Triple_Barrel_Capital

Triple_Barrel_Capital

$AA Alcoa Corp - Oversold finding support just above $11.50 this week. Expecting to see a near term bounce from this level. Adding to the bullish sentiment - some unusual options activity Friday: 19k $14.00 strike (far OTM) Jan'21 calls traded vs open interest of 1,156 or 16 times OI for a total premium outlay of $1.5M Near term price target = $13.00-$14.00...

Triple_Barrel_Capital

$LVS Oversold finding support in the mid-40s today - bullish hammer candlestick on the daily chart. Monitor for confirmation green candle tomorrow - breaking through the $47.50 area will be key. Bullish Options Activity: 19k $47.00 strike (OTM) Dec'20 calls traded today vs open interest of <1,500 (14x OI) for $8.5M in option premium Near term price target:...

Triple_Barrel_Capital Updated 

$LL "LL Flooring", formally know as Lumber Liquidators, has formed into a very clear bearish head & shoulders pattern with a possible 20-30% downside. Monitor for a close below $20.00 for confirmation. If $20.00 holds as support and instead we see a close above the 20d ema line, this H&S will likely be invalidated. Price Target: $14.50-$16.50 range by early...

Triple_Barrel_Capital

$TPR Tapestry, Inc. - Possible Cup & Handle Forming on the Daily Chart Bullish hammer today on the daily chart, bouncing off support just above $16. Resistance level up above at about $18.10 - anticipating a move back to this level near term with an eventual breakthrough sometime in October. Once we get a close above $18.10, expect a strong move to follow. Near...

Triple_Barrel_Capital Updated 

$TDOC telehealth company Teladoc Health broke out of a recent downtrend today and closed above resistance. There was also some unusual bullish options flow today with about $7M in near term calls traded. Specifically the $215 strike call expiring this week traded more than 10x its open interest just today. Put/Call Volume Ratio was about 4:1 or in other words...

Triple_Barrel_Capital

$SNAP Downtrend Continues - Unusual Bearish Options Activity Expecting one more leg down in this recent downtrend. Unusual Bearish Options Activity Today: 30k $21.00 strike (OTM) November 20th puts traded today vs open interest <200 for a total premium outlay of $4.1M Near term target: $20.00 by mid October Stop loss: $25.00

Triple_Barrel_Capital

$GOOS Canada Goose - Winter is Coming People are going to need high quality winter jackets to stay warm this winter while continuing to socialize and dine outdoors. Breakout and successful retest this week. Expecting a near term continuation move. Target: $32-$34 range by mid-Oct

Triple_Barrel_Capital Updated 

$MLM Martin Marietta Inc Rangebound w/ Unusual Bearish Options Activity Today It was rejected today just under $228 resistance near the upper limit of the recent range it's been locked in. Unusual Bearish Options Activity: About ~2,500 $240.00 strike (ITM) January 2021 puts traded today vs open interest of <200 (14x OI) for a total premium outlay of $7M+....

Triple_Barrel_Capital Updated 

$TSLA Tesla looking oversold on the daily chart today. RSI at its lowest level since April. Bounced off the 50d ema line as support this morning. Expecting to see a bullish reversal from this level. Also of note - Tesla 2020 Annual Meeting of Stockholders and Battery Day Tuesday, September 22, 2020. Expect some additional volatility leading up to this...

Triple_Barrel_Capital

$FISV Fiserv Inc - Bullish Pennant, Bullish Options Flow Getting coiled fairly tightly in this long term bullish pennant on the daily chart. Monitor for a break and close outside the triangle. Bullish options flow today with over 31k $105.00 strike Jan'2022 calls traded for a total premium outlay of about $48M. Open interest coming into the day at this strike...

Triple_Barrel_Capital Updated 

$TTWO Take Two Bullish Pennant Appears to be holding 20d ema line as support. Monitor for a breakout and close above upper trendline. Medium term target: $200-$205 range by early Nov Note: Not investment advice.

Triple_Barrel_Capital Updated 

$HOME At Home Group Inc Breakthrough ~$17.50 resistance earlier this month with successful retest last week. Earnings coming up tomorrow after the close. I'm bullish for two reasons: 1) They already reported on 7/29 preliminary Q2 net sales with comparable store sales up 42%. 2) With low interest rates and the housing market booming right now, all those new...

Triple_Barrel_Capital

$MRNA Moderna Downtrend Breakout - Bullish Options Flow Bullish Options Flow Today 12k $70.00/$75.00 strike 09/04/20 calls traded today vs open interest of <3k. Total premium outlay = $3.7M Near term target: $76.00

Triple_Barrel_Capital

$KHC Ascending Triangle - Bullish Options Flow Monitor for a close above $36 key resistance level. Big gap to fill all the way to $42.50 from Feb'19. Huge deep-in-the-money bullish options flow today on Kraft-Heinz: $123M in deep ITM calls ($15-$20-$22.50 strikes) for Jan'21 and Jan'22 expiration traded today. About 82k contracts in total vs OI of ~13k - or...

Triple_Barrel_Capital Updated 

$NETS Range Breakout - need a close today > $427 for confirmation. Possible medium term target: $475-$500 range Note: Not investment advice.

Triple_Barrel_Capital

$NTES NetEase Inc - Bullish options flow today with a breakout to a fresh 52 week high, closing above $500 for the first time ever. Just under 1k $340.00 strike (very deep-in-the-money) Sept 18th calls traded today for a total premium outlay of about $16M or ~$17,500 per contract. It is highly likely that this was a large hedge fund that made this trade. An...

Triple_Barrel_Capital

$DKS Dick's Sporting Goods up 3% today on strong volume with earnings coming later this week. Close today just above upper limit of a month long range. Expecting bullish channel that began off the March lows to continue. Unusual bullish options flow today - About 4,600 $54.00 calls expiring this week traded vs OI of 5 contracts for total premium outlay of about...

Triple_Barrel_Capital Updated 

$DNKN Dunkin Brands finally seeing some daylight above resistance around $72. Support retest appears successful. Combine that with a Golden Cross on the Daily Chart and it's looking near term bullish in my opinion. Also, with many schools starting back up, parents electing to drive kids vs bus, more people out in their cars, etc...I think demand should really...