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Free Weekly Stock Market Commentary 6/12/2026

By Lawrence G. McMillan In all, the correction from the early June highs to the lows of this week was about 5%. That was enough to at least temporarily remove the "bullish" designation from the $SPX chart. The Index has now fallen below its 20-day moving average, and there is resistance in the 7500-7520 area. A rise back above that area might be enough to restore the bullish scenario, but for the now the index is in a short-term negative trend. There is support at this week's lows, 7237. Furthermore, there is a stronger support area in the 7050-7175 range, where $SPX traded in the latter half of April. Finally, there is major support at 7000, which had been resistance all during January and February. A decline below 7000 would be very negative for the chart and for stocks in general. Equit
Free Weekly Stock Market Commentary 6/12/2026

TRADE PLAN for LOTTO Friday πŸ“ˆ

TRADE PLAN for LOTTO Friday πŸ“ˆ $S&P 500(.SPX)$ wow what a day.. We got Iran news and SPX ran 140+ points fast. SPX above 7400 can set up for a push to 7500 again. SPX June 12 7440C is best above 7400 $Micron Technology(MU)$ looks ready for the 1000 test. MU through 1000 can run to 1100. $SanDisk Corp.(SNDK)$ printed a new ATH today.. 2000 coming. MU June 12 1040C is best above 980 $Invesco QQQ(QQQ)$ dropped to 695 at the lows and ran to 714+ today. If QQQ hold above 708 tomorrow we can see a push back to 722 QQQ June 12 722C is best above 715 Good luck tmrw
TRADE PLAN for LOTTO Friday πŸ“ˆ

🎯 $Cisco Systems, Inc. (CSCO) Options Strategy: Bull Call Spread

$Cisco(CSCO)$ - Underlying: CSCO - View: Cautiously Optimistic / Oversold Rebound. Expecting consolidation with a potential breakout above $127. - Strategy Type: Debit Spread (Directional, Limited Risk) - Option Contract Portfolio: - Buy 1 CSCO 19 Jun 2026 $125 Call - Sell 1 CSCO 19 Jun 2026 $128 Call - Max Gain & Loss: Max Gain = $300 (per spread). Max Loss = Net Debit Paid (~$170). - Initial Cost/Credit: Debit of ~$1.70 per share.
🎯 $Cisco Systems, Inc. (CSCO) Options Strategy: Bull Call Spread

🎯 $Everpure(P) Options Strategy: Bull Call Spread (Debit Spread)

$Everpure(P)$ - Underlying: Everpure (P) - View: Cautiously optimistic for a short-term bounce from oversold conditions, targeting a move towards resistance at $75-$81. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1x P 2026-07-17 $70 Call @ $8.35 (mid) - Sell 1x P 2026-07-17 $80 Call @ $3.95 (mid) - Max Gain & Loss: - Max Gain: $600 per spread (($80 - $70) * 100 - $440) - Max Loss: $440 per spread (Net Debit) - Initial Cost/Credit: Debit of ~$4.40 per share ($440 per spread)
🎯 $Everpure(P) Options Strategy: Bull Call Spread (Debit Spread)

🎯 $Skyworks Solutions(SWKS) Options Strategy: Bull Call Spread

$Skyworks Solutions(SWKS)$ - Underlying: SWKS - View: Cautiously optimistic, expecting a rebound towards resistance. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 SWKS 17 Jul 2026 $75.00 Call @ $6.25 (mid-price) - Sell 1 SWKS 17 Jul 2026 $80.00 Call @ $4.20 (mid-price) - Max Gain & Loss: Max Gain = $495 (($80 - $75) * 100 - $205). Max Loss = $205 (Net Debit). - Initial Cost/Credit: Debit of $205.
🎯 $Skyworks Solutions(SWKS) Options Strategy: Bull Call Spread

🎯 $Pinterest, Inc.(PINS) Options Strategy: Bull Put Spread (Credit Spread)

