$LAZR +17.5 (Over 17.5 for calls) Rationale: On Jan 5, Luminar Technologies holds a joint press conference at CES with Volvo Cars to discuss their vision of the future of automotive safety and autonomy. Shares of Luminar have rallied in the past after media appearances.
$SNOW +348.5 (Over 348.5 for calls) Rationale: Pennant breakout on the daily chart
AMD 143 - 144 BOUNCE Rationale: Bounce off trendline on the daily chart News catalyst: AMD hosts its 2022 Product Premiere event at CES to highlight innovations and solutions featuring upcoming AMD Ryzen processors and AMD Radeon graphics.
ROKU +235 (Over $235 for calls) Technical analysis: Bull flag breakout
MARA +39 (Over 39 for calls) or 38 bounce (Bounce on 38 level for calls) News Catalyst: "Marathon Digital to Expand Hashrate by 600% With Record Purchase of Bitcoin Miners" - www.coindesk.com
NKLA +11.3 (Over 11.3 for calls) or 10.8 bounce (Bounce off 10.8 levels for calls) News Catalyst: "Nikola Gets Order For 10 Nikola Tre With An Option For Up To 100" -https://insideevs.com/news/556723/nikola-tre-loi-100-trucks/
MU 94 BOUNCE or 92.7-93 BOUNCE Strategy: Post earnings report rally Buy into weakness at the bounce levels News Catalyst: "Micron Technology (MU) shares were up nearly 5% to trade at $94.84 on Thursday, as more than 25 million shares changed hands shortly before 2:30 p.m. EST. Over the past five trading sessions, Micron has risen more than 16%, compared to a...
$BABA +126 (Over $126 for calls) Technical analysis: Bull flag breakout News catalyst: "Alibaba Group Holding Limited (NYSE:BABA) hosts a two-day virtual Investor Day event with senior management scheduled to give talks. BABA has traded with extra volatility the day of and day after prior investor days."
$LOW $260 bounce (Bounce off 260 for calls) Technical analysis: Bull flag breakout on the hourly chart News catalyst: "Lowe's holds a Financial Outlook event. The home improvement retailer is expected to focus some of its commentary on operating margin opportunities. Expect some analysis following the event on whether or not Lowe's can close the margin gap...
$MSFT +343 (Over 343 for calls) Technical Analysis: Bull flag breakout on the hourly chart News catalyst: Last week, Wedbush Securities named MSFT as one of its top tech picks for 2022.
$RBLX +124 (Over 124 for calls) Technical Analysis: Descending triangle on the daily chart After triangle consolidation, looking for a breakout News catalyst: Ralph Lauren Dropped a Digital Winter-Themed Collection Exclusively on Roblox
$F 21.2 bounce (Bounce level off demand for Calls) Technical analysis: Bull flag on the daily chart News catalyst: Ford announced Friday afternoon that it aims to make 300,000 Mustang Mach-E crossovers for North America and China by 2023.
$QQQ -380 (Under 380 for puts) Price targets: $380->$375 Technical analysis: - Break down to lower bound of linear regression channel
$TSLA -980 (Under 980 for puts) Price targets: $980->$950 $950->$910 Technical analysis: - Break below $1000 psychological level - TSLA break and hold below 50sma will serve as bearish catalyst
$MRNA $308 or $300 bounce (If we get below then reclaim these levels, take a position for calls) Price targets: 308->310 300->305 Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300 Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
$PTON +47 (Over $47 for calls) Price targets: $48, $50 Technical analysis: Bounce off pivot point on the daily chart Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
QQQ -387 (Below 387 for puts) Price targets: $383, $375 Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24
$AMZN +$3588 or $AMZN +3620 (Over $3588 for calls) (Over $3620 for calls) Price targets: $3588 -> $3600 $3620 -> $3650 Technical analysis: Double bottom off pivot point Rationale: Black Friday shopping