Watchlist for 12/18/24 by Chris

by | Dec 17, 2024

NUKK was a good one on the long side today. Great way to use the room to your advantage. Nate and Judah putting the name on radar and then forming your own thesis and plan around it based on how you read the action. Lots of people will have tons of random indicators on their charts, but I prefer to get information from “living indicators” (great traders who have a talent spotting set ups and special situations) and then piecing a trade together if it fits into one of my own set ups. 


The combo of small market cap, high volume, trappy action, recent reverse split, and lower volume looking left = not much actual resistance even tho it looks like there would be (all the longs were already washed out and the stock was at lows and then rebounds a tad and looks like its up a ton so gets majorly trappy). 


TSLA action was expected today with it being early in the week and IV was high so when it slips it tends to just chop vs an actual unwind because there is still bullish option flow so it becomes a battle of IV droppin while calls still get bought so lots of back and forth until it gains momentum again.

Quantum names very strong recovery and the sector remains in play. Just look at the run up on SMR OKLO a few months ago and its the same thing. It’s not even worth mentioning the valuations or anything like that with these sector trades. It’s not the driving variable. The driving variable is its a newer theme with a limited amount of stocks to play it while we are in a hot market and that = tons of sloppy money flowing into these names with options and a narrative. Don’t underestimate the moves and just pick your spots long or short and don’t get emotional about them. Its just random crap companies that run for a while and then something else comes along. Simple as that. 
 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *