Trade Idea: $HOOD – $106C by 7/25 | Bullish Setup

10 Tem

🧠 Thesis:
After topping out at $100, HOOD pulled back ~10%. I believe this recent pullback sets up a healthy base for a continuation move back toward $100+ in the coming sessions. If momentum kicks in, we could see a push toward the $106 level by expiration.

📊 Key Levels:

Resistance: $95.60 → $97.34 → $99.77 → $102 → $106

Support: $94.00 (uptrend line), $92.97 (higher low), $90.97 (must hold for bulls)

📌 Trade Strategy:
I'm scaling into the $106 Calls expiring 7/25.
Looking for:

A breakout above $97.34 to trigger upside momentum

Profit-taking zones around $99.77 and $102

Final target near $106 (ITM zone)

Risk is managed below $92.97.

🧭 Notes:
Watching broader market sentiment and QQQ correlation closely. Volume confirmation will be key on any breakout attempts.

5 gün önce

İşlem aktif

🧠 Thesis:
After topping out at $100, HOOD pulled back ~10%. I believe this recent pullback sets up a healthy base for a continuation move back toward $100+ in the coming sessions. If momentum kicks in, we could see a push toward the $106 level by expiration.

📊 Key Levels:
Resistance: $95.60 → $97.34 → $99.77 → $102 → $106
Support: $94.00 (uptrend line), $92.97 (higher low), $90.97 (must hold for bulls)

📌 Trade Strategy:
I'm scaling into the $106 Calls expiring 7/25.
Looking for:

A breakout above $97.34 to trigger upside momentum

Profit-taking zones around $99.77 and $102

Final target near $106 (ITM zone)

Risk is managed below $92.97

🧭 Notes:
Watching broader market sentiment and QQQ correlation closely. Volume confirmation will be key on any breakout attempts.

📈 UPDATE (07/14-2025):
I ended up scaling in further and grabbing one more contract just before market close last Friday. That extra entry worked out perfectly — we got the upside push early this week, and I closed the position for a +45% gain.

After being reminded that HOOD has earnings later this month, I decided to take profit and shift my focus. I’m now eyeing a longer-dated contract, potentially the HOOD 130C 8/15. These are a bit pricey, but the added time gives room to manage earnings volatility and scale out gradually into strength.