CVNA recap

One potato, two potato 🥔

Melissa Bishop
December 10, 2023

Pull a fast one 🔫 I Gamma Replay 📹 I The Whole 🥔

Did you miss my AFRM idea that could have banked you nearly 2300%*?

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Instead of Crying…

🎯Join Bullseye today 🎯

My next pick drops in…

Coming into this week, I was not super optimistic about how large-cap tech stocks would trade, so I wanted to look elsewhere for my Bullseye Pick of the Week 🎯.

Unfortunately, so many sectors are trading at nosebleed prices right now, and I couldn't stomach paying such hefty prices 🤢.

The “sector” (if you want to call it that) which has been working well lately were the high-short interest, or “meme stocks” as they are called.

The week before, I picked AFRM, as you might recall. Those options went on to make one of the LARGEST MOVES I have ever seen – over 2300% in just two weeks!!!

My Bullseye members got to see everything from start to finish. It was truly incredible and a rare event I am glad we all got to witness!

This week, I decided to press my luck 🍀 and go back to this sector and find the stock I felt had the most opportunity ahead of it.

That stock was Carvana (CVNA).

Here is a COPY of part of the email I sent out to members before the market opened on Monday this week…

Today, my plan is to start with a half-sized position on CVNA calls near the opening.

By the way, a common complaint I hear from Bullseye members is that the stock “moves too fast.” What a great problem to have!

If you decide you like the idea, and you don’t like the options or can’t get filled, why not look at trading the actual stock instead? It is a lot easier to get in and out of.

Just a suggestion to consider…

Assuming I get my initial order filled, I will wait until we see a test of $35 to make an additional purchase.

If I am wrong, CVNA will break down and close under $34. I see this as a very short-term trade, so this will either work out good or bad in the next few days I think.

If I am right, I expect to see CVNA trade around $40 as target #1, and then just under $45 as target #2.

My Trade Plan Details:

CVNA Dec 15, 2023 $40 calls near $1.40
Stop: Close under $34
Target 1: $40
Target 2: $44

If you’re not in Bullseye, this is how all my emails are structured – so a pretty clear game plan I had going into the week, right?

Well, things worked out perfectly once again.

The options made well over a 100% move on the FIRST DAY 💪💪💪.

(What my wife likes to call a “hot potato” trade 🥔)

Below is a chart showing exactly what I was looking at and the two signals that my system caught.

The first alert went out to my Bullseye Trades members.

👉The SECOND alert you see on the chart was an options-selling trigger that I sent to my Alpha Hunter members.

(Personally, I am up around $1000, or 50%, on just a $2000-sized trade since I made it on Thursday.)

Although not all trades work out this well, this was not too shabby for a day’s work, and just waiting for the right setup!

Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.

I have to say, after 20 years of trading, I think I am really good at this stuff.

I haven’t updated this page in a month, but you can go back and see for yourself how nearly all of my Bullseye Trade ideas have panned out. (click here to see the archive page)

As you can see, this is a pretty impressive record and I am proud of what we accomplished this year.

Maybe I am the “luckiest trader in the world,” or maybe I just happen to know a thing or two about finding breakout trade ideas?

Either way, why don’t you find out and decide for yourself? Try Bullseye out and if you don’t like it, I offer a 30 Day Satisfaction Guarantee!

Give Me a Try TODAY –

To YOUR success,

Jeff Bishop

P.S. Consider pulling a FAST ONE 🔫 …and bypass regular ole Bullseye in favor of Bullseye Unlimited — aka BULLSEYE ON STEROIDS! Right now Lifetime Plans are $400 off and includes full access to the MarketMasters Chatroom!

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