04/28/2022 Watchlist Chart

04/28/2022 Watchlist Chart

 

Watchlist for Thursday, 04/28/2022

 

On Wednesday, S&P 500 rose about 0.75% into after-hours, closing with a MOC imbalance 3.1B sell-side. Futures currently remain up after FB and other earnings beats.

 

$ES – Pivot 4196 | Levels above: 4212/4220/4240 | Levels below: 4172/4160/4140

 

$FB – The stock fell 3.32% during market hours but was up 18.34% after hours. FB reported its quarterly earnings report and received positive results. Currently, after hours, FB hit that 50DMA (208.44) as a resistance, but if we see a tech rally, FB is prime to test 235 this week. With after-hours price action, we see a nice falling wedge break out. Based on the after-hours price on FB, keep an eye on the 208 level, if FB can break above with volume, it can test 215 to 224 level resistance. Above 224 level, it can test 228 to 230 level resistance. Above 230 can test 235 (HARD RESISTANCE) to 240 level resistance. We will consider puts if FB fails to hold above the 200 level, as it can pull back down to 197 (9DMA) to 190 level support. Below that can drop down to 182.

Contract Suggestion:
Above 208 or B/T 200 level: 210C 04/29 (12.1K Volume @ 1.70)
Below 200 level: 180P 04/29 (6K Volume @ 15.00) – Watch for huge premium crush

 

 

$ZEN – The stock traded up 0.37% after hours. ZEN reports their quarterly earnings on Thursday (04/27) aftermarket closes with the weekly expiration pricing in a 10pt move in either direction. ZEN had been falling on every earnings as of late, but broke that streak with a 1.83% move up in the previous quarter. During Wednesday’s trading session, there was significant volume in the 140Cs 07/15 expiration at 20k Volume, and a staggering +19.21M cumulative net premium. There’s been some accumulation lately despite market sell-offs, with rumors of a potential M&A. On The daily timeframe, ZEN has been trading within a rising wedge but has continuous above-average volume as the stock moves higher. Keep an eye on the 126 level, if ZEN can break above with volume, it can test 128 to 131 level resistance. We will consider puts if ZEN fails to hold above the 122 level, as it can pull back down to 120 to 118 level support.

Contract Suggestion:
Above 126 level: 140C 07/15 (20.3K Volume @6.00) or 150C 07/15 (1.4K Volume @ 2.75)
Below 122 level: 115P 04/29 (445 Volume @2.85) – Wide Spreads

 

 

$SQ – The stock fell 0.54% during market hours but was up 2.32% after hours. SQ popped after hours from PYPL’s earnings report but one thing to note is that SQ price action is moderately affected by BTC movement. The daily on BTC has been very volatile and currently in consolidation. For SQ, it’s still in an overall downtrend and growth stocks got demolished from this market sell-off in the recent months. Keep an eye on the 100 level, if SQ can hold above this level, it can test 104 to 109 (9DMA) level resistance. Above 109 level, it can test 117 to 118 (50DMA) level resistance. We will consider puts if SQ fails to hold above the 95 levels (BIG SUPPORT) here as it’s a triple bottom on the weekly timeframe. If SQ fails this level, it can test 92 to 87 level support.

Contract Suggestion:
Above 100 level: 103C 0429 (1.5K Volume @2.55) or 105C 04/29 (994 Volume @ 1.82)
Below 95 level: 90P 04/29 (2.4K Volume @ 0.85)

 

 

***NEWS TO LOOK OUT FOR THIS WEEK***

  • Unemployment Claims Data on Thursday (04/28) at 5:30 am PST/8:30 am EST
  • Core PCE Price Index on Friday (04/29) at 5:30 am PST/8:30 am EST

 

 

 

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