$Pinterest, Inc.(PINS)$ - Underlying: PINS - View: Cautiously Bullish / Expecting consolidation above support before a move higher. Aim to capitalize on elevated IV and positive theta decay. - Strategy Type: Credit Spread / Defined Risk - Option Contract Portfolio: - Sell 1 PINS 2026-06-18 $20.00 Put @ $0.18 (Mid Price) - Buy 1 PINS 2026-06-18 $19.00 Put @ $0.075 (Mid Price) - Max Gain & Loss: Max Gain = Net Credit = $0.105 per spread. Max Loss = (Strike Difference - Net Credit) = $0.895 per spread. - Initial Cost/Credit: Net Credit of $0.105 per share ($10.5 per spread).
🎯 $Pinterest, Inc.(PINS) Options Strategy: Bull Put Spread (Credit Spread)

🎯 $Broadcom Inc. (AVGO) Options Strategy: Bull Call Spread (Debit Spread)

$Broadcom(AVGO)$ - Underlying: AVGO - View: Cautiously Optimistic / Short-term oversold rebound. Expecting consolidation with a slight upward bias towards the $405-$410 resistance zone. - Strategy Type: Bullish Debit Spread (Directional, Limited Risk/Reward) - Option Contract Portfolio: - Buy 1 AVGO 19-Jun-2026 $400 Call - Sell 1 AVGO 19-Jun-2026 $410 Call - Max Gain & Loss: - Max Gain: (Higher Strike - Lower Strike - Net Debit) * 100 = ($410 - $400 - Net Debit) * 100. Limited. - Max Loss: Limited to the net debit paid. - Initial Cost/Credit: Net Debit (e.g., ~$4.50 estimated from chain data).
🎯 $Broadcom Inc. (AVGO) Options Strategy: Bull Call Spread (Debit Spread)

🎯 $lululemon athletica (LULU) Options Strategy: Bull Put Spread (Short-Term, Credit)

$Lululemon Athletica(LULU)$ - Underlying: LULU - View: Cautiously optimistic for a short-term oversold bounce within a $115-$125 consolidation range. - Strategy Type: Credit Spread / Defined Risk - Option Contract Portfolio: - Sell 1 LULU 2026-06-12 $115.00 Put @ $1.48 (Mid) - Buy 1 LULU 2026-06-12 $110.00 Put @ $0.38 (Mid) - Max Gain & Loss: Max Gain = $110 Credit, Max Loss = $390 Debit - Initial Cost/Credit: Initial Credit of ~$1.10 (per spread)
🎯 $lululemon athletica (LULU) Options Strategy: Bull Put Spread (Short-Term, Credit)

🎯 $Affirm Holdings, Inc.(AFRM) Options Strategy: Bull Call Spread (Debit Spread)

$Affirm Holdings, Inc.(AFRM)$ - Underlying: AFRM - View: Cautiously optimistic for a short-term oversold rebound, targeting a move towards resistance at $69.56. - Strategy Type: Bullish Debit Spread / Directional - Option Contract Portfolio: - Buy 1x AFRM 19 JUL 2026 $66.00 Call @ $2.76 (Mid) - Sell 1x AFRM 19 JUL 2026 $70.00 Call @ $1.33 (Mid) - Max Gain & Loss: Max Gain: $157 | Max Loss: $143 - Initial Cost/Credit: Net Debit: ~$1.43
🎯 $Affirm Holdings, Inc.(AFRM) Options Strategy: Bull Call Spread (Debit Spread)

🎯 $Etsy, Inc.(ETSY) Options Strategy: Bull Call Spread

$Etsy(ETSY)$ - Underlying: ETSY - View: Cautiously Optimistic (Bullish breakout potential towards $72-$75, but RSI near overbought suggests near-term consolidation risk. Undervalued per valuation metrics). - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 ETSY 19 Jun 2026 $70.00 Call @ $2.01 (Mid Price) - Sell 1 ETSY 19 Jun 2026 $75.00 Call @ $0.76 (Mid Price) - Max Gain & Loss: Max Gain = $5.00 - $1.25 = $3.75 per spread. Max Loss = Net Debit of $1.25 per spread. - Initial Cost/Credit: Debit of $1.25 per spread.
🎯 $Etsy, Inc.(ETSY) Options Strategy: Bull Call Spread

