Bottom Play Options Candidates:
The winter holiday season is upon us, and it has been tough sledding over the past week with regard to the low amount of daily earnings reporters. Unfortunately, this down period is going to persist for the next month, but we will still make every effort to scout out and formulate trading ideas. We’ve gotten through other earnings dry spells before, and we’ll do it again this time as well!
Typically when there are no earnings to fuel intraday volatility that we can use to our advantage, we search for insider trading, and favorable technical setups as the next best thing. We’ve got some fresh ideas today that fall into both of those categories, with insider trades recently logged in VZIO and ETLB, and an interesting chart setup on TKR.
All three of these qualify as bottom plays that are going to be prime swing trade candidates to track into the new year:
TKR 01/21 $65-70 Calls
VZIO 01/21 $19-20 Calls
ETLB 01/21 $80-85 Calls
ICOA, NSAV, CCWF, TIPS, GRTX, GMTX, BFRI, CFVI, AVCT, NRPI, ICOA