Feb 20 2019 - Wednesday Watchlist

Here’s the options on watch this morning


SPY

Hard pullback into yesterday’s close and pre-market hasn’t recovered. While the daily chart is still bullish up to 281.15, I’m being cautious up here.

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QQQ

Similar move as SPY, but we are seeing a larger recovery pre-market. This means that tech is recovering from yesterday’s drop better than industrials (DIA, XLI, XLB)

TGT

Now into the gap-to-fill territory. Price target of low $77. We alerted a play on TGT in #option-alerts yesterday.

Aaron Gose