- Jason Bond Picks
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- 2024 the year of the small cap
Good morning,
IWM is challenging 2023 highs which is a great sign after what feels like a few years of chop. I think we’ll be in store for a nice trend in 2024 and am looking forward to swing trading small caps again soon. Been a long time since there’s been excitement in small caps, that’s for sure. I think this is here to stay as we look at a soft landing and rates coming down in 2024.
I’m adding $150 COIN puts this morning looking for a pullback to below $140. It’s overbought and despite going higher, momentum is fading. If it’s trading above $160 I’ll look to move on from this idea.
LQMT is trading actively this morning. Someone is soaking up a few million shares already which is high volume. I saw a similar tape (level II) just before the CEO announced buying about a million shares. In that time frame the stock doubled. I’ve been looking for $.10-$.20 on this soon and this action could be an indication it’s coming. I’ll have detailed notes on what I’ve been reading up on here later today. I’m long-term at $.091 here. I adjust my size up and down on a big core position without notice. And now we have another catalyst which is the speculation of MOVE being bought out. Not sure if you saw the news about Apple’s iWatch sales halting in a few days but this is a new and interesting angle for LQMT stock. I think this could be getting close to an exit for me, ideally on a big, liquid move to the upside in 2024.
The call options trade idea on CVNA is smashing it! That short squeeze is in full effect here on the breakout. But it’s getting extended so short call vertical makes more sense now trying to catch a stall in the price advance.
It’s full bull into the end of the year guys and gals. Join me in the chat room (OPEN TO ALL) and we’ll talk through the trades live.
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Jason
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