CAMARO’s Watchlist for 1/3/14
NFLX - First day of the year and NFLX immediately got sold off. NFLX to me is the best short setup in the market for this year and I am aiming for a drop down to 275. View the “chartspam” section to see more details. For tomorrow I am looking for NFLX to drop back into a major rising support line thats held for over a year, its currently sitting around 355ish. I am short via NFLX puts overnight looking for another drop tomorrow.
SPY - Opened the year on a weak note, but this was expected in my book. Markets closed 2013 up around 30% so some profit taking to begin the year makes sense. I believe that SPY is going to head down to around 178 during January so don’t rush to buy the dip just yet. Looking for more downside tomorrow with 181.50 being an area to look at for possible option pinning tomorrow. Use prior day low as trigger point
AAPL - Looking to buy some next week or monthly calls on AAPL tomorrow on a dip to or under 550.00. The stock is healthily consolidating at the highs and holding where it needs to. Tomorrow a dip under 550 to me is a great spot to get some calls. I like the idea of grabbing some monthly 555/560 call spreads for around 2.00 (on a dip). Otherwise if AAPL doesn’t drop to 550 or lower I won’t touch it.
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