Hey guys, first watchlist im putting up for this sub. I trade mostly weekly options so thats what this list will focus on. I am not in the business of predicting moves, I am in the business of capitalizing on the moves that happen. So for this list, I will have both calls and puts being mentioned on the same stock. Who knows where this market will head at open today. I can most certainly see us fading down to mondays close before heading back up again, but take that with a grain of salt.
$AAPL 107 calls or 105 puts. Im leaning towards puts here, at least for the open. 106.15ish can be a problem so well keep an eye on that. Like i said, we could be fading to mondays close whn the bell rings so ride them down there, and reevaluate the trade. On the upside is 107.50- 108 http://ift.tt/1NU3sni
$PCLN 1220 calls or 1180 puts hard beast to tame, but she pays well. 1220 has been a wall, not just this week but in the past as well. I cant tell where this one will open as it rarely has any vol in premkt so it could gap up $15 out of nowhere at the bell. I suspect 1210 or around there. Looking at 1220 calls to ride to that wall, and hope for a break over if things go our way. If we fade at open, look for the 1180 puts. These are expensive options, so dont grab a huge postion. 5-10 will do just fine as they move so much http://ift.tt/1K1tyXU
$CMG 720 calls or 685 puts I typically hate shorting the guac, but in this environment i just want to make some money. The strikes here are a bit further out than the others as it likes to gap at open as well. Lower liquidity than the other names listed so spreads could be an issue. 720 has been keeping it down and 685 is support from the last year. be careful with this one http://ift.tt/1NU3uLJ
$TSLA 230 calls or 220 puts I have so many support/resistance lines on this one as I have traded it heavily in the past. 230 has been keeping us down this week and 220 is mondays close. As with the others, wait for the morning shake out before deciding to enter http://ift.tt/1K1tB5Q
Keep an eye on SPY and /ES for the direction well be heading this morning. Dont rush any of these. Also, its to be noted that PUTS are priced much higher than calls as we stand right now. You can do the same thing Ive just done with just about any stock. Look for the the next strike out on the upside or the downside, then look for some possible levels that have been a factor as of late. AMZN, NFLX, GOOG any of those will work just as well. These guys move so much that the options get such a nice net change. 5-10 contracts each is ideal.
Any question or comments, please let me know. Also, keep in mind this was written between 8-830 this morning so theres an hour before the bell so there could be some moves before the bell. in that case, just switch up the strikes to fit accordingly. You want the next stirke otm or a few out for calls or the next strike itm for puts.
thanks and stay profitable
Submitted August 26, 2015 at 08:35AM by TheFadedBull http://ift.tt/1heXoej
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