🎯 $Intuit Inc. (INTU) Options Strategy: Bull Call Spread

$Intuit(INTU)$ - Underlying: INTU - View: Cautiously optimistic for a short-term oversold bounce, expecting consolidation in the $295-$310 range with a potential test of the $306-$310 resistance zone. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1x INTU 9 JUN 2026 $300.00 Call @ ~$14.55 (mid) - Sell 1x INTU 9 JUN 2026 $310.00 Call @ ~$5.95 (mid) - Max Gain & Loss: Max Gain = $540 (Width of Spread - Net Debit). Max Loss = $460 (Net Debit Paid). - Initial Cost/Credit: Net Debit of ~$8.60 per spread.
🎯 $Intuit Inc. (INTU) Options Strategy: Bull Call Spread

🎯 $Western Digital(WDC) Options Strategy: Short Iron Condor

$Western Digital(WDC)$ - Underlying: WDC - View: Neutral/Range-Bound Consolidation. Expecting the stock to trade between key support ($519) and resistance ($553) over the next week. - Strategy Type: Credit Spread / Non-Directional / High Probability Income - Option Contract Portfolio: - Sell 1x WDC 2026-06-12 540 Call @ $15.53 (Mid Price) - Buy 1x WDC 2026-06-12 545 Call @ $13.40 (Mid Price) - Sell 1x WDC 2026-06-12 515 Put @ $26.15 (Mid Price) - Buy 1x WDC 2026-06-12 510 Put @ $21.90 (Mid Price) - Max Gain & Loss: Max Gain = Net Credit Received ($6.38). Max Loss = Width of Spreads ($5) - Net Credit ($6.38) = -$1.38 (Theoretical, due to high premium). - Initial Cost/Credit: Initial Net Credit of ~$6.38 per condor.
🎯 $Western Digital(WDC) Options Strategy: Short Iron Condor

🎯 $3D Systems Corp(DDD) Options Strategy: Bull Put Spread (Credit Spread)

$3D Systems(DDD)$ - Underlying: DDD - View: Cautiously optimistic, expecting consolidation above $2.90 with potential to test $3.37 resistance. The stock has stabilized post-offering, and RSI is rising from oversold levels. The extremely low IV Percentile (11.95%) suggests options are cheap, favoring premium selling strategies. - Strategy Type: Credit Spread / Defined Risk - Option Contract Portfolio: - Sell 1 DDD Put, Strike $2.50, Expiry 2026-07-17 - Buy 1 DDD Put, Strike $2.00, Expiry 2026-07-17 - Max Gain & Loss: - Max Gain: Net Credit Received = ~$0.10 (Mid: $0.125 - $0.025) - Max Loss: (Strike Difference - Net Credit) = ($0.50 - $0.10) = $0.40 per share - Initial Cost/Credit: Initial Net Credit of ~$0.10 per share.
🎯 $3D Systems Corp(DDD) Options Strategy: Bull Put Spread (Credit Spread)

🎯 $Interactive Brokers (IBKR) Options Strategy: Bull Call Spread (Debit Spread)

$Interactive Brokers(IBKR)$ - Underlying: IBKR - View: Bullish (Strong momentum, MACD turning positive, near 52-week high with analyst upgrades). - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1x IBKR June 18, 2026 Call @ $87.0 Strike (Mid Price: ~$3.03) - Sell 1x IBKR June 18, 2026 Call @ $90.0 Strike (Mid Price: ~$1.68) - Max Gain & Loss: Max Gain = $197, Max Loss = $135 (per spread) - Initial Cost/Credit: Net Debit of ~$1.35 per share ($135 per spread).
🎯 $Interactive Brokers (IBKR) Options Strategy: Bull Call Spread (Debit Spread)

🎯 $Best Buy Co., Inc. (BBY) Options Strategy: Bull Call Spread

$Best Buy(BBY)$ - Underlying: BBY - View: Cautiously optimistic, targeting a break above immediate resistance at $75.78. The strong Q1 results and positive momentum (RSI ~69.6) support a bullish bias, but proximity to resistance suggests a defined-risk approach. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 BBY 17 Jul 2026 $74.00 Call @ $1.60 (Mid-Price: $1.45 Ask) - Sell 1 BBY 17 Jul 2026 $80.00 Call @ $0.41 (Mid-Price: $0.375 Bid) - Max Gain & Loss: - Max Gain: $600 [($80 - $74 strike difference - $1.19 net debit) * 100] - Max Loss: $119 [Net Debit Paid] - Initial Cost/Credit: Net Debit of ~$119 per spread.
🎯 $Best Buy Co., Inc. (BBY) Options Strategy: Bull Call Spread

