Good morning all.
Make sure to subscribe to BlackBoxStocks for the option flow and option flow alerts. Trading is a business, make sure you have the tools to support it. Only takes 1 good trade to pay for a year’s service.
Previous Watchlist Highlights
You can find great potential trades based on the watchlist. Combining price action, watchlist levels, and option flow can yield great results. Here are some highlights.
TIP: Pay attention to the tickers you don’t normally see are added to the list, usually outsized results can be found.
SPY (150%+) -- 10/13 353c after 350.50 cleared from 1 to 2.65
AAPL (200%+) -- 125c after dip hold from $1 to $3
WKHS (80%+) -- 27p after 30 push fail 1.50 to 2.70
Will be eyeing QQQs for tech sector. SPY has a lower high in premarket while QQQs are higher. Overall thinking we could see gap and go push early on the open and then some profit taking/consolidation into the afternoon.
SPY -- Watching for weak open 351.60-352 hold for push higher into 355+ but wouldn't be surprised if market takes a breather today -- LEVELS: 344, 347.80, 351, 353, 355, 358 BYND -- Jerks. based on price yesterday I wanted to get short today. Of course it gaps down 10pts! Push 186-188 on open for possible short entry. If stays heavy can dump into 170-180 quickly. -- LEVELS: 168, 175, 179.40, 186, 189 PDD -- Dips on 79.50 if it comes for a long. watch 81 as possible support for continuation into 85-90 over next 2 weeks -- LEVELS: 77, 79.50, 81.50, 83.70, 89.80 AAPL -- Looking for push on 127-130 ideally on open to get short otherwise dips on 123.50 to see if it holds and rallies. -- LEVELS: 120.50, 123, 127, 129.50, 136 AMZN -- Watching for trend. ideally dip and rip off 3430 for 3500+ or push fail on 3500 for a short scalp for consolidation action on the day. -- LEVELS: 3340, 3418, 3440, 3500, 3540, 3620
Post Earnings Plays
JPM -- nice beat. suggesting they may resume dividends in Q1. like dips on 103 risk vs 102 for a long otherwise if 102 breaks flip short for profit taking. -- LEVELS: 97.80, 100, 102.30, 104.70, 107 C -- nice gap up. 45.80 key level for upside or downside. might chase some long if it clears 47 -- LEVELS: 45, 45.80, 46.80, 48.60 FAST -- looking for pushes ideally into 46.50-47 on open to get short for sub 45 -- LEVELS: 43.50, 45.50, 47, 48.50
if you want an idea of how to trade the watchlist checkout https://youtu.be/L94u8bHZUk4 THIS POST AND ALL CONTENT ON THIS SITE REPRESENTS OPINIONS ONLY AND PROVIDED FOR EDUCATIONAL PURPOSES ONLY. CONTENT SHOULD NOT BE CONSIDERED ADVICE OR A RECOMMENDATION TO BUY OR SELL A SECURITY. PLEASE SEEK ADVICE FROM AN INVESTMENT PROFESSIONAL.