We had AA and YUM earnings last night, with both beating estimates and YUM raising it's outlook. AA did reduce it's aluminum forecast and blamed it on a slowing China economy. COST reported this morning and is up nicely pre-market on a beat. We also have Whole Sale inventories and the Beige Book today as possible market catalysts. Right now the futures have been bouncing between green and red, so we shall see how this plays out today.
Was a rough day for me with SINA and SODA yesterday but I am still holding out hope on the $65 calls and holding $40 calls on SODA.
I do think BIDU is going to continue to drop today i wrote this yesterday : https://www.optionmillionaires.com/2012/baidu-bidu-wall-street-darling-no-more/ Have the 100/95 weekly puts and the OCT 20 90 puts.
YUM and COST maybe nice plays for the opening bell ramp up. YUM 72.50 calls and COST 105 maybe nice quick lottos on a gamble they break to the upside after the open, which i think they both will.
LNKD had tight bollies and expected a breakout... well it did but to the downside. Doesn't mean it won't bounce and I will be waiting for a possible bounce. $115/$120 calls maybe a nice play.
Still like BLK here and many folks are starting to get on the bandwagon. Maybe another day or two before it nears $200 so $195/200 calls maybe a nice play.
Others on watch: NFLX, PCLN, TZOO, WYNN, ISRG, MLNX
Lets have a great day!