Preliminary Watchlist for next week (ER's plays later)
Calls (all Aug 18)... AZO $370C CMG $300C UNG $20C
Puts (all Aug 18)... MELI $80P X $22P GOOG $625P VMW $92.50P WYNN $95P IBM $195P NFLX $55P SPY $140, $139 and $138P (will play 2 of 3) AAPL $605 or $610P
Regarding... PCLN - I would say that I am definitely a buyer of PCLN Calls but I might wait for weakness LNKD I need to do some more work on even though it broke the $105 level. I might wait til it drifts a bit lower and then buy Calls for a bounce and then reverse and buy Puts as it reaches $107
* These were identified before the last 20 min rally. I will re-evaluate but I don't anticipate too many changes
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.