GainsEveryday

couldn't get over 380.99 and dropped down to hit 367.79 and 364, now we are out of this channel and looking like we are headed towards our other targets of 357, 349.55 and 345.. Anything below 370 then we continue heading lower.

Today’s top 5 UOA 6/1/22

- A barrage of KHC Calls came in to buy this morning at under $0.25. The weekly KHC June 3rd $39 Calls traded 83,000x so far. The $38 Calls also trade 21,000x. Not sure what happened there to be honest but worth watching.

– The stock had a nice pop with the other big banks recently. Today, June options have come for sale. 10,000 of both the BAC June 17th $38 Calls and the BAC June 17th $35 Puts have come for sale. It appears to be closing. In addition, weekly options are also for sale. � � – A semiconductor name pushed by activist Starboard Value caught a put buyer today. Someone bought 4,000 ON September 16th $60 Puts for $6.50.

– Call selling in the longer-term options. 5,000 of each of the UBER January 19th, 2024 $65 Calls and the $70 Calls were sold. These are held by long-term investors, who are suggesting that the big vertical spike in UBER is off the cards right now.

– Earnings out yesterday and the stock is slightly off here. Someone sold 25,000 of the CHPT June 10th $11.50 Puts and bought back 25,000 CHPT June $10 Puts, getting paid $0.09 for that spread.

Inside day with an indecision candle, if this pulls back tomorrow then we can find support at 407.04 gap fill and 405 support. If those hold then we can set up to push towards 418, 420, and 425.