Over $22,000 in profit for me yesterday trading high probability catalysts backed by financial institutions, right alongside Wall Street’s deepest pockets!
Here’s how I’m looking to make a few grand today as we wrap up the trading week.
We’ll be trading alongside data about Ameriprise Financial’s most searched stocks over the past week… while millions of dollars change hands as we wrap up the month.
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| NOW | ServiceNow Inc | Software – Application | 24.18% | 2,257,384 |
| VEEV | Veeva Systems Inc | Health Information Services | 23.42% | 1,203,430 |
| BABA | Alibaba Group Holding Ltd – ADR | Internet Retail | 2.51% | 21,295,605 |
| SAVE | Spirit Airlines Incorporated | Airlines | 0.31% | 16,535,124 |
| GILD | Gilead Sciences, Inc. | Drug Manufacturers – General | 0.74% | 22,340,458 |
| OKTA | Okta Inc | Software – Infrastructure | 33.53% | 1,710,869 |
| BMY | Bristol-Myers Squibb Co | Drug Manufacturers – General | 6.80% | 15,869,164 |
| TSLA | Tesla Inc | Auto Manufacturers | 34.97% | 15,578,944 |
| CODX | Co-Diagnostics Inc | Diagnostics & Research | 56.38% | 10,694,683 |
| VRTX | Vertex Pharmaceuticals Incorporated | Biotechnology | 14.22% | 2,024,517 |
| EBIX | Ebix Inc | Software – Application | 33.36% | 441,330 |
| CRM | salesforce.com, inc. | Software – Application | 20.50% | 6,271,225 |
| BYND | Beyond Meat Inc | Packaged Foods | 44.88% | 11,488,790 |
| CAPR | Capricor Therapeutics Inc | Biotechnology | 72.60% | 10,672,193 |
| ADBE | Adobe Inc | Software – Infrastructure | 16.22% | 2,826,091 |
| BJ | BJs Wholesale Club Holdings Inc | Specialty Retail | 28.52% | 3,475,804 |
| ALB | Albemarle Corporation | Specialty Chemicals | 25.76% | 1,424,191 |
| PETS | Petmed Express Inc | Pharmaceutical Retailers | 19.13% | 645,039 |
| DIS | Walt Disney Co | Entertainment | 17.26% | 20,514,491 |
| CATS | Catasys, Inc. | Medical Care Facilities | 20.84% | 615,873 |
Leading up to May 27 around 4pm ET, the exciting headline dominating the press and media this week had been the SpaceX launch, in which Tesla (NYSE: TSLA) is highly involved…
Many traders were excited, and many institutions have been buying hundreds of thousands of dollars worth of TSLA call options which expire today in anticipation of closing them for exponential returns upon the SpaceX launch, which was scheduled to happen on May 27.
But the launch was delayed due to bad weather after hours, when options can’t be traded. One may think “it’s ok, we can just launch when the weather is better next week,” but that does not change the fact that there have been six-figure buyers of TSLA call options which expire today hitting the tape every day this week.
Those buyers are facing a tough decision today… “What to do with six-figures worth of call options which expire today because a catalyst didn’t follow through…”
I know I’d be scratching my head! But my thesis is that TSLA is in for some volatile price action today as those six-figure call option buyers will either have to close their positions, be assigned shares of the stock, or roll their option contracts – it’s their financial decision at the end of the day.
Our job as traders is to spot this opportunity as being potentially volatile and lucrative and capitalize on it!
Here’s how I plan on doing exactly that… First, I’ll give TSLA some time to breathe after the opening bell. I’ll be watching option sweeps and dark pool prints, keeping a close eye on what the big money players are doing.
From there I’ll simply look to follow Wall Street’s biggest money as I get a feel for exactly what they’re doing with the supersized bullish bets they’ve been taking in TSLA all week, which they’re forced to exit today as their call options expire today.
$800/share is a spot to keep an eye on for TSLA today. As of right now, it’s a key support level. Therefore, if TSLA can hold and trade above it, I’ll be interested in a bullish bet.
If TSLA trades below it, I’ll look into a bearish position and think about making it myself.
Last but not least, I’ll check in on what Elon Musk, Tesla’s founder, has to say throughout the day.
Just a few weeks ago he tweeted “Tesla’s stock price is too high in my opinion.” One may wonder “who tweets that about their own company?”. I thought the same! But, hey, he still did it, and shares plummeted as a result.
Speaking of tweets, follow TrackStar on Twitter – I’ll be posting a FREE weekend watchlist for you around 3pm ET today!
Happy Friday & let me know how you do today!
Yours for TrackStar trading,
Davis Martin
America’s #1 Premarket and Day Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.