Market Notes for 4/26-4/30
Fireworks week with big tech earnings everyday of the week so expect big movements after hours. Don't try to gamble on earnings, most of the time it is just not worth it because you have to hit on so many aspects of it, i say 90% of the time you lose money playing it.
Indexes
$SPY - Crazy move on friday kind of negated all the bearishness on the chart (eliminated this H&S play and the lower high play). This yellow zone will be a big battle, holding it will be bullish and should make new ATH, losing it and we probably retest last weeks lows.
Interesting Options activity last week: 4/30 415P $1M @2.00.
$QQQ -340 Zone important to hold above to stay bullish, 335 will be major pivot for downside move.
Interesting Options activity last week: 4/30 338P $1.0M @2.99.
Stocks
$AAPL- Double bottom breakout and retest on friday, 134 is a big pivot with topside target supply zone 136-137. Big Tech earnings almost everyday so be careful when swinging.
Interesting Options activity last week: 4/30 132C $2.2M @4.75
$ABNB- Failed below demand zone but regained towards the end of week, set alert for 181.50 to take some calls as that will be big breakout point.
Interesting Options activity last week: 4/30 180C $82K @ 2.88
$AMD - Good amount of buying friday so could see a runup prior to earnings tuesday, above 87 can run 90+.
Interesting Options activity last week: 5/7 90C $406K @ 1.17
$AMZN- In a tough area to really do anything, I have an alert set at 3436 which we could see a break higher prior to earnings thursday.
Interesting Options activity last week: 5/21 3400C $1.9M @84.48
$BA- Not really worth trading ATM, just wait for 260 breakout with earnings wednesday morning.
Interesting Options activity last week: 4/23 255C $50K @2.96
$BIDU- Still below Head and Shoulder breakdown here but starting to look better making a higher low which you can take a long time against but really needs to break out of this zone to really get moving. China names seems to be outperforming the market so keep that in mind.
Interesting Options activity last week: 5/7 235C $336K @2.58
$BYND- On top of my watchlist this week, inside week printed, have an alert set at 140.5 for major breakout.
Interesting Options activity last week: 4/30 134C $32K @1.85
$COST- Looking a little tired after the big ramp but 380 is still possible can buy the 366/355 pullback.
Interesting Options activity last week: None
$CRM- Setting up for big breakout of this DTLR, watch closely around this 239 level.
Interesting Options activity last week: 11/19 220C $444K @26.00
$DASH- Weekly inside candle, i have alert at 155 for breakout targeting 161+.
Interesting Options activity last week: 4/30 165C $40K @1.57
$DKNG- Buy the red demand area.
Interesting Options activity last week: 4/30 60C $311K @0.80
$DOCU- Inside week, wait for breakout trigger 234.
Interesting Options activity last week: 4/30 225C $73K @3.65
$ETSY- Getting tight so could be ready for a big move, watching 222 as breakout above and 200 as breakdown.
Interesting Options activity last week: 5/7 225P 340K @ 13.50
$FB- Inisde day on friday, watch this move above 303 monday.
Interesting Options activity last week: 4/30 305C $1.2M @ 6.44
$IQ- Still in demand zone, better buy than sell here IMO.
Interesting Options activity last week: 1/21 17.5C $90K @2.70.
$JD - still in big area of demand, expect to see this get some bounce action this week.
Interesting Options activity last week: 4/30 75C $108K @2.41.
$NFLX - Big Sub earnings missed last week but held where it needed to, waiting for 516+ to trade.
Interesting Options activity last week: 4/30 510C $117K @5.25.
$NIO - Big breakout last week, don't think we are done here, can see 45 before earnings thursday.
Interesting Options activity last week: 5/7 47C $132K @ 0.68
$PLTR- Forming tight triangle so big move could be coming soon.
Interesting Options activity last week: 5/21 23C $80K @1.70
$PTON- Forming this nasty H&S, watch for a breakdown.
Interesting Options activity last week: 4/30 94P $25K @1.00
$SNAP- Forming this massive iH&S, watch above 64 for big breakout to ATH.
Interesting Options activity last week: 4/30 61C $23K @0.87
$TSLA - Inside week and above demand zone but earnings monday will determine everything.
Interesting Options activity last week: 4/30 850C $50K @ 1.64
$UBER - Held support where it needed to so still overall bullish.
Interesting Options activity last week: 5/21 60C $95K @2.09