OddStockTrader Scan 1/27/2020

by | Jan 26, 2020

Wild week last week and might be again this week. Virus fears taking a toll on the market as expected and likely to get worse still before better. Going to open up a lot of trades on both sides however. Here is my watch for tomorrow.

APT – Likey gap over $7 and run. $7.50 calls I might play depending on the action. Unreal swing on this one from super early guys. I did take it all off Friday but added back a few more on that big washout quietly. Can just keep going if the fears of the virus just keep going. Got to treat this one like a fear gauge on the virus at this point. Nothing else matters but that.

TSLA – $550 big line in the sand and recent Trump comments that got shown from hidden tapes make this an interesting idea. May just suck in a bunch more shorts but will be looking to play tomorrow on the short side either way.

AWK – Has been an immune monster. Price alerts set for this one to join in case it decided to get some profit takers.

SQ – $70 line in the sand for swing trade for me. I will however be picking up more further dated calls on this. Market likely to drag this down but will be looking to get nice size when and if we get a washout or bottom this week.

VXX – Likely gap and run for first hour. Going to base it off market headlines and reactions to SPY lows in the am. Overnight puts should be decent at these levels as well.

CCL – Cruise lines starting to halt cruises in China. Fears small for now but all these names been very heavy last few days. I prefer to scoop a big washout on this one in the am as this is an industry still heating up big time.

LVS – Possible fears of Macau casino shut-down can really send this one lower. Price alerts set for recent lows to join.

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