Well, what a historic day in the oil markets. Front month Crude for May dropped to -$40 a barrell, just witnessing it was quite something. Never seen any asset ever trade for a negative price. Doubt I will forget this one to be honest and took some screenshots for a good reminder later. Anways, trading today was ok, some good ones some bad ones but overall it was a decent day. I hope you guys are enjoying the Free Scans on Monday’s as well.
If you ever have any questions about IU just let me know at [email protected] and I’ll be happy to answer them.
Here is the list of names that I will be watching tomorrow.
TOPS – Decent mover today on the oil news. Gapping a bit after hours as well. The .30 is a key level and it will be interesting how everyone digests the negative oil headlines tomorrow with “storage solution stocks”.
MRNA – Will be monitoring for the short and $5-6 fade day it has because it will. Just depends on if it can pin more shorts. Full day watch.
PINS – Crazy action in the $18 and $18.50 calls. Joined some of them so we shall see. Seems like an odd name for this type of action right now.
DAL – Virgin Australia seems to have failed today. Airlines are sitting on a cliff at the moment. The virgin news is bad all around for airlines regardless to me. Will be looking for sub $23.
SPCE – The end of week $25 calls were hot today here as well. Nothing to chase but needs to break and hold that $19.5 level for me to have an remained interest tomorrow.
PSHG – Oil tanker play
GLBS -Same as above but really think this can go if it can manage to break that $1
CNTTQ – The delisted CTST stock. Just worth an eye since it’s a fresh Q name.
Hey Nate , thanks for the scan, just wanted to know something that I didn’t understand, what are you planing to do with Delta ?
Sorry , cody**
Thanks Cody!
DAL owns 49% in virgin atlantic which just they will collapse without govt aid so should be a fun one
Thanks
Thanks cody