Today’s plays are the following:

• CHGG
• CHWY
• PHM

CHEGG +37%

………was a very surprising play that I was not even watching.  I got in the Chegg 8/21 $95 Calls in $1.50. We saw it dip and I thought it was just going to break all support but eventually found a support. They actually had good earnings which can be read here Chegg Earnings

CHWY +19% (Swing Play)

I had some doubts with Chwy to tell you the truth. I went YOLO on this since we saw a last min

There was 2 sweeps worth a total of about 60k on the ask. Since I didn’t buy much on Monday, I broke a rule of forcing a trade. But it was a small amount that if I lost it all, I wouldn’t even flinch. This is how most of your trades should be but you need to learn to scale up.

PHM +4% – EXIT

This one was more of a fat fingered and I just had to let it go. I bought the wrong strike and expiration and I had no knowledge of this stock.

Swing Plays

Today there was good plays and there were bad plays that  I should have not taken but the flow sort of looked good until the market sort of went down…

Here is what we have open for swings

• SAVE 8/21 $17.50 C
• QCOM 8/14 $110 C
• NIO 8/7 $45 C (This one I messed up on, I should have went for it next week but that’s fine)