OddStockTrader Scan 2/27/2020

by | Feb 26, 2020

Wild wild market out there. Virus names went crazy and I really wasn’t watching them at all today which isn’t like me. Need to get plugged back into the trading matrix or something lol. Lot of my watches today did not do what I thought but going to keep the same names on because I do think the bounce trade is worth focusing on these names. Here we go.

APT – Going to take some sizable for OTM puts tomorrow on any big parabolic action into $17+ and maybe even $20. I remember how hard these flew last time after hours in 2014 only for that to be the top. However I think situation might be a little different and happen intraday. Market has still YET to capitulate and it has just been steady constant selling.

NET – Sick one on calls for quite a while now. No reason to sell and squeeze is highly likely once market corrects even for a day or two.

RCL – $77 or lower for big long.

CCL – $28-29 test for a sizable long.

NCLH – Unreal here too $35 washout for long.

MAR – Morning washout for long.

SPCE – Took and held over some March puts on this one. I think reality finally sets in tomorrow and we get a full fade day. Shorts finally got a handle on it and can be patient for once. This is what the after hours action is telling me.

4 Comments

  1. Thanks Cody, are your calls on NET way OTM in March, or are you buying longer dated ones? I picked up some NTM this morning in March along with stock…just curious. Similar on your cruise lines (I’ll be picking RCL so I can get preferred credits on cruises). Are you planning for stock or LEAPS?

    Thanks.

    Reply
  2. Just some of March 25 standards.

    RCL options a bit scewed so just stock.

    What do you mean by getting proffered credit on the cruises?

    Reply
    • If you own the stock with Royal you can send them a copy of a statement and get an on board credit. Same works with Carnival too.

      Reply
  3. Thanks

    Reply

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