Yesterday was a setup day for the week ahead. CMG WYNN and LNKD we on the watch list yesterday. Lets see how they play out this week. LNKD faded after the opening pop. WYNN and CMG held strong.
Seems like the ANALysts use the watch list as part of their research as both CMG and WYNN were upgraded this morning.
Still like WYNN for earnings, but doesn’t mean bet the farm. $105 weekly calls were reasonably priced at the open yesterday at .52/.55./60 throughout the morning. Figure WYNN may move 10%+ on a rosy forecast, so those 105 calls could be a 5-10 bagger come wednesday.
CMG calls are pricey so going way out of the money before the earnings thursday AH’s could prove to be a good bet. $450 calls or so IMHO.
BIG BEN bernacke will be all over CNBC today and tomorrow so expect continued expectations around some QE3 talks.
Stocks on watch today:
LNKD – still think she tests and breaks $110 sometime this week. Playing with 110 calls so far.
BLK- may look to get in on earnings. Like BLK down here, will post strikes in chat.
FB – Huge volume PM, may look for 30 calls at open.
CMG – out of the money calls for premium build – $440/450s
Thats all for now. I will be in audio most of the morning. Then after hours we pray for WYNN to PAY! ~