OddStockTrader Scan 2/5/2020

by | Feb 4, 2020

Wild wild day. Stay focused and watching sizings out there. Not much else to say other than trade smart and try to not let TSLA suck your attention all day long because there are other amazing trades out there.

TSLA – Monster trade into the close and I botched it. I was short for a good $15 points and covered it all $2 from the top…then tried to bounce it… just lost focus after the cover and I really need to work on that. Did it twice today in fact. Other than that, I think we finally gap down and get sub $800 tomorrow. That is my only guess, because let’s face it…everyone is guessing at this point.

SPCE – $20 breakout join for me.

YETI – Big big big chart here. $40 calls are my choice. 24% float is short on this so things could get really wild. May even look to take some $50 further dated calls if it gets some heat in the am.

AWK – May finally get a nice short swing on this one. Took a small put starter on it and if that $135 peaks out hard tomorrow going to look to lean pretty heavy short on it.

LYFT – Had a ton of calls go off all day on this one. That $50 level is huge as well as you can see on the daily. Anything sub 49.80s for the long scoop in the AM for me. Ideally $50 breakout and base into tomorrow mid day.

UBER – LYFT sympathy

NFLX – Nonstop since that $400 call buyer I mentioned. I even figured this would have more pain from DIS+ but really I don’t think it matters at all. Stock is likely cheap here and I think traders are figuring that one out fast. Likely gap and 3rd day run unless SPY gives it up.

TLRY – Worth an eye on that $19 breakout. Weeds tried today so going to just keep on radar. Have a few call swings.

2 Comments

  1. Thanks man!

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  2. Thanks!

    Reply

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