February 17th, 2023 Watch List

Markets fell on Thursday, with the S&P closing down 1.38%, as the PPI number came in hotter than expected. Asia markets closed lower overnight while Europe stocks are in the red this morning. U.S. futures are pointing to a lower open, the Dollar and Yields are higher while Oil and Gold are lower

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-202/

Stocks opened lower on Thursday, trying to find a bid into the afternoon, before selling off into the close. The S&P is barely green on the week. A red session today will add some ammo for the bears heading into next week. The PPI number came in hotter than expected on the heels of the strong retail sales number on Wednesday. The SPY broke and closed under that $410 handle. Would want to see that reclaimed today or at least $405 hold or I fear that $400 support may fall. Still think $420 comes first but will need to see some bidders today:

VKTX rallied again yesterday, despite the market weakness. I used the move to close the last of my Feb calls for nice profits and went and added some March calls. Think this is headed to $15+. The instant I added calls, bots/algos came in and gobbled up a slew of strikes:

Hopefully bodes well for more highs. Will look to close some of my March calls out to cover costs at 100%, when I get a chance, and may look to add some later dated strikes. Such a great story.

I added some TWLO lotto calls yesterday, as outlined on yesterday watchlist, after their great earnings report. I was able to close most of my calls out for 60% and over 100% and held a few into today. The stock faded after 2pm. Will need a big move today for the rest of my calls to come back to life:

ROKU rallied after its monster earnings report. I used the move to close the last of my weekly calls for 400% and locked more of my March strikes in for 300%. The stock received an upgrade this morning:

Will likely just look to hold my March strikes, as I think it is headed into the $80s in the coming weeks(and possibly higher) and may add some more strikes today:

AI rallied yesterday morning, testing the $27 handle before melting lower for the rest of the day. I used the move to close some of my calls for next week for 100%. The stock is gapping lower this morning. I may actually look to add some March strikes if it finds any footing around $23 or so. This AI theme is not going away anytime soon:

And of course, still love YEXT. Only a matter for time before this gets some FOMO:

I added some RBLX calls for next week. Just like AI, think the Web 3.0/metaverse is here to stay and RBLX is one way to play it. Will continue to look for calls to play for a move to $50 and beyond on RBLX:

Still eyeing EXAS calls. At some point this breaks out again into the mid-high $70s and beyond:

And lastly, don't forget market are closed Monday.

And here is what I am watching today: VKTX, SMG, EXAS, TWLO, TRIP, RBLX, SPOT, NFLX, AYX. CMG, AI, YEXT, ROKU, GILD, CDLX, SAM, IBM, SQ, ZYME, ICPT, U, MASI, ALGN, and GNRC

Let's have a great day!


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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