With 11 PRO positions currently expiring on September 19th, I'm already scanning the charts for candidates to roll-over to October-November-December in the coming weeks. One of these positions with a stellar track record is RKLB, a stock that is off the radar for post option traders...but not us. The PRO Service has 4 out of 6 winning trades in RKLB options over the past two years, with the one "tie" the result of moving the stop up to breakeven, just before the market dip in Feb-Apr, 2025. RKLB Trades: PRO Service For our immediate purposes, while the track record is stellar, the most important factor is the chart structure. RKLB Daily Key considerations: Is there a Wave 5 Buy in play, or pending: YES! Is there a third wave at multiple degrees of trend in progress, or pending? Maybe, check shorter-term chart structure. RKLB Hourly Drilling down to the hourly price bars reveals a third wave at multiple degrees of trend in progress. Accordingly, this becomes a high probability set-up once the Wave 5 is triggered by a close above $48. Taking both charts into consideration, RKLB is definitely a roll-over candidate come Sep expiration week, assuming that between now and then, the Wave 5 trading signal is triggered. Its about two weeks too early to consider roll-over candidates now, but, assuming a Wave 5 is triggered, I'll post a fresh set of calls to consider at that time. For now, and with 32 days left until Sep expiration, these are the most attractive calls for new capital should RKLB close above $48 today or tomorrow. Today, in a basically flat market, RKLB is up over 5% @ $46.25, so anything is possible. All of these options will be higher if RKLB can close above $48 in the coming days. If it closes above $50, move the most desirable strike up as high as $55 for Sep, $60 for Oct.
