05/20/2022 Watchlist Chart

05/20/2022 Watchlist Chart

 

Watchlist for 05/20/2022

 

On Thursday, $SPY ranged almost perfectly between the 387-392 levels. Before the market close, We mentioned that the MOC imbalance was $1.2B to the sell-side. We continued to fall into the close but then recovered after hours. Futures are currently up +0.90% after hours.

 

$AAPL – The stock fell 2.46% during market hours but was up 0.69% after hours. On the daily timeframe, AAPL continues to be shorted ever since Michael Burry announced his short position. There is potential for a possible relief bounce as RSI is still oversold on the 2H. The overall trend is down but there may be a relief bounce soon on the daily. Also, on the daily timeframe, AAPL broke down the overall flag and is now moving to a possible test to the 130 to 125 level soon with this sell volume. Keep an eye on the 138 or backtest 136 level, as it can test 141 to 145 (near 9DMA) level resistance. Under 1336 or 138 rejection, can pullback down to 132 to 130 level support.

Contract Suggestion:
Above 138 or B/T 136 level: 140C 05/20 (134.2K Volume @ 0.56) or 140C 05/27 (32K Volume @ 2.22)
Below 136 or 138 Rejection: 135P 05/20 (107.4K Volume @ 0.71)

 

 

$ROKU – The stock traded up 2.14% during market hours and was up 0.65% after hours. Growth stocks were getting some love today after being destroyed for the past few months. On the daily timeframe, ROKU has been trading within a tight wedge with low volume. Usually, when a stock is compressed (consolidates), it’s setting itself up for an explosive move in either direction. When using volume profiling, that 100 level is a huge launchpad for ROKU to test the 50DMA (108.89), but vice versa that it can act as a resistance as well. Keep an eye on the 100 level, if ROKU can break above with volume, it can test 108 (50DMA) to 115 level resistance. Above 115 level, it can test 125 to 135 (100DMA) level. We will consider puts if ROKU fails to hold above the 92 or 100 level rejection, as it can pull back down to 88 to 85 level support. Below that can drop down to 80 to 75 level support.

Contract Suggestion:
Above 100 level: 105C 05/27 (147 Volume @ 2.29)
Below 92 or 100 level rejection: 90P 05/20 (754 Volume @ 0.34) or 95P 05/20 (786 Volume @ 1.39)

 

 

$TSLA – The stock was up 0.78% after hours. Lots of activity on 6/21 calls, but caution is advised as cumulative net premiums are still negative (-$64.58M). Keep an eye on the 714 level or backtest 700 (strong support) as it can test 730 to 744 level resistance. Above 744 level, it can test 752 (near 9DMA) to 770 to 786 (hard resistance). Above that can test 800 to 820 level resistance. We will consider puts if TSLA fails to hold above the 700 level, as it can pull back down to 680 (previous LOD last Thursday) to 675 level support. Below that can drop down to 660 to 644 to 630 level support. Below that can drop down to 618 to 600 level support.

Contract Suggestion:
Above 714 or B/T 700 level: 730C 05/20 (28.2K Volume @ 5.20) or 740C 05/20 (26.3K Volume @ 3.10)
Below 700 level: 680P 05/20 (39.3K Volume @ 3.80)

 

 

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

 

  • OPEX on Friday (05/20)

 

 

 

 

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