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MBOT: Sicko today..not really too surprised when it comes to this name, been plenty of games in the past. Likely play will be to fade the open look, any pre/open strength into 14-15+ should offer nice scalp opp. If weak open, anywhere above 9.50 area would have zero interest in the short yet, look for the weak open/ramp back dance for a nice long scalp.
SAVA: 4.50+ early would have me interested in the short idea, otherwise weak open into 3.50 is the obvious area of interest. Hold there & think buy dips, or below there think short pops.
ITCI: Similar thought to MBOT for tomorrow, typically Day 2 on these wild ones is to fade the open look for a scalp trade, then reassess mid morning. Could see this being weak tomorrow and shaking out some longs and then making another move on Wed or Thurs for T+2. Ideally higher the better out of open for a short scalp, otherwise likely wouldn’t short it until sub 30. The vol was just absolutely bonkers today so have to expect anything tomorrow.
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See you out there!
– D
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