Weekly Raid Daily Scan
Vital Updates Ahead
Hello Traders, First off My apologies for the long delay between newsletters.
Not that an excuse will work but my wife and I were both sick over the past few weeks so just getting everything all caught up again.
This is going to be on the longer side, but I promise it’s worth the read.
Some additional changes will be taking place here at the Weekly Raid.
First, we will be introducing a paid subscription. This will be a daily email with access to our proprietary scans and market outlook. This will be $15/month flat and will include access to the Viking Squeeze Scan, The Viking Reversion Scan, and the Raid Scan, all of which are explained in more detail below. In addition, this will include market commentary and potential trades through equities, options, and futures.
All existing subscribers who want access, please reach out to firstname.lastname@example.org with your name and email address. As long as you were a subscriber prior to this email I will work on getting you the largest discount substack will allow, potentially free if I can get that to work. That email was set up specifically for this purpose and will be deleted after 30 days.
Viking Squeeze Scan - This is a scan we developed over the past several years that analyzes a few different parameters like trend, momentum, and volume to output a list of stocks that are showing a squeeze potential. This is my favorite tool and routinely produces 5-7% moves in the underlying which often translate to 100+% trades in the options. This scanner has produced my all-time best trade, 7,200% on some calls that got caught in a gamma squeeze.
Viking Reversion Scan - This is a more basic mean reversion scanner that outputs equities that have traveled an excessive distance from their moving mean. It is a pretty simple scan but has a few additional filters like volume, level 2 activity, and buy/sell pressure in the options chains. This produces far fewer signals, but these usually perform well. This is still in Beta Testing and I am hoping to have this live and producing scan outputs for you all next month.
Raid Scan - This scan is still in the Alpha phases of development. It utilizes machine learning for pattern recognition to provide more precise entries. So far this is only being run on the SPY 0.00%↑, TSLA 0.00%↑ , AAPL 0.00%↑ , and GLD 0.00%↑ due to the computational requirements needed for this one. This is still a few months away but has some incredible early results.
How to Play These
This is NOT a signal service. The Entire purpose here is to just point you towards stocks that show promise of a move. How/If you choose to play them is completely up to you. My best results have come from longer-dated options and spreads. This is a personal preference though and you should have an existing trade plan in place. If this is something you need help with, please reach out and I can help you create one.
How to Read This Scan
There are 3 categories
Scanning/Blank - The ticker had no setup or signal
Squeezing - The squeeze is started, the longer the squeeze often the more powerful the release. I will include 7-10 days’ worth of data in the paid letters so you can see the lead-up.
Released - This is the day the signal fired. Just because it was in the past does not mean it’s not still a valid trade, I have entered up to 3 days late and they still work out with spreads.
These occasionally chop around for a few days before the move, so if going with naked options - BUY TIME.
The scan will have a little more curb appeal in the upcoming releases.
I think that the $15 (less than the cost of a cup of SBUX 0.00%↑ coffee every day) is an incredible value. Even if you use this for 1 trade a month I am confident it will pay itself back in spades.
I am looking forward to helping as many people as possible become profitable in 2024.