Today's trade is in a name that currently sports a 15% short interest which equates to approximately 7 days to cover. This could be significant fuel for a blast off if the current post-earnings momentum propels this stock above 52-week highs.

The countdown to launch is ticking, so lets get involved.

There's been a lot of "bad" news thrown in Tesla's direction this year. And it's played out in the stock's price. But here's the thing -- bad news is often the worst at the bottom.

And zooming out on a longer time frame, it looks like $TSLA shares may be beginning to turn the corner.

I'm mindful that coming into this afternoon's Fed meeting lots can change following whatever is said after 2pm ET.

That said, there's a pretty compelling opportunity to sell some premium in the gold space, at strikes that are comfortably far away, increasing our odds of success.

In today's Flow Show, Steve Strazza laid out the case of how both the Nasdaq 100 and Chinese tech stocks (particularly Chinese internet) might be signaling an important rise in speculative appetite which could fuel the next bull run.

Of the names Steve shared, the one that made the most sense to me was JD.com $JD. Check out this chart:

The hangover from the massive ramp in NVIDIA $NVDA is shown pretty clearly in the current premiums in out-of-the-money options.

The big moves -- in both directions -- are still fresh memories for all participants in this stock over the past several months.

This sets up an opportunity to put on a high-probability bet that the range in $NVDA will consolidate a bit here.

I came into today's Flow Show not having much of an appetite for any aggressively bullish bets. But by the show's end, I'm putting on a straight gamble! How the hell did that happen? Watch the video above to find out.

The chart and setup that piqued my interest is this one in Riot Platforms $RIOT:

During this recent stock market pullback, one stock that has stood out for its strength against the tide of selling is Google.

And with earnings slated for next week, the options market is pricing in some extra premiums that make some kind of short premium play advantageous.

We're going to use this premium to get positioned for a resumption of the upward trend in $GOOGL.

<meta name="twitter:image" content="http://allstarcharts.com/wp-content/uploads/2019/04/options-twitter-image.jpg" />

Berkshire Hathaway stock $BRK/B has traded down for eleven of the past thirteen trading days. That's not something you see often.

Call me sentimental, but watching implied volatility in Berkshire options creep up to its highest levels of the year feels like a gift to naked put sellers. So I'm going to take advantage.

In today's Flow Show, me and Steve Strazza took a look at some potential directional bets, but we both agreed that the right trade for today is one that would benefit from some sideways trading action.

With the broader markets looking a bit indecisive here, making a strong directional bet (in either direction) feels like a high-risk proposition. But there's a big cap name currently stuck in a range that is offering us nice options premiums to bet on further sideways action. We'll likely have to hold through an earnings event to earn our profit, but with a defined risk and a large margin for error, I like our chances.

We're looking abroad for today's trade in a company involved in the manufacturing and sale of connectivity and sensor solutions.

The stock is breaking out of a multi-year base and it offers us a nearby risk management level to keep our stop tight which means the potential for nice gains versus a smaller risk of loss.

Traders have made a lot of noise about the recent correction in Apple. And yes, the selloff has been large (for Apple).

But with daily trading volumes beginning to wane, it feels to me that the run has begun to exhaust itself and bears will have one more last-ditch opportunity with earnings on the horizon.

Barring something unusual, I think there will be something to disappoint both bears and bulls alike, amounting to a whole lot of nothing. Which sets up the perfect time for a sideways bet.