Feb 4 2019 - Monday Watchlist
Here’s this morning’s options on watch
Solid triple bottom in the making on the volatility index. Picked up a few calls on Friday that expire mid march. If this confirms and goes bullish, we’ll see a huge influx of buying into volatility and selling of the major indexes.
SPX / SPY
The market is sitting at the exact middle of the Oct-Dec 2018 channel and if it can’t get above it, we’ll see a solid move back down to test the channel low. This aligns with our VIX long.
Options to Scalp:
AAPL, MSFT, SQ, BA, SPY, QQQ, PYPL, TWTR, and AMD.