🎯 $Tesla, Inc.(TSLA) Options Strategy: Bull Call Spread

$Tesla Motors(TSLA)$ - Underlying: TSLA View: Cautiously optimistic, short-term oversold bounce, expecting an upward breakout from the $395 - $415 range, targeting $433. Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 TSLA 2026-06-20 $410 Call @ $5.70 (mid) - Sell 1 TSLA 2026-06-20 $425 Call @ $1.33 (mid) - Max Gain & Loss: - Max Gain = (425 - 410) - Net Debit = $15 - $4.37 = $10.63 per spread - Max Loss = Net Debit = $4.37 per spread - Initial Cost/Credit: Debit of $4.37 per spread
🎯 $Tesla, Inc.(TSLA) Options Strategy: Bull Call Spread

🎯 $Jumia Technologies AG(JMIA) Options Strategy: Bull Call Spread (Debit Spread)

$Jumia Technologies AG(JMIA)$ - Underlying: JMIA - View: Cautiously optimistic for a short-term, oversold bounce. The primary target is a move towards the $8.73 resistance, but a failure to hold $6.72 support could lead to further downside. - Strategy Type: Bullish Debit Spread / Directional - Option Contract Portfolio: - Buy 1 JMIA 2026-06-18 $7.00 Call @ $0.35 (Mid) - Sell 1 JMIA 2026-06-18 $8.00 Call @ $0.075 (Mid) - Max Gain & Loss: Max Gain = $0.725 ($72.5 per spread). Max Loss = $0.275 ($27.5 per spread). - Initial Cost/Credit: Net Debit = $0.275 per spread.
🎯 $Jumia Technologies AG(JMIA) Options Strategy: Bull Call Spread (Debit Spread)

🎯 $Advanced Micro Devices, Inc. (AMD) Options Strategy: Bull Put Spread (Credit Spread)

$Advanced Micro Devices(AMD)$ - Underlying: AMD - View: Cautiously Optimistic / Bullish Consolidation. We expect the stock to hold above a key support level, allowing us to profit from time decay and high IV. - Strategy Type: Bullish, Credit Spread, Volatility Selling - Option Contract Portfolio: - Sell 1 AMD Put @ $475 Strike (Exp: 2026-06-18) - Buy 1 AMD Put @ $465 Strike (Exp: 2026-06-18) - Max Gain & Loss: Max Gain = Net Credit Received ($1.50). Max Loss = ($475 - $465) - Net Credit = $8.50. - Initial Cost/Credit: Initial Credit of ~$1.50 per spread.
🎯 $Advanced Micro Devices, Inc. (AMD) Options Strategy: Bull Put Spread (Credit Spread)

🎯 $DexCom, Inc. (DXCM) Options Strategy: Bull Call Spread

$DexCom(DXCM)$ - Underlying: DXCM - View: Bullish momentum, targeting a break above $78 resistance, with RSI indicating potential for short-term consolidation/pullback. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 DXCM 19 Jun 2026 $77.00 Call @ $2.60 (mid-price) - Sell 1 DXCM 19 Jun 2026 $81.00 Call @ $0.95 (mid-price) - Max Gain & Loss: Max Gain: $235, Max Loss: $165 - Initial Cost/Credit: Net Debit of $1.65 per spread.
🎯 $DexCom, Inc. (DXCM) Options Strategy: Bull Call Spread

🎯 $Ambarella, Inc. (AMBA) Options Strategy: Bull Call Spread (Debit Spread)

$Ambarella(AMBA)$ - Underlying: AMBA - View: Cautiously Optimistic / Oversold Rebound. Expecting a move towards the $70-$72 resistance zone, but not a full-blown breakout. - Strategy Type: Debit Spread / Directional Bullish - Option Contract Portfolio: - Buy 1 AMBA 2026-06-18 $70.00 Call @ ~$3.25 (mid) - Sell 1 AMBA 2026-06-18 $72.50 Call @ ~$1.925 (mid) - Max Gain & Loss: Max Gain: ~$67.5 [(72.5 - 70) - 1.325 net debit] * 100. Max Loss: ~$132.5 (Initial Net Debit). - Initial Cost/Credit: Debit of ~$132.5.
🎯 $Ambarella, Inc. (AMBA) Options Strategy: Bull Call Spread (Debit Spread)