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optionsswing
May 29, 2022 8:53 PM

$ET $LIT $CIEN $SPY I OptionsSwing Watchlist Long

Ciena CorporationNYSE

Description

ET 1W I ET has been consolidating above $11.50 for some time. We have bullish unusual options activity betting on a retest of $12 by 10/21. Reports earnings on 08/02!

LIT 1D I Energy stocks and lithium stocks in general have been overperforming the market for the past two weeks. Watching for a breakout from this downtrend.

CIEN 4H I Bullish unusual activity picked up on our scanner. Possible breakout from this downtrend and fib extension. They are trading the 54c expiring on 06/03.

SPY 1D I A SPY made a double bottom near $385 last week and ended up breaking from its downtrend in just two sessions. Expecting resistance at $430, and support at $410.
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