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Our first trading service that leverages the power of Rangefinder to scan all our trade ideas across every service to find the most explosive breakouts as they occur. This is a high-octane scan for those looking for serious juice using options trades when markets are in uptrends.

Members receive:

  • Live Breakout Watch list in Rangefinder that continuously scans all open trades across all our trade idea services
  • New option trade ideas every week based on the best breakout setups surfaced by Rangefinder
  • Email and push notifications when new trades are entered
  • Live monitoring of all open options trades in Rangefinder
  • Weekly video recap of open breakout trades 

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Breakout Multiplier

Breakout Multiplier Portfolio Update: August 23, 2024

August 23, 2024

It's been over a month since we launched Breakout Multiplier, and oh boy have we been having fun!

We've navigated through some challenging market conditions, but it hasn’t stopped us from finding plenty of solid opportunities on the long side.

We've managed to secure several significant wins already. 

In this post we’ll review some of those winners and discuss how we’re handling our open positions.

We’ll do this at least once a week going forward.

Here’s our position tracker, updated as of this afternoon (click to enlarge):

Breakout Multiplier

The Hound is Wound

August 21, 2024

SoundHound AI $SOUN is working its way up the right-hand side of a massive rounding bottom formation.

This pattern appeared to resolve higher with authority in Q1 as SOUN rallied roughly 500% in a little over a month.

However, it has spent the last 6 months coiling in a wide-ranged symmetrical triangle pattern, right around the base breakout zone.

Price is currently sitting in a roughly 50% drawdown from the March highs, but this $5 level is a big one. It not only coincides with a critical polarity zone at the Q1 and Q2 highs from last year, but it is also where the AVWAP from the IPO comes into play.