CAMARO’s Watchlist for 6/4/14
BAC - Been holding above the gap from last week very well and has been holding in this really tight range that I think is poised to break tomorrow. needs to get above 15.30c with volume, because I think that can lead it into the next big gap above 15.41. I am in some 15x calls that expire next week.
NFLX - finally got exhausted today and put in a pretty decent top candle we can now trade against. I think im gonna sell some calls above 425 tomorrow with hopes they expire worthless. Also will probably use that credit to buy some 410x puts because I think were gonna see NFLX pay a visit under its 8ma which it has been under since May 12th. the 8ma currently is at 408.
BBY - I was early last week, now It looks ready to go into the gap above 28.20s. I still like for 30s in the short term and will be looking to reenter some calls tomorrow morning. Probably June monthly 28x calls.
HPQ - Really nice setup and a healthy looking stock. its been holding on highs since March but more importantly in the last 2 weeks or so we’ve seen an increase in volume as it starts to perk higher. I think Ill grab some June 34x calls in anticipation of HPQ breaking out higher in the next few days.
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