11/19/2021 Watchlist Chart

11/19/2021 Watchlist Chart

 

Watchlist for 11/19/2021

 

$AMZN – The stock traded up 4.14% during market hours and was up 0.06% after hours. Crazy move by AMZN, with a147pt move today. There was multiple bullish flow on that 3600Cs despite how it was trading towards the beginning of the week. On the daily frame, AMZN closed a strong bullish engulfing candle after breaking out of that bullish flag. Keep an eye on the 3726 level or back test 3700 level (expecting a gap up with now /NQ futures are looking now), it can test 3759 to 3768 level resistance. Above 3768 level, it can test 3773 (ATH level) to 3780 level resistance. We will consider puts if AMZN fails to hold above the 3700 level, as it can pullback down to 3592 to 3671 level support.

Contract Suggestion:
Above 3726 or B/T 3700 level: 3800C 11/19 @ (15.2K Volume @3.45)
Below 3700 level: 3650P 11/19 (8.5K Volume @7.10)

 

 

$GOOGL – The stock traded up 1.21% during market hours and was up 0.14% after ours. GOOGL has been setting up for a test at ATH (3012) level again after being rejected twice. There were multiple flows of the 3000Cs this week with Friday’s expiration. On the daily timeframe, GOOGL managed to close a strong bullish candle with MACD flipping green again, but not enough volume to hold above the 3000 level. On the 1hr timeframe, GOOGL also trading in a tight wedge. With QQQ making new ATH, GOOGL has a chance to push to new highs again. Keep an eye on the 3000 level, if GOOGL can break above with volume, it can test 3012 to 3019 level. Above 3019 level, it can test 3028 to 3050 level resistance. We will consider puts if GOOGL fails to hold above the 2990 level, as it can pullback down to 2981 to 2977 level support.

Contract Suggestion:
Above 3000 level: 3020C 11/19 (8.3K Volume @4.30) or 3100C 11/26 (5.2K Volume @8.10)
Below 2990 level: 2970P 11/19 (1.16 Volume @2.25)

 

 

$SHOP – The stock traded up 2.66% during market hours and was up 0.16% after hours. News broke out from SHOP that they were testing out a new feature that would compete with AMZN which caused it to pop towards the end of the day. On the 4hr timeframe, SHOP has been flagging and with QQQ at highs, SHOP has the potential to test ATH level and break higher. Keep an eye on the 1690 level, as it can test 1700 level to 1714 level (ATH level). Above 1714 level, it can possible test 1724 to 1741 level resistance. We will consider puts if SHOP fails to hold above the 1680 level, as it can pullback down to 1655 to 1650 level support. SHOP options have wide spreads, to beware playing SHOP. Always limit order for those with wider spreads to avoid bad fills on contracts.

Contract Suggestion:
Above 1690 level: 1750C 11/19 (5.8K Volume @5.50)
Below 1680 level: 1640P 11/19 (543 Volume @5.60)

 

 

$NVDA – The stock traded up 8.25% during market hours and was up 0.94% after hours. Despite NVDA closed a bearish candle on the daily timeframe, it still managed to hold above the gap up from their earnings report. There’s a gap that can be filled from 313 to 305 level. If we start to see tech pullback or the semiconductor sector showing weakness, NVDA is a great candidate for puts on the pullback. Keep an eye on the 315 level, as it can start to fill the gap down to 313 to 310 level support. Calls look much better above 317 as it can test 323 to 328 level resistance. What’s interesting as there’s some flow on those 350Cs in December that was bought up at that 313 dip.

Contract Suggestion:
Above 317 level: 325C 11/19 (66.8K Volume @1.55) or 350C 12/17 (7.2K Volume @6.80)
Below 315 level: 310P 11/19 (29.9K Volume @1.65)

 

 

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

 

  • OPEX on Friday (11/19) – expect volatility this week

 

 

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