I am concerned that the market will open in the AM in a free fall, so may negate all my predictions, but no way of knowing. If one is lucky enough to be able to day trade puts may pay off huge for AAPL with an ATR of 21
More below
Earnings:
8/10 CSCO
GPOR
– Had strong bullish trend until last week, likely a great time to get in
– Resistance is 38, Currently at 27, ATR 14 is 2.2 ATR1 4.7,
– Sept Call Striking at 35 had 5:1 if it can reach previous resistance and strike at 40 is RR of 9:1
– Definite foot soldier or 2
AAPL
– Resistance 400, support 320, current 373
– ATR14: 10 ATR1 21
– August calls +20 are 4:1, sept calls are 2:1
– August calls +30 are 6:1, sept calls are 3:1
– Watch for now, better targets out there
V
– Wow what a year for V
– Resistance 91, support 74, current 83.4
– ATR14: 2.5 ATR1 4.8
– August calls +7 are 5:1, sept calls are 3:1
– Tempting/cheap foot soldiers
BIDU
– Had strong bullish trend until last week, likely a great time to get in
– Currently 140. Resistance is 166, Currently at 27, ATR 14 is 6.7 ATR1 12.5
– Support is either 135 or 113, likely depending on mood of market
– Sept Call Striking at 170 + 20 is 5:1. August position is 10:1 but only 1 week
– Consider foot solider, especially if falls. It is a solid beat t will challenge support over the next month
GLD
– Always a smart decision for any long position
– In last 52 wks has increased by 50
– 1 year call striking at 185 is RR of 2:1
NFLX
– Good bet would be a long term puts, but I am not ready to commit
CTXS
– Still have 1 option contract, pretty much worthless if no turn around
T
– I am expecting a continuation of bearish trend
Hit list: GPOR, BIDU, V
Research list: AMRN, TEA, EXPE
Watch list: GOOG, Ebay, VMW, VZ, AAPL, AMZN, MMI, SI