GEV is a strong performer; dips are buy opportunities, and price action suggests potential upside after current consolidation.
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So, GE Vernova, we look at this one all the time because it's a highf flyier. Options are really um >> options are really juicy here. I mean, they're absolutely fantastic here.
And they're running. Everything's running to the north.
So, if we stare this down and we say, "All right, let's take a peek at what this chart's been doing." It is really trying to hold the floor. It's really trying to hold the floor.
And that to me says, hey, these dips, they're going to be buys.
Now, I do not buy breakouts. A lot of people have said, "Wow, you leave a lot of money on the table." And I have over the last several years because I like buying pullbacks, but look at where this pullback is sitting right here.
Yes, the moving average is flat. Yes, that means we're going to have sideways motion. But if this price action wiggles, let's say Roshana is the selling zone. Although I think we sold pre Roshana and so that optic is going to be different.
The stats say that if the week before Roshana is negative, Roshashana is flat that the following eight days. And I I think it's 8 days. I don't know how long it is, but that's what we're seeing.
If it's like that, there's some real room to run once it gets to sport.
So, what does that mean? It means another iron condor is going to look absolutely great. If you're staring down those spaces that give you, okay, where is the wall? Okay. Currently the wall is at 800.
So you can use the walls at this juncture because you're looking for leakage.
Wow. Look at how thin the call volume is. >> Wow. >> On this versus over here. Interesting. >> Very interesting. So what are we looking up at the top? my brain. 1180 60 118 Okay, so these are in 20s.
So this is going to be an expensive iron condor, but I think it's going to give us easy money right now.
>> Yeah. So yes, it's the for the $20, you know, I I would like to see a minimum of four. So it's right on the edge. If you want to go out there and say, "Listen, I want to sell this for 475 and you leave it in the queue," it's going to give you a pretty nice um a pretty nice opportunity for upside pressure.
But put an alert on this one. You want this alert if this 850 goes off, it's going to look really nice as long as it sweeps to 800 and then moves back up. So, you're really going to have to watch this.
It's losing pressure and momentum. So, it could easily drift down, but it's got a lot of Let me see what my trend line will look like. Right. So the trend line test it's sitting right there.
Now could we break and then recapture? Absolutely. And if Roshana does give us this down week even after what we had this week um we'll have a nice buying opportunity. Just give it time.
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