CAMARO’s Watchlist for 10/2/13
AMZN - Broke above the bull flag pattern that we highlighted in last nights watchlist. Today AMZN was able to close on the dead highs at new all-time highs and I believe it is set up for a another multi-day move. I am long AMZN overnight via 330x calls and I believe 330s is in play this week.
NFLX - Broke above this 2 week channel today into new highs and NFLX doesn’t understand what slow down means so lets take advantage of it. Today we saw huge call buying on the weekly strikes and based upon recent moves NFLX has made I don’t think 340′s is out of the question for a target this week. Im looking to trade the 335x calls on a break above todays high. NFLX has a good history of doing gap and go days so if NFLX gaps up tomorrow don’t be surprised if it continues to trend higher.
YELP - Bull flag on the daily chart and still has a very high short interest. Watch this one for a move above highs at 71.50 tomorrow as this could see yet another short squeeze. I like the 72x calls here
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