January 17th, 2023 Watch List

Futures are pointing to a slightly lower open to start this holiday shortened trading week, with S&P futures down .18%. Asia markets closed mixed overnight while Europe indexes are doing the same this morning. The Dollar and Gold are lower while Yields and Gold are higher.

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-179/

Markets closed higher for the second week in a row, with the S&P adding another 2.59%. The S&P is now up over 4% to start 2023. Earnings pick up this week with names like NFLX reporting. Here are the implied moves:

Outside of that, we will not get much in the way of market moving catalyst until the very end of the month with PCE data on the 27th and the Fed's Feb announcement and press conference on Feb 1st. The SPY closed solidly over its 200dma on Friday but is above that upper Bollinger band. Will need some strong buying to get over that $400 handle with $396 being support:

I made quite a few trades on Friday:

I closed the last of my Jan 27th RBLX calls for 100%. I had added Feb strikes last Wednesday and wanted to lock the rest of the profits in. This morning RBLX released their December metrics, which came in well above expectations. The stock is gapping in the pre-market. Will look to close some of the Feb strikes and hold the rest for an eventual move into the $40s and beyond:

ZYME closed up 15% on Friday. I used the move to lock in the last of my January strikes while adding Feb calls. Think this trades in the mid-teens in the coming weeks:

I closed the last of my U January strikes as well on Friday for nearly 600%. Still holding Feb strikes for earning and will likely continue to hold those for the move into the $40s coming soon:

I was also able to close some of my AXSM and EVH calls for 100%+. Will look to close more this week and possibly add some later dated strikes:



I love Bios for the first half to this year, and possibly into the end of the year. I am working on my Webinar and will have it out this week. SAGE is one of those names I love with BIIB's stake and SAGE's cash horde. Surprised BIIB has not just acquired them due to the fact they are on the hook for billions in milestone payments(and, again, their large stake). The stock reversed early morning highs on Friday. May look at some further out strikes to play for a move to $60+ in the coming weeks:

Still love VKTX, ICPT, SQ, GNRC, EXAS, TZOO, and TNDM.

Still having issues with the analyst changes. Will have fixed this week.

And this is what I am watching today: U, RBLX. AXSM, EXAS, MASI, UDMY, NFLX, SQ., CME, ICE, BLK, SPOT, GNRC, VKTX, UDMY, RARE, SAGE, ALGN, IBM, CMG, and ROKU.

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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