The SPY has been going sideways for about a week now.

And while this kind of movement can be frustrating for traders, it also means squeezes are building.

So in today’s video, I’m showing readers a beautiful looking chart on a streaming company with earnings coming up.

Click the image below to get that setup.

YOUR ACTION PLAN

Spotify (SPOT) has a juicy looking chart according to my S.A.M. Scanner. With earnings coming up on Nov. 12, I’ll be using the $390 11/15 calls with an entry as close as possible to $171 and a stop under $365. The target will be $396 and then $400+.

(Click to enlarge)

If you’re interested in seeing a lot more trade ideas like this, I recommend checking out Daily Profits Live. Every week members can follow along as I find the best trade setups using my TPS system and S.A.M. scanner. Last week I closed 12 of 16 trades for winners, including a 182.56% return on UPST in 6 trading days.

Click here to learn more about Daily Profits Live.

TESTIMONIAL TUESDAY

“COST in 18 Oct 900 calls @ $3.08. Out @ $6.68 for a 116% gain in 1 trading day. Thanks Nate.”
– tlee9999

“In (MARA) at 1.90 and out at 2.60. 37% gain (in 13 days). Thanks Karim!”
– DeacNJax

“I closed the 2 Shares/Contracts I opened at $5 for $5.80. STC (CAT) @$5.80 x 2 good for a 16% overnight gain!! Thank you Bryan B!!!”
– BoomerMC