OddStockTrader Scan 3/11/2020

by | Mar 10, 2020

Had a very expensive appt today and stepped out right at 8:40am my time. Bang Cruise lines rip huuuuge. That was painful to see on my drive, happens though and won’t dwell on it. Crazy market yet again and we have the likely-hood here of a gap down already so be ready for anything. It is really hard to predict anything right now so got to go with the gut on intraday moves.

I will again be gone mid day for the remainder of the day so mostly just early morning trades for me. Here are my focused names, small list tonight.

XOM – Options bets out there that they cut the dividend and a filing after hours as well. Can be a big washout sub $40 if they cut or remove the divvy here which odds are likely. Short likely anything over $45.

HTZ – Retest $7.50s for long trade. Pretty unreal move here but then again NO one is renting cars right now. If any decent parabolic near $10 tomorrow or next few days will look for the short.

AYTU – Probably gaps up over $3 with morning float higher. Reactive washout trades on the long side. Hopefully doesn’t have a day full of halts because then I will just completely ignore it.

VXX – Think we might be close to a decent swing short/ puts on this one. Going to likely gap up tomorrow but barring more crazy news (which can easily happen) market has priced in quite a bit here. Will be trading reactively.

ONEM – Best one for last. I noticed this one on the scanner hitting hod’s and wrote it down because I never saw the ticker before. Check the filings on this one for why it will be my MAIN watch and if it breaks $28s I expect some halts up. A video doctor stock..that was just listed in Februaury. They know what they are doing here and TDOC gapping up. I will be long this with full risk on $24s

2 Comments

  1. Thank you

    Reply
  2. Thx Cody, Tdoc now $20 to $150 last few years so $20s a nice launch pad.

    Reply

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