Notes: SPY gapped down and had a choppy red day. I have no hope or expectations for tomorrow as I think economic news and lots of major earnings throughout the rest of the week will cause some wicked price action. Trade safe tomorrow, and don't trust the moves. MMs love to set traps in setups like this.
Watchlist:
MRK - 2-1. One of my favorite stocks to play inside days on. Looking for more downside tomorrow but could be the start of a reversal. Calls above 106.48, puts below 105.50
CSCO - 2-1-1 on weekly, and 2-1 on daily. Looking weak. Ideally want to see us break to the downside tomorrow. Puts below 48.12. Calls above 48.50
FRC - 2-1 weekly, 3-1 daily. Looking incredibly strong. Good amount of room upwards to fill. Not a fan of the ATR on this one but good setup overall. Calls above 141.38
HCA - 3-1 on daily and weekly. Neutral. Calls above 257.45, puts below 251.08
LHX - 2-1 daily. Big run up on Friday from earnings . Looking for a retrace back down to pre ER levels. Puts below 210.49
SEDG - 2-1 daily and weekly. Inside days usually play out well on this one. In a wedge on daily and weekly. Neutral. Calls above 307.81, puts below 299.91
NFE - 2-1 daily and weekly. Neutral. Hoping for upside though. calls above 38.27, puts below 37.04
Honorable mentions - SPY , COST, TSLA , ACN , LCID, GOLD (commodity)
Watchlist:
MRK - 2-1. One of my favorite stocks to play inside days on. Looking for more downside tomorrow but could be the start of a reversal. Calls above 106.48, puts below 105.50
CSCO - 2-1-1 on weekly, and 2-1 on daily. Looking weak. Ideally want to see us break to the downside tomorrow. Puts below 48.12. Calls above 48.50
FRC - 2-1 weekly, 3-1 daily. Looking incredibly strong. Good amount of room upwards to fill. Not a fan of the ATR on this one but good setup overall. Calls above 141.38
HCA - 3-1 on daily and weekly. Neutral. Calls above 257.45, puts below 251.08
LHX - 2-1 daily. Big run up on Friday from earnings . Looking for a retrace back down to pre ER levels. Puts below 210.49
SEDG - 2-1 daily and weekly. Inside days usually play out well on this one. In a wedge on daily and weekly. Neutral. Calls above 307.81, puts below 299.91
NFE - 2-1 daily and weekly. Neutral. Hoping for upside though. calls above 38.27, puts below 37.04
Honorable mentions - SPY , COST, TSLA , ACN , LCID, GOLD (commodity)