$WYN - April 20, 2018 Calls @125s. Last week we were watching for the 121.65 break to signal additional upward momo. From charting prospective, it appeared as if the stock rejected the break last week. With this being said, you saw option premiums fall throughout the week. IF the stock rejects 116.09 support this week we will no longer be bullish on the chart setup. It would be nice to see a 2nd attempt to break 121.65, but the RSI and MACD are not looking great as of close Friday. All opinions only
$WM - April 20, 2018 Calls @ 92.50s. Last week we some bullish movement off the 20 day SMA (red). At the same time we initially saw nice RSI and MACD setup but last week it flattened out and you saw both up and down movements. IF the stock can hold the 20 day SMA, we like the chances of testing 90.63 resistance still in our opinion. IF the stock rejects that SMA, we will not be as bullish but the charts still look decent here.
$SYK - April 20, 2018 Calls @ 175s. SYK kept the solid upward momentum last week heading towards that 170.74 resistance we outlined on the charts. With the duration left in these contracts, we like the chances of continued upward momo in our opinion. With the current MACD setup, we like the chart a lot going into the new trading sessions this week. We think the premiums can see some solid gains this week if that resistance is broken in our opinion.
$PRU - April 20, 2018 Calls @ 115s. PRU did not do much last week. The stock is still flirting with the 50 SMA(blue). We are still looking for upward momentum to break that moving average and potentially head toward the 20 (red). RSI and MACD need to correct their self this week if it wants to head to 114.62 resistance that we are eyeing. IF PRU can break the 50 SMA this week, we could see the contract premiums going up this week in our opinion.
Commentaires