$SpaceX(SPCX)$ For anyone watching the technicals, there's a cup and handle pattern with resistance at $150. The stock is testing that level for the third time now. If it breaks through and closes above $150, there's open space all the way to $180-$200. Starship flight 14 is the main catalyst right now, along with Grok 4.7 and then earnings in early November. A successful Starship orbital flight could push the stock close to $200 before earnings. The shorts keep bringing up the unlocks, but each of the last two unlocks sent shares higher, not lower. SPCX still looks strong with every dip getting bought and institutional ownership climbing by the day.
Option watchlist for 9/07/2026. $Micron Technology(MU)$ - South Korea's AI push could give memory stocks a lift. The stock is breaking out of an ascending triangle pattern and holding the $1K key level on the daily. $1050 is the key level to watch for a move toward $1100 and $1200. $Bloom Energy Corp(BE)$ - The stock joins the S&P 500 on Sept 21st. Worth watching for continuation higher as the date approaches. Trendline resistance sits at $280. Watching closely for upside. $Apple(AAPL)$ - The stock is testing the 9 EMA on the daily with the event coming up. Watching for a bounce into the event on Wednesday. Trendline support at $315. If that fai
$Tradr 2X Long SNDK Daily ETF(SNXX)$ TRADR2X Long SNDK Daily ETF. Nobody's selling now. I wish I hadn't sold at $12 while I was in the hospital for 5 days. Got out Friday at 6:30 p.m. Oh well, but I still have my call options.
$SanDisk Corp.(SNDK)$ Relieved to have closed out those $1230 call options I carried over the weekend. Holding 10 calls 7DTE on SNDK was nerve-wracking, could have gone to zero pretty fast. That feels like a weight off. Now riding $Tradr 2X Long SNDK Daily ETF(SNXX)$ through Thursday's event. Managed to get in at $8.88.
$Applied Optoelectronics(AAOI)$ If you've got some pocket change, a LEAP around that strike for 2027 or later could be interesting. Exercising it when the stock trades above $225 would be juicy.
$SpaceX(SPCX)$ Calling someone out like that doesn't add much, but the chart point is worth noting. If you bought at the IPO like I did, you're not down 51% on this. The price is lower, sure, but understanding the chart matters. Some of the bearish takes on this are just lazy.
$IBM(IBM)$ Based on a two-stage free cash flow to equity model, IBM's intrinsic value comes out to around $327 per share. The stock looks about 35% undervalued, implying a potential upside of roughly 55% if it holds to that free cash flow outlook.
$SpaceX(SPCX)$ Orbital data centers could potentially eliminate electricity and cooling costs entirely. Space-based solar panels, which could be made by companies like SpaceX, are more efficient than ground-based ones, and the cold vacuum of space would remove the need for cooling systems. Such a setup would also use no water. From an ESG perspective, that seems like a strong point. It makes the idea of orbital data centers an interesting long-term investment concept to me.