Options Flows Weekly (12/1)

Good morning traders!

We have a new trading month here and that means new inflows/outflows with new monthly candles forming which means there are moves to be made. The SP500 traded lower overnight and pretty close to the $6800 support area we talked about in our market newsletter and Bitcoin is rolling over as well which should give us a set up for one of the names I like and have been talking about with readers.

If you read Dan’s commentary about the rally since post OPEX it makes sense and last week I started to see some more flows into a few names I track and we’re going to put some of those out in my notes this week for all of you.

One of the names I talked about last week is still a Best Idea this week and is ready to breakout even further and it’s an energy name I like and one Dan highlighted in the newsletter this week as well so I am going to cover that.

The other name I am covering this week is one I talked about in October but we never got a trigger on it and for good reason because it traded lower. I spotted some nice call flows in it last week and the price-chart is ready so you won’t want to miss.