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Pre- Market Morning Brief- 9/1/2021

August looks to close out another positive month for the market. Historically, August has been a month of downswings. I expect another bullish day today, and the pre-market is already up. I don't expect too many curve balls today. We are going to see more volatility in AMC and GME today, while SPRT is seeing a downswing as profit taking continues.

Economic Releases: Today we have some major reports coming out. We have the ISM manufacturing index, PMI Manufacturing Final, and the APD Employment report. I expect some good numbers here, and you could see a nice boost to the market when these reports come out .

#GME: We still hold a long position here with our call, and it looks like GME is up again in the pre-market. It looks like it is poised for a big move either late this week or next, so might leg into a call spread next week. We still are short/theta here selling 450, 370,340 strike calls here. I have a nice middle ground where we can make a huge gain on both sides sweeping all the short/theta plays and making money on the call I bought.

#AMC: Still have a naked long position here, with a calls at the 44 strike. I expect more bullish upside here, and I plan to make a similar play as on GME, and take a more aggressive long position next week or add on today.

#DASH: I see support for dash at 190 , and I still have more long/theta plays on that I added yesterday, and I will continue to monitor.

#MRNA: It looks like Moderna has shaken off the sell off for manufacturing issues and I see support here at 375. I will continue to watch but I don't plan to change much of my position .

#TSLA: Unless Elon Musk has some wild tweet, I don't expect much to change and it to trade sideways or keep within the squeeze range.

Overall, I don't see many swings besides the #memestocks and I will mostly just monitor and add a few pieces for next week. I have a lot of options that I sold already close to 0, so mid-week gaining 100% return already on these trades.

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Post-Market Report 8/31/21

Post stock market analysis. Including TSLA, GME, AMC, NVDA and and AAPL. Current market outlook and options strategies.


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