Good morning all.

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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.

BA (300%+) -- 210c on dip from 1.50 to 6
TSLA (200%+) -- 440p on 460 reject from 5 to 15

Watchlist

More consolidation action with some tech weakness. gapped down and up overnight with weak housing starts news. No expectation on how things play out today. Short list today, focused on BA, NIO, and SQ

SPY -- Looks like double bottom off 359 and setup for upside but with weak housing starts, can go either way. same levels. -- LEVELS: 352, 355, 356.80, 359, 361, 362.60, 363.80, 366
BA -- Got the expected news. Looking for some profit taking on open or rip up into 230-233 and then exhaust, get profit taking and then needs to see if it want higher or not. If dips on 212-215 on open and holds will consider 220c -- LEVELS: 201, 208, 212, 215, 225, 234, 256, 275, 300
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
SQ -- Watching dips for possible run on 200 -- LEVELS: 180, 184, 187, 190, 194, 201, 206

Post Earnings Plays

NIO -- Overall thinking sub 40 coming in next week. Would like to get short on pops into 47 if it comes and risk vs 48.50 -- LEVELS: 32,38, 43, 44.60, 47.60, 50, 52

Save the Date — Webinar coming on Wednesday

if you want an idea of how to trade the watchlist checkout https://youtu.be/L94u8bHZUk4

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