holiday weekend. Reminder, the market is closed Monday for Labor Day. Enjoy the extended weekend with beers flowing, bourbon of choice, and a fired up grill as we have week 1 of College Football returning to provide us a weekend full of entertainment.
The month of August was entertaining to say the least. We saw the market fall over 7% to kickstart the month and here we are regaining nearly all of those losses to close this month out heading into September over the weekend. Will be interesting to see the seasonality furu’s all pitch their claims moving into the home stretch of the year as SPX holds above 5565 towards highs. Assuming data next week is good, we could see a push towards new all time highs such as 5700 while the action above 5565 and 5500 even remains supportive to this argument.
We look forward to next week’s action hoping it is less of a mess in regards to incoming flow to provide you all with the best possible course of action and idea’s.
Cheer’s to a wild rollercoaster of a month, and see you all Sunday night.
Kian, Jersace, & Jon
Great work guys!!! Love your content!!