Watchlist for 09/14/16
$SPY 212.50 Sep 16 Call Options for 1.85-1.92, hoping this has a small panic in the morning, would look to buy these even cheaper, and as long as we hold multi day support let these run for a day or two.
$WFM currently at 28 even, very key multi year support level. The company has historically done a lot of share buying at these levels to keep the price up, As long as this level holds within .50/share this looks to be a great time to get in
$DRYS a very speculative penny stock. They are a shipping company at all time lows, despite the recent market sell off this stock seems to have been basing and even popped 10% today (9/13) historically this stock can have a huge % gain before it becomes a huge short selling target. One to watch for volume and a continuation of todays move.
$NYMX- Another spec play, highest % gainer of the day, couldn't break above $4, no shares to short at my broker unfortunately, but there are put options which I wish I had bothered to check for during market hours. Probably has a failed spike at the open and then a steady fade all day tomorrow.
$UVXY- This is a play on volatility, depending on market sentiment tomorrow, you can play this with puts or calls, buy calls if $SPY breaks support at 212.50, however if we bounce and head higher buy puts as this will drop significantly.
OVERSOLD: These aren't ones im planning to trade just yet but keeping on my radar $TSCO, $MNST, $LMT, $DG, $DLTR. The last 2 plays listed should see a move to the upside if the retail sales report due out this week is bullish, but for now I'm on the sidelines. If you have to buy them, sell some calls for protection.
Nice but we removed links to outside websites, that's not allowed here
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