OddStockTrader Scan 5/29/2020

by | May 28, 2020

Had to leave a bit early today because, massage. It felt like it was needed after 5 months without one after being used to them once every two weeks. Anyways, some really sick trades today but I also goofed up on a few others. It happens.

I still think with the current market the way it is, provided it doesn’t to a monster pull back anytime soon, that Crypto will follow suit over $10,000 (Bitcoin) so keeping names fresh is important.

Will be a varied list tonight so here we go. (all of the Q’s are still in play but wont list tonight)

MARK – Have some puts over but no stock. I would have covered like a wuss on that ramp after hours for sure but thats why I will rarely hold over a short and over during an event much less. Probably $2 tomorrow or $1.80s based on after hours action. Might be worth a bounce in the 1.60s area.

SNAP – Calls were wild for tomorrow and next week expiry today. Will be well worth keeping an eye on.

MARA – Bitcoin trying so still full watch. The .80 breakout reclaims to the upside.

RIOT – Similar as above but 2.50s

GBTC – $12 the true test level. Using this as a guide for how active people are with trading the above two. Light action on this usually means light on the others and vice versa.

SPOT – Looking to short $180s peak tomorrow am. Name up a bunch on the Joe rogan headline, yes its a big deal but I think $165s needs to retest before higher.

BYZN – Big breakout on the daily and a name we started watching on that first .15 breakout. It likes to gap and run but that .25 might pull in some sellers. Will be fine with it provided .20s hold.

OZSC – Possible .01 washout trade but they tend to sell it hard once they are given liquidity. So won’t be super apt to just bounce this one. More cautious of a play.

AMAZ – Cheapie chart again. These are everywhere lately and they have been working very well as of late.

BLXX – Cheapie crypto name. I would imagine a lot of seller at .01 are happy but tomorrow is the real test. Break highs of the day and it can get moving fast.

BCII – Trades very thin but chart is setting up and that’s all I care about.

3 Comments

  1. 👍

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  2. Thanx, I’m new here and been trading some of your picks and have grow my account. small account and moving up. Your alerts help a lot during trading hrs, thanx again!

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  3. Thanks

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