CRM $113.63 (chart) this one looks like Zurg from toy story. i think the chart has seen its downside right now, and its gonna squeeze higher next week. target back to $125.
the play - CRM $125 nov 25 calls at $.94
AXP $46.88 (chart) I pointed out the lower highs earlier this week and the support at $48.85, once it broke the gates fell and the castle fell. just a huge drop. those $48 puts I kept blastin on the board at $.30, $.22, $.14 hit $1.70!!! it was a huge move and why we trade options. I think AXP has further downside, ultimately $41 this year and well below it next, for now we are looking for $44.50 - $45.50
the play --->>> AXP $45 nov25 puts $.36
CAT $93.93 (chart) still above the trendline, hasnt broken out of the triangle like SPY, we saw how tragic that will be once it happens. for now CAT calls, I think $97.50 next spot assuming we dont crater out of the gates monday
the play ---->> CAT $97.50 nov25 calls $.64
IBM $185.24 (chart) as long as she holds above that trend line its game on..... obviously I think shes going down, but dont fight the tape
the play --->>> IBM $190 calls $.64 