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.

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

Watchlist

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
BA -- Expecting to see 737 max certification this week. Weak with market. Overall still looking for 200+ but break of 197.80 may bring some profit taking. -- LEVELS: 185, 192, 198, 203, 206.50, 211.50
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
AMZN -- Online pharmacy launch, watching for dips -- LEVELS: 3080, 3120, 3160, 3195, 3220, 3260
ZM -- Reclaimed 400 watching dips and squeeze if clears over 410 -- LEVELS: 375, 395, 405, 410, 425, 450

Post Earnings Plays

DKNG -- Watching for dip and build for long swing off 42 -- LEVELS: 40, 42, 43.50, 45, 46.50, 50
WMT -- Looking for profit taking -- LEVELS: 142, 147.50, 151, 153

Save the Date — Webinar coming on Wednesday

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.

©2020 Edumomo LLC | Terms of Use | Privacy Policy

Log in with your credentials

Forgot your details?