HaiKhuu Daily Report - 02/21/2025
Good morning, and happy Friday!!!
Wow, this week has flown by, and we’ve seen some fantastic opportunities to trade, realize gains, and have an amazing time. $SPY is relatively neutral when writing this report, but conditions still look strong as traders are both comfortable and confident in these conditions.
Continued to make the most out of these market conditions, beware of chop, and do what you can to realize significant gains. Traders will have a great time regardless of everything, it just depends on where you allocate, and how that play works out. This should be an extremely easy and quick way to end the week, so make some good plays, follow the general market momentum, and realize some gains.
I will be looking to sell some CSPs, so make sure to read the full report!
Good luck trading today, and let’s realize significant gains!!!
The updated $SPY daily levels are as follows:
Conversion Line Support: $605.87
Baseline Support: $595.79
Psychological Support: $600
Daily Cloud Support: $589.87
Thoughts & Comments from Yesterday - 02/20/2025
Yesterday was a tough day for the markets without a significant amount of opportunity. There was slow bullish chop, but overall conditions were less than idea. Markets looked relatively trashy, and I am happy that not many losses were generated in the process. Hopefully, you all had a wonderful time and were able to realize some gains, but at the same time, regardless of what the market conditions did, traders were presented with many great opportunities to trade!
So, we started the day with $SPY opening at $611.51. Market conditions were looking relatively weak as $SPY opened the day below the previous close, and watched as market conditions continued to remain relatively weak throughout the morning, continually making new lows of the day, all the way until the end of the lunchtime lull, where $SPY made the official low of the day trading at $607.02.
Thankfully, after the bottom, markets did start to move back up in the afternoon, slowly trickling up with weak bullish momentum. Opportunities were not strong, traders were not confident, but at the same time, there was alright momentum for the back half of the trading day, and watched as $SPY went on to continually make new relative highs all the way until close, where we officially ended the day with $SPY trading at $610.38, down $2.50 for the day, or down roughly 0.4%.
What I will say about yesterday is that there were great opportunities to attempt to trade, but it was extremely difficult to realize gains consistently (looking in hindsight). Apologies again for being MIA yesterday, but I should be around for the majority of today, so let’s have some fun, realize some gains, and print some money to enjoy this weekend!!!
S&P 500 Heat Map - 02/20/2025
Thoughts & Comments for Today - 02/21/2025
Today should be a fun time for the markets. With the market confusion that we are seeing at the moment, we are going to see some insane opportunities that will look amazing in hindsight and difficulties in allocating with confidence. In my opinion, the amount of realized gains you can generate today will be extremely skewed. Those who take on risk and allocate correctly will print and have an amazing time, while others who unfortunately do make bad positions or time their play out wrong will have an extremely difficult time remaining solvent as chop and emotion will try and get to you. It will be interesting to see where conditions take us and where we go from there.
One play that I think is a really interesting move today is selling CSPs. I will say that this is not the best time to attempt to sell CSPs as $SPY is at an all-time high, and conditions are looking relatively strong, but that, too, is the reason why I believe selling CSPs is going to be amazing today. I am looking at taking on some more risk today with $PLTR. They are a “great” organization that has been hit extremely hard over the previous couple of days as a result of the government issues going on with D.O.G.E cutting budgets, and $PLTR has dropped from the top ropes. I still believe that $PLTR is still heavily overvalued and I believe that realistically, it can and will continue to come down, but I think as a result of this, people are going to pay a dumb amount of premium to attempt to get into those puts.
So, what I am looking at today is to attempt to enter HIGHLY OTM $PLTR 0-DTE CSPs today. If you do not understand selling option premium, do not attempt to make this play, but if you do understand selling premium, look at the $PLTR 0-DTE premium that is currently available. Look to go as OTM as possible and understand the risks that you are taking when you are attempting to allocate. Yesterday, the $100P CSP was trading at $6.50 when it was ITM, but it is currently trading at $0.35, down roughly 95% in less than a single trading day. So, I will be looking for the chance to catch a $PLTR nose dive and attempt to sell CSPs when I am confident doing so around what “I” believe is the bottom.
If you do not know about CSPs, please send us a message or check out the options education room. As I said before, this is not the best time to sell CSPs, but this is a great time to attempt to learn about them, so when market conditions do inevitably come down, then you will be ready and prepared!
For my allocations today, I do plan on trading. I want to focus more on the short-term opportunities to scalp today after not being able to scalp yesterday. I am not going to be overly aggressive, but I would love to have a little bit of fun and realize some gains while attempting to trade before the weekend. I am excited about this and am optimistic about these conditions today. I will NOT be gambling with 0-DTEs but will be doing equity scalps, so be on the look out for that!
If I see any opportunities, or if I decide to get into any other plays, I’ll announce what I see in the HaiKhuu Discord.
My Personal Watchlist:
Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities
Watchlist:
$SPY, $GRYP, $PLTR, $TSLA, $RIVN, $NVDA, $QDTE, $DG, $AIFF, $INTC
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN / $DG / $BA
Economic News for 02/21/2025 (ET):
Services PMI - 9:45 AM
Manufacturing PMI - 9:45 AM
Consumer Sentiment - 10:00 AM
Existing Home Sales 10:00 AM
Notable Earnings for 02/21/2025
Pre-Market Earnings:
TXMN Energy (TXMN)
Vipshop Holdings (VIPS)
Telephone and Data Systems (TDS)
United States Cellular (USM)
Atmus Filtration Technologies (ATMU)
Wrap up
Hopefully, markets are beautiful today and provide us with some amazing opportunities to trade and realize gains. People should have a great time and can realize gains with relative ease today, so make sure to protect your bottom line, but do what you can to make the most out of today. Let’s enjoy the rest of today, and have another wonderful weekend!
Good luck trading, and let’s end this week strong!!!