8/19/2021 Watchlist Charts
08/19 Thursday Watchlist
$TSLA – The stock traded up 3.50% during market hours but was down 0.55% after hours. On the daily timeframe, TSLA was showing relative strength and held most of its gains despite the market sell off. TSLA does have Al day on Thursday (08/19), which could be a catalyst to possibly break the elusive 700 level wall. I would treat this most as a day trade until TSLA can hold above 700 as it would be easier to swing calls then. Keep an eye on the 696 level, if TSLA can break above with volume, it can test 700 to 710 level resistance. Above 710 level can test 714 to 730 level
resistance. We will consider puts if TSLA fails to hold above the 686 level, as it can pullback down to 680 to 675 level support.
Contract Suggestion:
Above 696 level: 700C 08/20 (111.6K Volume @6.20)
Below 686 level: 670P 08/20 (43.3K Volume @4.10
$DASH – The stock traded up 3.09% during market hours but was down 0.30% after hours. DASH was showing relative strength compared to the overall market as evidence by the strong bullish candle formed. The key level to watch for a break higher would be the 195 level as it’s been rejected 4 times already on the daily timeframe. Keep an eye on the 195 level, if DASH can break above with volume, it can test 200 to 208 level resistance. We will consider puts if DASH fails to hold above the 188 level, as it can pullback down to 186 to 179 level support.
Contract Suggestion:
Above 195 level: 200C 08/20 (1.3K Volume @0.79)
Below 188 level: 185P 08/20 (1.2K Volume @1.07)
$MARA – The stock traded up 0.42% during market hours and was up 0.23% after hours. On the daily timeframe and 4hr timeframe, MARA has been trading within an inside day candle while trading above the 200DMA. MARA follows closely with BTC so its price action can drastically influence MARA. On the daily timeframe, MARA is holding onto the 20DMA (30.37) as a key support but if it fails it, it can fall to 29 level support. Its learning more bearish on the daily due to MACD crossing red but the monthly and weekly timeframe indicates a bullish uptrend on a pullback. Calls looks better above 32.41 as it can test 35 to 36 level resistance.
Contract Suggestion:
Above 32.41 level: 32.5C 08/20 (3.1K Volume @0.36)
Below 30 level: 30P 08/20 (2K Volume @0.60)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Unemployment Jobs Data on Thursday (08/19) @ 5:30am PST/8:30am EST
- OPEX on Friday (08/20)