Momo Market Roundup, 12/21/2021 — A Nice Rally After Yesterday’s Doldrums 

 December 22, 2021

By  spectre_trades

Today was an interesting day with lots of range — a nice change from yesterday's sludge. We saw nice little moves down in the morning, a chance to get long before a nice trend that ended with Biden's speech.  

All in all, a nice market rally, with the indexes moving higher on the strength of the bigger holdings.

Twinsie Moves from TSLA and AMZN

Tesla (TSLA) and Amazon (AMZN) had almost identical downside moves in the morning. TSLA tested the 920 level, a key one for the bulls. They couldn't claim it, so we got short and rode it into the sub-900s. The 900 puts went from $10-$12 to a high of $25!

In the case of AMZN, the 3300 puts went from $17 to $28. Perfect.

Both tickers set up nice upside moves after lunch. The TSLA 910 calls went from $14 to $33, while the AMZN calls went from $12 to $38 at the peak.

BA Finally Comes Back

After a long downtrend, Boeing (BA) offered a nice move up in the wake of news that UPS ordered several more planes. Once BA cleared the 190 level it went all the way up to 200 on a steady grinder. The 190 calls went from $3.5 to $10.

Member Trade of the Day

Edumomo member Ryu2 came back from yesterday's chop, going short and then long on TSLA to end the day up 17%! Way to rally. 


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Subscribe to our newsletter now!