OPTIONS WATCHLIST 9/22/24
AMZN – Stock making a bull flag on a daily time frame. Looking for a break towards new highs. Calls above $192 should do. Stock is strong on indicators with a big volume candle on friday.
COST – Stock to benefit from rate cut. Stock bouncing off trendline support. Next resistance at $930. Calls above $910 for a move towards $930. Stock has earnings on thursday could be a good pre earnings play.
IBM – Stock is consolidating around all time highs. Needs to break $220 for more highs. Stock is overbought on multiple time frames on RSI. could see pull back if $212 fails. Outs below that level.
IWM – ETF failing another retest of $225 resistance level. Looking for a breakout above that level. Stock is strong on a daily and weekly time frame. On high watch.”
NFLX – stock again failing to hold $705 level. Making that U -shape on a daily time frame. Looking for calls above $705 with some resistance at $708 then $720. If it fails to hold $695 then puts. Stock is decent on indicators