If you haven’t read the 01/10 watchlist, I recommend you do so before continuing.
Pretty mixed results today. Here’s how it went:
BA:
Gapped down and sold off into EOD. Failed play.
BAC:
Gapped up but then filled the gap and used our level as resistance. Failed play.
AMD:
Gapped down then rallied into close. Pretty good for scalps both ways, and got rejected at our level at EOD for a nice scalp on the sell-off/rejection. Decent pick.
DASH:
Gapped down and rallied into EOD. Good pick if you got in at open, but didn’t really give a good entry at our level. Decent pick.
ROKU:
Got rejected twice at our level throughout the day for decent scalping opportunities. Nice pick.
Watchlist for 01/11
Just a few picks today, but pretty high conviction.
SQ:
Bullish flow on at-the-money 1/14 calls going into EOD. I’m eyeing calls if the price stays above $143.71.
WFC:
Pretty bullish flow today. Could be in for a run-up to earnings? I’m eyeing calls if the price stays above $55.14.
PLTR:
Oh, Cathie… Why must you be the way you are? Bearish flow going into EOD with high premiums contracts expiring in a few weeks. I’m eyeing puts if the price stays below $16.60.
Good luck tomorrow!!!