9/30/2021 Watchlist Charts
Watchlist for 09/30/2021
$ATVI – The stock traded up 1.38% during market hours and was up 0.01% after hours. After months of being in a downtrend, ATVI has starting to show some signs of a bounce from lows. There were multiple bullish sweeps that came in large blocks last week. ATVI was showing relative strength compared to the overall market, but it seems its more like seller exhaustion to push the stock lower. During the small bounce, ATVI has show increase in above average volume trading as well. Keep an eye on the 78 level, if ATVI can break above with volume, it can test 81 to 84 level resistance. will consider puts if ATVI fails to hold above the 76 level, as it can pullback down to 75 to 72 level support.
Contract Suggestion:
Above 78 level: 79C 10/08 (642 Volume @0.90)
Below 76 level: 74P 10/08 (155 Volume @0.52) – has 1.2K open interest though
$AFRM – The stock fell 1.53% during market hours but was up 1.22% after hours. AFRM started off at open showing strength but quickly faded majority of the day. On the daily timeframe, it closed a bearish continuation candle and its struggling to hold above the 14DMA (112.61). If AFRM fails the 109 level, this can drop down 3 pts and could start to fill the gaps down below from the previous gap up. Keep an eye on the 115 level, if AFRM can break above with volume, it can test 118 to 122 level resistance. We will consider puts if AFRM fails to hold above the 111 level, as it can pullback down to 109 to 106 level support.
Contract Suggestion:
Above 115 level: 118C 10/01 (3.1K Volume @1.60)
Below 111 level: 110P 10/01 (3.7K Volume @2.15)
$AMD – The stock fell 1.15% during market hours but was up 0.45% after hours. Semiconductor sector wasn’t fairing well during Wednesday trading sessions and closed almost near lows. AMD is at a key level of support which was a previous hard resistance before at the 100 level. Buyers stepped in when that 100 level was tested and held. There was also Elon tweeting how working with AMD has been great. Elon has ways of effecting the market. Keep an eye on the back test of the 100 level or 102 level, if AMD can hold above or break above those levels, it can test 106 to 107 level resistance. We will consider puts if AMD fails the 100 level, as it can pullback down to 98 to 94 level support.
Contract Suggestion:
Above 102 or B/T 100 level: 103C 10/01 (18.6K Volume @ 0.48) or 105C 10/15 (5.5K Volume @1.70)
Below 100 level: 100P 10/01 (18K Volume @1.34)
$NFLX – The stock traded up 2.61% during market hours and was up 0.82% after hours. NFLX was showing relative strength compared to the overall market and was one of the few stocks that closed green. At pre-market, it quickly made light work of the 600 level resistance after news was release about the company’s acquisition of video game creator Night School studios. On the daily timeframe, NFLX managed to break out of the wedge with above average volume and closed a somewhat bullish candle. Its currently up after hours, but depending on how it opens, keep an eye on the 600 level, if it can hold above or back test this level, it can test 605 to 610 level resistance. Above 610 level, it can test 615 (all time high) to 617 level resistance. We will consider puts if NFLX fails to hold above the 600 level, as it can pullback down to 597 to 591 level support.
Contract Suggestion:
Above 600 level: 610C 10/01 (24.6K Volume @2.25)
Below 600 level: 590P 10/01 (4.7K Volume @2.98)
***NEWS TO LOOK OUT FOR THIS WEEK***
- Unemployment Claims Data on Thursday (09/30) at 5:30am EST/8:30am PST
- Pending government shut down this week. Watch news on congress