Yesterday's Update: "I would rather buy RKLB above $60 than below $58.35." At the time, RKLB was stumbling around in the high $50's and this morning it finally peaked above $60. Today's high print is $61.08, but shares are now trading back into the high $50's. My view on the market is that it is extremely overbought and at a dangerous place to be entering new long trades. Nonetheless, a system is a system and RKLB has the potential to be in the triple digits by Christmas. What's a boy to do? RKLB: Buy Signal on any print above $62.00. Nov. Exp. target > $80. RKLB Nov Calls If RKLB prints $62.00: Any of the bottom three strikes: Risk 50% to make 200%. RKLB - PRO Trades 2024-2025 Applying -50% hard stop; if trade is +50%, then roll to 50% trailing stop. QQQ Update A break below QQQ $600 consider adding QID Nov 21st $22C.
