this may be a big play tomorrow if we get a reversal and turn red, these weekly 20p should open around .2 if twtr is at 26. 26.3 is my threshold for it to bounce before heading back down, these contracts are volatile and will MOVE. There is alot of call volume atm so ill be watching for a influx of puts to signal entry, below 26.3 and spy turning around and this...
MCD is holding its monthly support, if it breaks below this 148 watch for 140 then possible 137-135 gap fill. MCD is strong but the virus could hurt its sales enough to drop it lower.
This looks like it is also heading for another push lower, I would start watching this for a drop below 38.7 with confirmation being below 38 to lower, these same week puts will pay all week if this stays below 36.
Watcing ABBV for a drop below 81 for lower, this looks like its setting up for a squeeze down hard. watching below 81 and option spreads, they look wide pre-market but may tighten up at open
Below 162 and this could be heading for a gap fill to lower, if it stays above then it could pop back up to 164 or higher, there were call sweeps for 4/17 at the ask of 175 (10k)
It looks like the 200 SMA is going to be and always is a sweetspot for a bounce after these big pullbacks. That would make the support on SPY being $265. I wouldn't get fooled by these fake pumps towards the end of the day as it looks like they are just trying to take premium off these weeklys. Go long or enter right at the end of the day would be my suggestion.
It looks like NFLX is stuck in this wedge for now and following the market down, confirmation to lower would be around the 342 mark, from there we could see 333 and 292
I am going to start entering small calls around the 9.12 mark with confirmation to higher being 9.8, 17 april $10 calls look good for this with a huge call sweep for jan 2021.
MAT looks like it has been consolidating for awhile now and with the recent put sweep and selloff in the markets, it looks ready for lower. The $9 puts for 17Apr have 43k oi and look very good if we reach our final put target, as long as this stays in the box we should be good to go lower.
Huge put sweep on 3/20 $36 puts, this looks good below 17.23. These options do not move much so if this does drop below, ITM options afew weeks out will be a safe trade to make, it wont be more than 50% but it will be less risky than most
BYND now in a choppy zone, if we can get below $84 then this could shoot down to 73 quick before making another bounce, careful on this as IV is high and these options move fast.
