RECAP: Frustrating premarket to say the least for options trading. Commons short worked nice, but I really wanted to size in with options for the dump.
Good morning all. Here is my stock market watchlist for today. We are into Thanksgiving week. This is usually a low vol period that can give exaggerated range so be careful if trading and if you want to skip the week feel free to. Go enjoy time with family.
General market thoughts
Short list this morning. We may see more downside today. Another gap down. Things are looking pretty ugly. That said I would love to see short covering rip on open. Just not seeing any price action to show we have upside. So primary plan is to scalp short and keep a back up plan in place in case buying comes in to flip long.
RECAP: given how most tickers dropped right into the open (about a 90min past when I posted watchlist this morning) the bias went to getting long.
AAPL
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more downside likely - may see 175s. MS downgraded PT to 182.Recap
Dumped right into 175s for the long into 180s. Got short inot the 181 push for a nice quick scalp into 177-178 area. 100% For those with patience. I yield 30-60%. Hard to stay short given the big gap down. [/vc_column_text][/vc_column][/vc_row]AMD
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Thinking we see 16.50-17.50 today. Ideally we get a rip to test/fill the gap before new lows or new lows, and rip back up.Recap
nice dumping into 17-17.50 area and climb back back into 19. Nice secondary plan for new lows on open and rip up. [/vc_column_text][/vc_column][/vc_row]NVDA
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Wow gapped under 140. At this rate 120-125 may be in the cards.Recap
We got a dump into 133 and then agressive buying. I joined long on the Citron buy alert for a nice scalp [/vc_column_text][/vc_column][/vc_row]TSLA
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Holding pretty well. If this dumps I'd like to see 330s as an area for a bounce. Still think we see 400 in coming weeks.Recap
NIce gift sells into 335 to join with rally. still may get some dips / consolidation before it legs higher. [/vc_column_text][/vc_column][/vc_row]AMZN
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If tech continues to sell this may have another 200 pts of downside.Recap
Monster move up today. I missed joining this long. 1500 calls from the open had great returns.. [/vc_column_text][/vc_column][/vc_row]TGT
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Like 72s for a short.Recap
This plan got wrecked with the market weakness. but it did get to 71s, not quite 72 for a short. so no trade. [/vc_column_text][/vc_column][/vc_row]China names
Waiting for trade related news. Keeping the section but expecting some weakness and tug of war until news of actual deal. Trump likely doesn’t cave on anything major ahead of summit to avoid looking weak. Pence caused a mess for long over the weekend.
BABA
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Recap
Mide 140s consolidation. Eyes will def be on G20, if nothing comes of this may see 120s. [/vc_column_text][/vc_column][/vc_row]JD
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more gap down. if we see 18-19, I'll probably get some leaps.Recap
Almost to 18-19 area so no leaps yet. [/vc_column_text][/vc_column][/vc_row]PDD
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nice e/r reaction. Just don't know if it will have follow through in today's market.Recap
Early dump off of market and then monster squeeze into 24. Congrats to any PDD dip buyers under 20. [/vc_column_text][/vc_column][/vc_row]Pot names
Taking pot names off radar for now until we have another catalyst. If you want me to cover these names, please DM me/tweet at me.
Good luck, Trade Safe. Trade Green.
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