Market Notes for 4/5-4/9
Market finally broke the big 400 barrier on Thursday, expect to see some continuation at least through the early parts of the week, we should be locked in to buy any dip that comes in.
Indexes
$SPY - Futures ramp hard on good jobs numbers friday, we will see how we open. Pullback to 396-397 is an easy buy but if we dont get it resistance above at 405/409/414.
Interesting Options activity last week: 4/9 405C $500K @ 0.77
$QQQ - Tech at big resistance here but as long as we hold gap support should continue to move higher and get that gap fill above.
Interesting Options activity last week: 6/30 310P $3M @9.45.
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. Keep in mind that Apple has been terrible to trade.
Interesting Options activity last week: 4/23 125C $270k @ 2.70
$ABNB- Weekly is showing inside candle with volume dropping, indecision but keep buying the green zone with a stop at 160 IMO.
Interesting Options activity last week: 4/9 195C $130K @ 4.30
$AMD - Bounced off the 74-75 demand zone again, now weekly showing bullish engulfing candle enroute to 85-87 level which should see rejection.
Interesting Options activity last week: 4/9 77C $270K @ 4.45
$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: 8/20 105C $55K @ 3.50
$AMZN- Weekly closed above 3145, looking super bullish into next week, have an alert set at 3182 that is moon level.
Interesting Options activity last week: 4/9 3200C $309K @ 16.35
$BA- As long as 251 holds we should continue to see higher.
Interesting Options activity last week: 4/9 275C $28K @0.79
$BABA- Weekly chart here at trendline support so technically should bounce, a drop below 211 will be trouble.
Interesting Options activity last week: 4/16 240C $145K @1.50
$BIDU- retesting Head and Shoulder breakdown here last week and seeing rejection, see how this week goes, needs above 234 for long.
Interesting Options activity last week: 4/16 245C $900K @4.30
$BLDP- bounced off demand zone, above 26 gets this going.
Interesting Options activity last week: none
$COST- Broke out last week, breaking above 362 and its off to the races this week.
Interesting Options activity last week: 4/9 360C $56K @2.60
$CRWD- Hope you guys grab some shares last week, this needs to get above 200 and it can really move.
Interesting Options activity last week: 4/1 175C $188K @7.60
$DKNG- Bounced off trendline last week, watch the $64 area for a move higher.
Interesting Options activity last week: 4/9 64C $103K @1.48
$DOCU- Weekly bullish engulf candle, alert set at 210.5 for a monster rippy .
Interesting Options activity last week: 9/17 190P $450K @22.50
$EA- Box consolidation breakout last week now at resistance, will need to watch reaction here.
Interesting Options activity last week:none
$FB- backtesting breakout here last week and ramp hard, if we open above 298, should target 304.50.
Interesting Options activity last week: 4/16 295C 356K @ 10.75
$GOOGL - Big breakout happening here, look for monster move on this name this week.
Interesting Options activity last week: 4/16 2170C $790K @ 19.79
$IQ- expect the Demand zone to keep holding so good R/R long off of it.
Interesting Options activity last week: 6/18 25P $420K @8.39.
$LVS - Closed weekly in the 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: 4/16 62C $72K @1.60.
$NET - Breakout above $75 level, watch it this week.
Interesting Options activity last week: None
$NFLX - Looking like we are breaking out, upside target @ 543/557/570.
Interesting Options activity last week: 5/21 520C $472K @27.00.
$NIO - In no man's land atm, 34-35 demand zone and supply zone @ 45-46 level.
Interesting Options activity last week: 5/21 40C $400k+ @ 4.50
$NKE - 131-132 level is BTFD zone
Interesting Options activity last week: 4/16 140C $284K @0.64
$PINS - Buying demand zone paying off here, breaking out now targeting 83 level.
Interesting Options activity last week: 4/16 75C $360K @4.50.
$PTON- Long consolidation here, buy the zone and get paid.
Interesting Options activity last week: 4/16 125C $450K @3.15
$ROKU - fake breakdown and regain important 323 level, trade off this level and monster move coming above 363.
Interesting Options activity last week: 4/9 340C $208k @ 11.50.
$SNAP- Falling wedge setup here so watch for a breakout and/or rejection here.
Interesting Options activity last week: 4/9 53C $40K @2.75
$SQ - 2 Important levels to watch this week, 227 as support and 234 as resistance.
Interesting Options activity last week: 4/23 227.5C $1.7M @ 17.00
$TSLA - Might see a good sized gap up monday on production numbers so watch this supply zone for rejection.
Interesting Options activity last week: 4/9 680C $540K @ 18.50
$TWLO - Only decent play i see here is a retest and hold of the 335 area to take a long.
Interesting Options activity last week: 4/16 300P $512K @ 8.15