OddStockTrader Scan 7/1/2020

by | Jun 30, 2020

Had one of my sloppiest days of the year. Fully aware it is summer so instead of getting annoyed and forcing the day, I decided to clear out the book and take losses from all the the bad baghold trades. It seemed to be a nice day to do it since July is tomorrow, and we have a short week. It will allow me to reset a little and re-gear for the slower summer months. Going to keep the list short and sweet for tonight

TSLA – Botched the long and had a bunch of calls. Woke up just in a bad mood today and sold off the open. The calls nearly 10x’d today as well that I had. Happens but this is HUGE breakout. I will trade it’s standard morning yank that it always has and get long with risk on 1,050s.

WKHS – Big washout day wasn’t today and I HOPE there is no filing tomorrow am premarket. I want to be sized short on this one but not early. Ideally 18.50 retest for the hammer short.

CYDY – HUGE fumble by me on the short and long side washout trade. Might trade the long side on $3.70s tomorrow but it will be fully reactive.

NET – Some $40 calls still outstanding there so I think we get another leg soon. Will join the $36.25 breakout on the long side if it happens early in the AM.

SPCE – Barrons article and + CNBC spin today. Will watch for morning washout on $16s and trade accordingly provided $15.50s don’t peak out on the long side.

YETI – Looking for that $43.50 breakout and the $44 clear to confirm higher.

7 Comments

  1. Thanks Cody, I appreciate you sharing your housekeeping, as I’m facing that myself, and your post really helped me with that.

    Reply
  2. Thank you, Cody. Today wasn’t my best days either. Hopefully will start a good month tomorrow.

    Reply
    • Thanks Cody. Great call on the travel stocks (DAL) washout this morning. My most successful trade of my day. Thx

      Reply
  3. Thanks Cody. Great call on the travel stocks (DAL) washout this morning. My most successful trade of my day. Thx

    Reply
  4. How is CYDY not $0.30? Seems like a big con job.

    Reply
  5. Thanks

    Reply
  6. thanks

    Reply

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