After looking at today’s SPY, we need to be kind of careful.

The indexes are extended, so I’ll be looking at only the best setups on the S&P 500.

And I just found one I really like with a trend, pattern and squeeze.

Click the image below to see exactly how I’m trading it.

YOUR ACTION PLAN

Marriott (MAR) has an A+ daily chart setup per my S.A.M. scanner. Using the 8/2 $250 calls, here’s the trade plan. I’m looking for entry between $240-242. Important: We’d want to take this trade off BEFORE earnings on 7/31 before market open (meaning we’d need to sell no later than 7/30 by the close).

(Click to enlarge)

With earnings season getting underway, I’ll be looking for more trades like these AFTER earnings in Profit Surge Trader. I have a 74% win rate with these trades in 2024.

Click here to see how my “One Ticker Payouts” service generates multiple trading opportunities with potential gains as high as 2,614% in under 11 days!

TESTIMONIAL TUESDAY

“OXY in 6 c @2.57 out 6c @3.20 (24.5% gain in less than 24 hours) = $378. Thank you BB.”
– Gunner

“In (NEM) 1.31 out .77 (41.2% return on capture in 21 trading days) – Nice trade Karim.”
– HeyJT

“HIMS In Jul 19 21 calls @.98 Out @ 2.00 (104% in 1 trading day). Thanks Nate for a double.”
– tlee9999