algrowithm

12/8 WATCHLIST - INTRADAY OPTIONS

Long
NASDAQ:AMD   Advanced Micro Devices Inc
WATCHLIST 12/8
Welcome! This is my first post on TV and I hope it brings you value. I'm an intraday options trader that uses supply and demand as defined mainly by hourly channels. I tend to go for pure gamma moves, so I look for explosive moves. I plan on posting daily watchlists, and following up with comments on the success/failure of them.

My current bias for tomorrow is bullish, although the overall put-to-call ratio (symbol PCCE) is at all time lows. While this isn't a sell signal by itself, any negative news catalyst can quickly turn the market on a dime, causing investors to get on the short side. I maintain a bullish bias for 12/8 but will see how overnights and pre-market play out. I am currently in some HD 12/18 $265 calls for a swing, which I will likely close out tomorrow if profitable. I don't think it's a good idea to hold on to positions for too long in this climate.

ZM puts under 404.5
AMD calls over 94.2 (safer entry 94.4)
JMIA calls over 36
NFLX bounce
TSLA calls over 645.4
V calls over 213.20
AAPL calls over 124
FB calls above yellow trendline in picture
Here are some other names I don't usually trade but have great setups:

EMN calls above yellow trendline in picture COF calls over 93.25
NOW macro calls over 535.5
SHOP calls over 1090
COST puts under 371.8


Will follow up with an updated list during pre-market tomorrow!

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