CAMARO’s Watchlist for 11/1/13
FAS - Banks today were under pressure all day long and towards the end of the day we really saw a lot of the banks take a big hit. I like FAS for a short tomorrow because i dont see much support on FAS til around 73. I will look at trading next weeks 75x puts with a 73 target. Only thing that ruins the setup is if it gaps down huge.
PCLN - Could be a fun lotto type play tomorrow because I think PCLN is about to breakdown. Today PCLN put in a big bearish engulfing bar that engulfed the last 6 days or so of price action. Tomorrow if it goes under 1050 I think we could see PCLN slide down under 1030. Im looking at some 1040 weekly puts as a pure high risk high reward trade.
FB - Looking to initiate a long swing trade tomorrow on FB. Today it gapped down big off earnings but was able to rip red to green with incredibly high volume. To me this was a great buying opportunity of longer term players. I believe FB is going to 60s by the end of the year but for more immediate term though I think FB can see a move back to 53 soon so I want to buy some monthly calls, maybe do a call spread like the 50/55 spread. (I have a short put spread on the weekly 44/42 strikes that I’m letting expire worthless).
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