(Over 17.5 for calls)
Rationale: On Jan 5, Luminar Technologies holds a joint press conference at CES with Volvo Cars to discuss their vision of the future of automotive safety and autonomy. Shares of Luminar have rallied in the past after media appearances.
AMD 143 - 144 BOUNCE
Rationale: Bounce off trendline on the daily chart
News catalyst: AMD hosts its 2022 Product Premiere event at CES to highlight innovations and solutions featuring upcoming AMD Ryzen processors and AMD Radeon graphics.
(Over 11.3 for calls)
or 10.8 bounce
(Bounce off 10.8 levels for calls)
News Catalyst: "Nikola Gets Order For 10 Nikola Tre With An Option For Up To 100" -https://insideevs.com/news/556723/nikola-tre-loi-100-trucks/
MU 94 BOUNCE
or 92.7-93 BOUNCE
Post earnings report rally
Buy into weakness at the bounce levels
News Catalyst: "Micron Technology (MU) shares were up nearly 5% to trade at $94.84 on Thursday, as more than 25 million shares changed hands shortly before 2:30 p.m. EST. Over the past five trading sessions, Micron has risen more than 16%, compared to a...
(Over $126 for calls)
Technical analysis: Bull flag breakout
News catalyst: "Alibaba Group Holding Limited (NYSE:BABA) hosts a two-day virtual Investor Day event with senior management scheduled to give talks. BABA has traded with extra volatility the day of and day after prior investor days."
$LOW $260 bounce
(Bounce off 260 for calls)
Technical analysis: Bull flag breakout on the hourly chart
News catalyst: "Lowe's holds a Financial Outlook event. The home improvement retailer is expected to focus some of its commentary on operating margin opportunities. Expect some analysis following the event on whether or not Lowe's can close the margin gap...
(Over 124 for calls)
Descending triangle on the daily chart
After triangle consolidation, looking for a breakout
News catalyst: Ralph Lauren Dropped a Digital Winter-Themed Collection Exclusively on Roblox
$F 21.2 bounce
(Bounce level off demand for Calls)
Technical analysis: Bull flag on the daily chart
News catalyst: Ford announced Friday afternoon that it aims to make 300,000 Mustang Mach-E crossovers for North America and China by 2023.
$MRNA $308 or $300 bounce
(If we get below then reclaim these levels, take a position for calls)
Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300
Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
(Below 387 for puts)
Price targets: $383, $375
Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24