9/14/2021 Watchlist Charts
Watchlist for 09/14/2021
$FVRR – The stock traded up 4.82% during market hours and was up 0.54% after hours. FVRR was showing relative strength for most of the day despite the initial market dump at open. On the daily timeframe, PVR has been consolidating in a tight range before the range break out during Monday’s trading sessions. If the market bounces back higher, FVRR would be a great candidate for calls. Keep an eye on the 191 level, if FVRR can break above with volume, it can test 195 to 200 level resistance. We will consider puts if FVRR fails to hold above the 186 level, as it can pullback down to 185 to 180 level support.
Contract Suggestion:
Above 191 level: 200C 09/17 (3K Volume @1.50)
Below 186 level: 180P 09/17 (337 Volume 2.00)
$SNOW – The stock fell 0.03% during market hours and was down 0.77% after hours. The dip buyers came in in droves once SNOW touched back at the 300 level support and managed to close SNOW as a doji despite the market pullback. It was showing relative strength relative to the overall market and we may see another pop near highs again if we get enough volume. Keep an eye on the 319 level, if SNOW can break above with volume, it can test 324 to 335 level resistance. We will consider puts if SNOW fails to hold above the 317 level, as it can pullback down to 314 to 311 level support
Contract Suggestion:
Above 319 level: 330C 09/17 (1.4K Volume @2.20)
Below 317 level: 310P 09/17 (2K Volume @3.70)
$TSLA – The stock traded up 0.91% during market hours but was flat after hours. TSLA was also showing relative strength compared to the overall market. TSLA was able to bounce off the 200MA on the 1hr timeframe and ramped up to close near highs towards the end of the day. On the daily timeframe, it managed to close a strong bullish pinbar. If we see a continuation on TSLA into tomorrow, this can rally back to 770s again. Keep an eye on the 744 level, ifTSLA can break above with volume, it can test 752 to 764 level resistance. We will consider puts if TSLA fails to hold above the 742 level (SODMA on the 1hr), then it can pullback down to 735 to 730 level support.
Contract Suggestion:
Above 744 level: 760C 09/17 (9.6K Volume @4.50)
Below 742 level: 720P 09/17 (32.8K Volume @5.85)
$NVDA – The stock fell 1.45% during market hours and was down 0.03% after hours. NVDA has been consolidating in a range between 230 and 220 level. That 230 level still remains to be a break out level and may need some time before a large move higher. If we can continue to see NVDA hold above 220 this week, it can set up for a larger move next week. Keep an eye on the 220 level, if NVDA remains above this level, it can test 225 to 230 level resistance. We will consider puts If NVDA fails to hold above the 220 level, as it can pullback down to 218 to 215 level support.
Contract Suggestion:
Above 220 level: 225C 09/17 (33.6K Volume 189)
Below 220 level: 217P 09/17 17.1K Volume @1.84)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Core CPI data on Tuesday (09/14) at 5:30 am PST/8:30am EST Unemployment data on Thursday (09/16) at 5:30 am PST/8:30am EST
- Opex on Friday (09/17)
- Can see volatility this week Quad-witching day on Friday (09/17)