Trade Plan 11/18

NVDA - Watching for dip at open and clear reversal. Might try to play calls again but not fighting the trend or trying to predict.

 

QCOM and AMD - Both rising in sympathy to NVDA. AMD near multi week break out level. If it shows strengtha nd can break out could grind higher all day. Would love to see a dip to previous support around 151 or break out level of 155 before a move higher.

 

AFRM - Put in a  bearish reversal candle yesterday, announced an offering this morning and it's down 5% premarket. On watch for a VWAP test fail to buy puts into and hold through the day as I thing this one just fades. 11/26/21 $135 puts

 

RIVN and LCID  - Both had a big red day yeserday and headed that way today. If these things aren't done running and they just dropped with the market they could turn and start squeezing overly aggressive shorts. Staying on watch.

 

DLTR  - Looks pretty overextended but last time it gapped up it held and kept grinding so not getting overly aggressive, if it breaks 130 support with some momentum will get $125 puts