Before we start….I might start writing here occasionally again to highlight the idea flow & data from the report. We’ve been putting that report out since 2020 and I don’t do that much marketing on it because it really is a tool that I personally use for myself and the fund but I am going to start to write more about the data/idea flow from it.

I already wrote a piece over the weekend here on “How to Use The Report” that tracks my IRA, a user with $70K and then one with $1.1 million.

Start there or read this then read that..

For those of you that use the report you know that there are 3 core sections of data and idea flows that we track and one of the data sets are in The Swing Monitor with both $HIMS ( ▲ 2.91% ) and $OKLO ( ▲ 3.25% ) making the list. The past few weeks these names have been at the top of my list (and HIMS for 2 years really since it’s never left the report since sub $6) because of the price-action. Both of these ideas for me fall into the ‘trading sardine’ bucket and nothing more but of course we have the catalysts and fundamental points tracked in the report for anyone to see - it’s just that for my personal use of the data it’s to trade them and that’s what I did today, for maybe the 50th time this year.

There’s a view that you have to worry about the SP500 and “the market” and for those that listen to the weekly video-cast the last two years you know that the way we run our LP and investment firm portfolios is long/short with names that are not tied to the broad market. In fact, the last few years we’ve been in a lot of turn arounds - $VFC ( ▲ 0.13% ), $BA ( ▲ 1.12% ) and $AAP ( ▼ 1.46% ) to name a few and they have also been in the report. So I think what happens with investors is that they don’t categorize their types of investments so when you get a day like today on $HIMS ( ▲ 2.91% ) and $OKLO ( ▲ 3.25% ) you might miss it because your view is that the broad market is “bearish” so in turn that means everything is bearish and that’s just never the case if you separate out companies and the data with them to generate idea flow.

We’re going to go through the position breakdowns in my PA on $HIMS ( ▲ 2.91% ) and $OKLO ( ▲ 3.25% ) in the members section but let’s just go over $HIMS ( ▲ 2.91% ) with an elevator pitch. The data in the report gets updated each week by the interns and for names like $HIMS ( ▲ 2.91% ) (or really many) there’s not always a need for a new update, despite what people think as they search for news articles of unusual call flows to fit their bias. So when my interns go in each week to update each ticker and section I go through, check to see what they added, if they missed anything then update the price action/commentary section on each name.

This week on $HIMS there was no real significant news but if you watched the charts section last week on the pod/videocast I talked about what had to happen for a rally. We don’t need to update the name each night or each day for that matter because we know the catalysts/tailwinds/headwinds already so we’re already biased toward a direction which means it just becomes a case of executing on the position like I did today.

There are a lot of ways to use this data/report and the key is knowing that we do the fundamental research first then add on the price-action overlay. This gives me a direction on what to expect on a certain ticker in the report and when that happens I can come in each week knowing what I am already interested in and what is still cooking in the oven. This week a few of the momo names in the report that were ready (and maybe still are) were $HIMS ( ▲ 2.91% ) and $OKLO ( ▲ 3.25% ) so I am going to just break down data > price chart analysis > execution so that readers can get a perspective on how I go about using this report week in and week out to generate ideas of all sorts.

Disclaimer: Before I get into this - these ARE NOT trade suggestions at all. Do not go out and put these trades on tomorrow or ask me where I am selling. I am not interested in making this a device for following me - if you want that the AST Alerts are what we have for that.

This should not be a new name for many of you here that have been here. One, I talk about it each week on the video cast and two, I have talked about it sub $6 a share years ago. This name doesn’t leave the report each week - some weeks we can trade it like I did today, some weeks we can ignore it. However, until it stops moving the way it does and until they stop the growth there it remains in and for me remains a trading sardine style position.

New Opens:

I already owned other positions on the name below including some long term March 2025 $50 strikes at $16.10 a piece.

Let’s get into why the new adds today and then why the other long-term strikes.

Sometimes you need to go to the prior report to see the price action notes - $52 was key this week for me and $44 was support but because I know where we are I know that this is key to watch today and given the daily chart set up I knew that we could check back but that overall we had potential to be bullish.

The notes said $52 though so why take a position ahead of that?

This is where the report gets dynamic in many ways and maybe writing some of these a few times a month will help.

I already have notes on the name because they’re in the report and then there are price commentary notes. As a reader you should look at those notes then either expand on them to see what your view is (you can disagree and pass) then go to the price chart and mark up relevant levels. That’s the process each week and most of you make it more complicated than this which defeats the entire purpose of having a report with quick read notes that is this dynamic.

When you use this report the idea is to know AHEAD of time what is in play which I can promise you the majority of arm-chair investors do not which is why people still call into Jim Cramer, tweet at me on X for ideas and watch Fast Money.

Conclusion:

You can day trade this move short-term or long-term based on what you take from the report. For some, they have long-term views on it and may hold long-term LEAPs because they took the notes and did their own work. For me, I did both: traded it and hold some, in fact, I may trade it long again this week intraday if it sets up again and it won’t leave the report - this is key because some of you believe you need new names each day and you don’t. If this pulls back to $47-$50s and it holds I might buy it again or if we just open up and run I might trade it into the next spot. Or I may just leave it alone and let the long-term options run until we gap fill above at $63s.

This stock has a terrible balance sheet, they just had a $400 mil dilution and have the option for $600 mil more so if a reader of this report who was a value investor picked this up and looked at it like “this guy is an idiot” then I wouldn’t argue it. But this is in this report for one reason and one reason alone: it’s a growth/momo name that retail traders who could, in my view, care less about financials care about and because of that it moves with force like you saw today up +11% or $6 or so.

So the first thing is the commentary/price notes as always. It tried last week and this week $56-$58s were key as it said. That being said, if you were tracking it like I was, it became a name to watch here today.

Also important: the targets were already somewhat known so before each idea I look at potential soft-targets, soft meaning they can change.

New Opens:

I took on those 4 position opens today. The majority size was on the this weeks 58.50s and 60 strikes with a 10 lot I think on the 60s and 5 lot on the $58.50s and I sold those off today into the close and kept a few. What you see there is what is left overnight into tomorrows action.

Conclusion:

This type of move being +11% is common when this name moves but I don’t want to bet on the long-term prospects here because I don’t really invest into growth names too much like that. Just like $HIMS ( ▲ 2.91% ) just because I took this today doesn’t mean I am done with it - I’ll keep watching the key levels on this. As far as price goes, I have my levels marked out and a move like today where it moved that quick makes me cover pretty close to my first soft target at $64s there so I wouldn’t be surprised at a check back tomorrow to shake out the late longs today that finally saw it up and jammed into calls to chase the momo - to be clear I was long by 9:45 am today and added into it later. Usually, after a day like today - it will check back and shake out the tourists but that just means I still track it and look for the next leg up ont his to $68s then maybe higher in end of the week.