OddStockTrader Scan 4/1/2020

by | Mar 31, 2020

April 1st already. Felt totally off today and took most of the day off. Sometimes, you just don’t feel it. Was nice to get a mid day workout in and go outside for a change. Other than the close was one of the calmest action days in a while. Looking to be rearing to go tomorrow so no worries. Not a ton of A+ setups out there at least from my point of view so going to be selective tomorrow.

IFRX – Saw this at $4.20 after hours and read the news. Decided to avoid it and now seeing at $6.50s was a mistake lol. However will be looking to get short on the name on anything near $8 tomorrow am.

BA – Morning ramp for short and puts with full risk on $150 level

SGBX – Heck of a mover and totally off my radar today. Thinking $16-18 tomorrow for the short.

RCL – Market fading and possible open under $30, if it peaks at 30 will look to get short.

O – Super heavy dividend payer that may be in trouble based on a ton of business’s likely not being able to pay up tonight for rents. Should be an interesting one and will be looking at the monthly $40 puts.

USO – Still everyday watch for me on oil. Whatever the news is I hope it’s not for the futures traders and we get a big full day bounce. May never come but it’s at that area of interest here.

CYDY – Washout play and I think 1.87s is a good level to look for that bounce trade. However, not set in stone as 1.50 from $2 can just be an air pocket to fill so play it by ear.

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