10/18/2021 Watchlist Chart

10/18/2021 Watchlist Chart

 

Watchlist for 10/18/2021

 

$AMZN – The stock traded up 3.31% during market hours and was up 0.09% after hours. During last Friday’s trading
sessions, AMZN made an amazing 100+pt run and managed to close a strong bullish engulfing candle on the daily
timeframe. The daily MACD flipped green with RSI above 55 is very bullish. Keep an eye on the 3410 level or back test the 3400 level, then it can test 3434 to 3448 level resistance. We will consider puts if AMZN fails to hold above the 3400 level, it can pullback down to 3388 to 3367 level support.

Contract Suggestion:
Above 3410 level: 3500C 10/22 (11.3 Volume @13.25)
Below 3400 level: 3300P 10/22 (3.1K Volume @9.30)

 

$SNAP – The stock traded up 0.91% during market hours and was up 0.44% after hours. SNAP reports earnings on
Thursday (10/21) and has been trading in a range since the last gap up from earnings report. Its currently coiling in a
tight range, so if SNAP beats again, there’s another chance of a gap up again. The daily MACD flipped green with RSI
hovering above 50 still bullish. Keep an eye on the 79 level (has been rejected 7 times), if SNAP can break above with
volume, it can test 81 to 83 level resistance. We will consider puts if SNAP fails to hold above the 76 level, as it can pullback down to 75 to 73 level support. If you decide to play SNAP earnings w/o the crazy volatility, you can also play TWTR or FB as sympathy play.

Contract Suggestion:
Above 79 level: BOC 10/22 (6.3K Volume @3.20)
Below 76 level: 75P 10/22 (2.4K Volume 03:20)

 

$TSLA – The stock traded up 3.02% during market hours and was up 0.71% after hours. TSLA was showing relative strength compared to the market ahead of their earnings report on Wednesday (10/20). On the daily timeframe, we started to see a continuation of the wedge break out and TSLA managed to close a strong bullish engulfing candle on last Friday. Keep an eye on the 851 level or back test of the 835 level, as it can test 859 to 880 level resistance. We will consider puts if TSLA fails to hold above the 835 level, as it can pullback down to B07 to 800 level support.

Contract Suggestion:
Above 851 level or back test 835 level: 880C 10/22 (11.4 Volume 6.60)
Below 835 level: 800P 10/22 (6.4K Volume @10.50)

 

$PYPL – The stock traded up 0.71% during market hours and was up 0.17% after hours. On the daily timeframe, PYPL formed a double bottom around the 256 level and managed to bounce and above this level multiple times. Currently its approaching a key level to break out towards the upside with earnings coming up on Thursday (10/21). Keep an eye on the 270 level, If PYPL can break above with volume, it can test 273 to 277 level resistance. We  will consider puts if PYPL fails to hold above the 266 level (2000 MA), as it can pullback down to 263 to 256 level support.

Contract Suggestion:
Above 270 level: 275C 10/22 (1.3K Volume @1.04)
Below 266 level: 265P 10/22 (1.1K Volume @2.00)

 

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

  • Unemployment claims data on Thursday (10/21) at 5:30am PST/8:30am EST

 

 

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