May 12th, 2023 Watch List

Markets closed mostly lower on Thursday, with the S&P and Dow finishing in the red while the Nasdaq squeezed out a gain. Asia markets closed mixed overnight while Europe indexes are in the green this morning. U.S. future are pointing to a higher open, the Dollar, Yields, and Oil are higher while Gold is lower.

It was a boring chop session on Thursday, with indexes trading in a mostly tight range. Just like Wednesday, stocks hit lows at 2pm only to find a bid into the close. I was looking for the SPY to test and break $415... looks like that will have to wait until next week. Headlines will say the market tumbled yesterday, due to the Dow's .66% sell-off, but that was all due to Disney. Would like to see the SPY find some buyers to at least close up over .12% - which is how much the S&P is down this week:

It was another day of sitting on my hands. Sessions like yesterday's and Wednesday = premium crush. Hopefully we can get some follow-thru today to the upside.

AXSM rallied in the morning after positive analyst commentary only to give it all back. AXSM has a great pipeline and one of their drugs that will likely receive FDA approval soon is with Alzheimers agitation. A good sign here that it will be approved soon:

Still looking to close the last of my May strikes and add some later dated calls:

Trying not to be a broken record on SAGE and VKTX so check out yesterdays watchlist for my thoughts :

I may look at some lotto calls today:

BLK continues to look interesting and think once it breaks that 50dma at $659 the $670s come quick. May look at adding calls into next week as well:

NFLX has posted a sneaky rally this week, closing in the green every day and is now up nearly 7% on the week. $350+ looks possible, may look at some spec calls today:

And lastly, still eyeing ZYME. The stock had held its earnings gains and looks ready for the break into the $11-12s in the coming days:

And here is what I am watching today: ZYME, BLK, MASI, EXAS, OLED, RARE, GLD, SPOT, NFLX, W, VKTX, CMG, SHW, ABBV, GLD, ALGN, SAM, EDIT, BLK, SITE, SMG, and ULTA.

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, 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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