Review of Session: Last week was a Holiday week. We begin the year fresh and looking for new ideas!
Next Session: For Monday, patience is the game. We have all year to look for ideas and waiting the first couple sessions can help give us a sense of direction in the broader equity space. It’s a good time to refine the early watch list and generate ideas in the coming days.
From the Quicksheet: $TWTR is a new name to watch. Twitter had a rough close to the year and we’re looking for an early year bounce. The most-traded price of 2021 was 68.10 and we are back testing the 28-40 bracket. IV Rank is low and TWTR is balancing around the 43.20 CHVN. Suppose you wanted to create an idea from this…
|OPPORTUNITY?||Move back to $52 & $60|
|IDEA?||Long TWTR stock or call debit spread|
|RISK?||Trade below $32|
|HOW WILL I KNOW THAT I’M RIGHT?||The high volume node at $43 continues to hold and the auction progresses back to $52|
|HOW WILL I KNOW THAT I’M WRONG?||Trade below $31|
TO FIND OTHER IDEAS LIKE THIS: