December is filled with money moving in and out of both strong and weak stocks. If you want to see which stocks are receiving the most institutional sentiment, unusual options activity is a must.
Since I know you want to get back to festivities, I’m going to keep this brief.
Snap Inc (SNAP) saw over $1.7M in unusual call option activity, and since a breakout to new lifetime highs hasn’t happened yet… it may come in the days ahead.
The stock was recently given a $5B estimated future valuation, a catalyst which many stocks could only dream of.
The stock is already running higher, and it may continue to in the trading days ahead.
ZYNGA Inc (ZNGA) is a beaten down stock which may have found a short-term bottom as it received $102K in unusual call option activity on Wednesday.
Above $8.16 resistance, and this low-priced stock could see a short squeeze toward $10, which is more than enough for a triple-digit win when trading options.
Last but not least, Activision Blizzard Inc (ATVI) is a “lockdown” stock which finally caught a break from selling pressure on Wednesday.
With the stock attracting $407K in unusual call option buyers, ATVI could run above $77 resistance.
I’ll be keeping an eye on these plays, and if they suit my Triple Threat criteria, I’ll be sure to alert members in real-time as I put my real money to work in the market.
Let me walk you through doubling your money in the market with my most lucrative trading strategy… it’s the same one that helped me become a multi-millionaire.
