We broke that $6970 area Dan talked about this week in the newsletter which is a good sign for the broad markets right now and a lot of names on my list are triggering new ideas.

There is one that we traded this Summer that has come back to life again for me and it just so happened today that I saw some flows on the options chain (in addition to the chart) that got my attention. What I also saw after searching the $cash tag on X today was the usual nonsense of people reading into a “whale” that bought 2027 puts.

It’s stuff like this where reading options flows becomes hard for the average trader to actual use and the exact reason why I am price-action and charts first, options flows second. One, $262K is not a lot of money in the grand scheme and two, who cares when you only look at stuff like this with zero context.

The biggest thing I ever took away from learning from Dan was context because without it you only get part of the story and with part of the story you don’t have a thesis.

So, yes the trade I am going to update you all on tonight is $AFRM ( ▲ 3.91% ) and what I am: