Economic Calendar

Top Watch

$TGT: double inside day

TGT is still consolidating within a tight consolidation on the daily/weekly chart. TGT had earnings last week where it gapped up into the 135.50 resistance level but sold off back into 130. TGT has printed a double inside day on the daily and if it gets through the 132 resistance, it should be set up for a move into the 135-135.50 range.

Im watching the 8/25 132c over 132 and the 8/25 130p under 130

$TSLA: Key support range

TSLA is currently trading at a key support range of 212-210 and is setting up for a short term bounce. TSLA over 218 I would look at calls for a push into 220-222 again. TSLA is currently gapping up after hours from friday so if it can hold over 218 tomorrow, calls can work. We will want to be patient with this name and see where the overall market is trading and we want to see if the market can find support before going long. If it fails at 218 then I would just sit on hands as it can trade in the range of 212/218.

Im watching the 220c over 218 and the 205p under 210

$NVDA: pre earnings

NVDA reports earnings on Wednesday this week. Last week, NVDA was one of the few names able to hold well while we saw the overall market pullback. NVDA will need over 436 to trigger a push into the 439/440 range again. puts can work on this if it fails at 430 again. The premiums on this are juiced so keep this in mind as you will need a larger move to get the 20-30% gain. Ideally, we see this pullback to start the day off and then get through 436 for calls.

Im watching the 8/25 450c over 436 and then 8/25 420p under 430

Sunday Scoop