10/21/2021 Watchlist Chart
Watchlist for 10/21/2021
$COST – The stock traded up 0.58% during market hours but was down 0.19% after hours. On the daily timeframe, COST has been attempting to break above the ascending triangle near all-time high but was rejected for the 3rd time. Cost has been on of those stocks where you want to buy all the dips and hold forever. Keep an eye on the 471 level, if COST can break above with volume, it can test 480 to 491 level resistance. We will consider puts if cost fails to hold above the 468 level, as it can pullback down to 465 to 461 level support. We also see a golden cross on the 1 hour timeframe.
Contract Suggestion:
Above 471 level: 475C 10/29 (809 Volume @2.36) or 490C 11/19 (120 Volume @1.90)
Below 468 level: 462.SP 10/29 (407 Volume @2.26)
$WMT – The stock traded up 0.91% during market hours but was down 0.13% after hours. On the daily timeframe, WMT gapped up on Tuesday and managed to hold above the gap up after testing and holding the 50DMA (144,56). Its
currently trading within the golden pocket zone for the Fibonacci retracement, which would be a great entry point for
along. It also broke out of the wedge on the daily as well. Keep an eye on the 147 level or back test the 145 level, as it
can test 149 to 150 level resistance. We will consider puts if WMT fails to hold above the 144 level (5ODMA), as it can pullback down to 143 to 141 level support. WMT does move slow, so if you are playing options, make sure to get
further out expirations
Contract Suggestion:
Above 147 level or back test 145 level: 147C 10/29 (9K Volume 21.01) or 150C 11/19 (2.4K Volume
@1.68)
Below 144 level: 144P 10/29 (366 Volume 20,68)
$FDX – The stock traded up 0.86% during market hours but was down 0.08% after hours. On the daily timeframe, FDX consolidated and tested the 219-level support and managed to bounce and inching closer to the gap fil. We also see the daily moving averages curling up but still lacks significant volume on this push. Usually, FDX and UPS has a larger push as the holiday seasons are coming up and many people would be doing online shopping in the mist of the ongoing pandemic. Keep an eye on the 232 level, if FDX can break above with volume, it can test 235 and start to gap fill up to 239. Above 239 level, can test 245 to 248 (50DMA). We will consider puts if FDX fails to hold above the 227 level, as it can pullback down to 224 to 219 level support.
Contract Suggestion:
Above 232 level: 232.5C 10/22 (3.2K Volume @1.36) or 240C 11/19 (1.9K Volume @3.00
Below 227 level: 225P 10/29 (168 Volume 1.29)
$ATVI – The stock traded up 1.17% during market hours and was up 0.15% after hours. On the daily timeframe, ATV has a strong break out from the downtrend and managed to close at high of the day showing relative strength. There were multiple bullish sweeps coming in from last week for ATV with their earnings report on Tuesday (11/02). Its quickly approaching the 500MA (79.01) and above that can se it flying back to 85 level. Keep an eye on the 78 level, it ATVI can hold above this level, it can test 79 (5ODMA) to 80 level resistance. Above the 80 level, it can test 82 to 85 level resistance. We will consider puts if ATVi fails to hold above the 77 level, as it can pullback down to 75 to 73 level support.
Contract Suggestion:
Above 78 level: 80C 11/19/2K Volume @2.20) or 80C 12/17/5.76 Volume @2.97)
Below 77 level: 77P 10/29 (281 Volume 00.87)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Unemployment claims data on Thursday (10/21) at 5:30am PST/8:30am EST