If you haven’t read the 01/28 Watchlist, I recommend you do so before continuing.
Not a bad day for our picks on Friday. Here’s how it went.
COIN:
Only bad play on Friday, reversed with the market. Failed play
FB:
Used our level as support and gave two great scalpable runs. Great pick.
QCOM:
Gave two scalps, one with a break and retest of our level towards the AM and one scalp on a bounce off of our level towards EOD and ran into close. Great pick.
Watchlist for 01/31
NFLX:
A lot of big whales exiting bullish positions towards EOD even though the market reversed. I’m eyeing puts if the price stays below $390.
SNAP:
Had some very bullish flow towards EOD, mostly OTM monthly calls and a call spread from a whale. I’m eyeing calls if the price stays above $30.
UBER:
Same as SNAP, very bullish flow going into EOD, with whales buying OTM monthly calls and call spreads. I’m eyeing calls if the price stays above $35
Good luck tomorrow!!!