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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.
MRNA (300% vs risk) -- short 100 commons risk 2 points for profit taking into 94 for 3 times risk
JD (100%+) -- short on 88 break, 86p from 1.60- 3.50
BA (100%+) -- 200c on dip toward 90-91, from 3 to 7
Yesterday's push seemed a bit weak and we are testing support in premarket. Overall will need to see. Looking weak open and the reversal into red to green unless major sell volume comes.
SPY -- Same plan. Ideally dip and rip off 359, otherwise break of 359 may bring 357/358 levels to be tested -- LEVELS: 352, 355,356.80, 359, 361, 362.60, 363.80, 366
NIO -- Given TSLA rally, and double bottom from 40s, watching for short squeeze back in 50s. reports after the bell today. Easier trade may be to trade for consolidation -- LEVELS: 32,38, 43, 44.60, 47.60, 50, 52
TSLA -- Expecting some profit taking as inclusion is a month out. That said if it gets volume over 465 and builds trend, can join long. Should give range in both directions today -- LEVELS: 420, 445, 450, 465, 480, 500, 521, 570
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