Market Notes for 3/29-4/2
Can't wait for the month of march to be over, I think every week this month has featured a bear and bull trap so just trade it carefully by taking small profits and not go for the home run 10 bagger trade. This week also marks the end of the 1st quarter, expect some craziness as funds rebalance.
Indexes
$SPY - Market was able to hold above 390 on Friday then mega ramped EOD, 389.5-390 zone will remain as an important area to hold for the bull run to continue. The 396.6-397 zone here should be the final boss, get over it and we should see 400.
Interesting Options activity last week: 3/29 390P $4M @ 1.20
$QQQ - Tech has been the weak link lately, really need to see it climb above 319 this week.
Interesting Options activity last week: 3/31 300P $1M @0.57.
Stocks
$AAPL- Bouncing between 2 zones here 120-121 demand zone and 123-123.50 supply zone, apple above 123.40 will be short term bullish retesting possibly 127.65-128.65 supply zone.
Interesting Options activity last week: 4/9 122C $660k @ 1.80
$ABNB- Came into a big area of support confluence last week, a nice spot to take a long with stop below 160.
Interesting Options activity last week: 4/1 220C $30K @ 0.40
$AMD - Been bouncing above 74-75 demand zone so if market starts to bounce could see this move to 85-87 supply zone in confluence with downtrend so good spot to take profit and short,
Interesting Options activity last week: 5/21 70P $435K @ 2.10
$ATVI - At support with big bullish flow coming in all week targeting the 5/21 95C, as long as 91 level is supported should continue to move upwards.
Interesting Options activity last week: 5/21 95C $1M @ 3.35
$AMZN- Alot of up and down, waiting for a daily close above 3145 to confirm bullish. Resistance above at 3114/3125/3145, support below at 2975/2950
Interesting Options activity last week: 4/1 3200C $72K @ 2.50
$BA- 247 Aggressive long entry with 251 safer long entry here on BA.
Interesting Options activity last week: 4/16 270C $117K @2.35
$BABA- Weekly chart here at trendline support so technically should bounce, a drop below 211 will be trouble.
Interesting Options activity last week: 4/1 220P $630K @5.05
$BIDU- Head and Shoulder breakdown here last week but watch the reaction on a retest here this week.
Interesting Options activity last week: 4/16 245C $900K @4.30
$BLDP- In demand zone again, long with a stop at 20.
Interesting Options activity last week: 5/21 30C $45K @1.70
$COST- Great run last week now hitting trendline resistance, breaking above 362 and its off to the races.
Interesting Options activity last week: 4/16 335C $326K @8.60
$CRWD- Been trying to wait for this to hit 155 to buy but could bottom here at previous low, can start to accumulate some shares here if u like the name.
Interesting Options activity last week: 4/1 150P $30K @0.29
$DKNG- Pullback to 60 i take a shot at the long but bearish engulfing candle on friday so careful.
Interesting Options activity last week: 5/21 90C $90K @0.85
$DOCU- This demand zone has been holding forever so keep buying off of it until it fails.
Interesting Options activity last week: 4/16 190P $550K @4.40
$EA- Box consolidation here above 133 i am bullish, below 127 can try a short.
Interesting Options activity last week: 6/18 145C $38K @2.50.
$FB- backtesting breakout here, not a bad spot to take a shot long targeting 292/297/304.
Interesting Options activity last week: 4/16 305C $230K @2.24
$GOOGL - Keep going to what's been working, buy the demand zone and sell the supply zone.
Interesting Options activity last week: 5/21 2080C $8M @ 67.50
$IQ- BIg drop last week, hit the Demand zone at 14.5-15.5 and bounced, expect this zone to keep holding so good R/R long off of it.
Interesting Options activity last week: 6/18 25C $67K @0.89.
$LVS - Demand zone at 60-62, can take a long here, there has been massive bullish flow on this name for the past few weeks.
Interesting Options activity last week: 4/1 61C for $44K @0.87.
$NET - need to regain the breakdown 71.50 level and it will move fast.
Interesting Options activity last week: 7/16 90C $107K @3.59.
$NFLX - will only look for longs above 518 targeting a breakout above 527.
Interesting Options activity last week: 4/9 502.5C $221K @12.85.
$NIO - Needs to hold $35 level, looking for this to bounce back to supply 45-46 level.
Interesting Options activity last week: 4/16 44C $444k+ @ 0.75
$NKE - 131-132 level is BTFD zone
Interesting Options activity last week: 4/16 140C $100K @0.90
$PDD - Protecting the gap, take a shot long here with stop at last week’s low.
Interesting Options activity last week: 6/18 120C $17.5M @ 17.50.
$PINS - Keep buying the demand zone here.
Interesting Options activity last week: 4/16 70C $50K @ 2.50.
$PTON- Keep buying the zone!
Interesting Options activity last week: 7/16 120C $1M @8.85
$ROKU - Needs above 323, don't touch until then.
Interesting Options activity last week: 4/1 300P $300k @ 9.89.
$SNAP- Keep buying the zone
Interesting Options activity last week: 4/1 55.5C $220K @0.55
$SQ - Keep buying the zone.
Interesting Options activity last week: 4/16 220C $315K @ 7.00
$TSLA - In the buy zone, can see it push back toward 700 but needs to hold 600.
Interesting Options activity last week: 4/16 800C $266K @ 2.97
$TWLO - In a good support area, really gets going above 335.
Interesting Options activity last week: 4/16 300P $512K @ 8.15