11/18 Best Idea For The Week Ahead

We closed out an unbelievable week, so many charts just look ready to explode but I have one in mind that has seen 3 very large blocks over 10,000 a piece bought over the last 3 weeks in a near $30B tech company looking for almost 40% upside in the next 6 months. I have a trade below that I put together which could net 100x return following the large trades I’ve seen recently but using a risk reversal that I would utilize to amplify the total return.

First though, the SPY closed at the high of the week for the 3rd straight week. You saw the chart of the IWM I posted yesterday, there just isn’t much looking bearish right now, so unless some bad news is about to emerge from left field, the market looks set to finish the year strong.

This has been an incredible 3 week run, the third year of presidential election cycles are typically the strongest and this one has not disappointed. This is just one big return to normal, lots of these names, especially the megacaps were overdone to the downside last year on all the fears of inflation and they’re mostly back to normal levels. I would temper expectations going forward for most names.