Under the surface, many of these names are coiling in tight ranges—building energy for their next move.
That includes the banks.
I’ve got my eye on Citigroup $C, which stands out as one of the cleanest setups in the group right now.
Price is consolidating at a key resistance zone, and with volatility compressing, I think this coil could pop and deliver quick gains.
This is an extra-short term setup, similar to PLTR off the April lows. We’re just betting on a bull flag resolution being underway now- and that gives us high odds of a swift double.
Here’s the play:
I’m buying the $C 7/18 $82.5 calls for approximately $1.00 per contract.
Next up, we’re doing something similar, but in the large-cap tech space. We’re betting this flag in Micron $MU resolves higher and kicks off a big reaction leg at this key polarity zone.
Just look at what a major level MU is taking out here around 100.
It’s the prior-cycle highs, and it's the VWAP from all-time highs. And if we were to zoom out, you’d see that it is also the dot-com bubble highs.
The bottom line is there is a boatload of price memory here, making it the perfect place to enter and bet on this flag resolving higher.
We’re buying the $MU 7/18 $120 calls for about $2.40.
If you don’t have enough time to get into these by the close, don’t worry. You should be able to get them in the morning no problem.
