SPY (SPDR S&P 500) 121.58 This stock could serve as a day trade with support at $120 we could see a rally before Christmas or end of the year. So with that said we could see SPY at $120 with strong support at this level. Buying SPY calls 120 range for a swing trade could be a nice trade, always ensure to set a stop loss in case the stock drops lower than 30% but this could bode well in a swing trade 3-5 days.
USO (United States Oil) 36.30 This is an Oil ETF and with the dollar drop we could see this drop as well down to 34-35 level we could watch this to drop to 34.00- 35 and we could see a nice bounce, this is a trade of spot crude oil , this will be short term as we believe long term Oil can drop lower but for now a drop to 34-35 is a great buying opportunity for a bounce trade.
Stocks at or near 52 week high to look for puts:
MCD (McDonalds Corp) 97.49 we gave this stock at 97.60 range we recommended for Put Options we believe that this stock could see $95 range by Jan 21 for a swing trade, our last recommendation of Puts on a stock at or near 52 week high was IBM at 194 range we alerted Put Options for Dec 17 strike 190 @ .84 and the Options reached 7.40 , IBM is now trading 183.57 this brought close to 700% in profits
Stocks that could see a bounce for calls:
BBY (Best Buy) 23.20 This retail giant has dropped close to 18% on less than anticipated earnings, with a strong support at $22 we could see this bounce , calls for $25 range could be a great risk reward for Jan 21 , we could see a report of good earnings or news after holiday sales and Super Bowl LED , LCD entertainment sales
Call Options to buy on pull backs
AMZN (Amazon) 181.55 we like to add on a pull back to 175 -177 range and we could see a nice bounce to 20 day moving average 190 range , but staying disciplined only buy if we see a pull back to 175-177 range and holds. We have a uptrend on the weekly chart , still could serve as a solid swing trade:
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