EarningsBeats Digest

Published: Wed, 09/15/21

EarningsBeats.com Digest for September 15, 2021

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Trading Candidates:

Options Max Pain Webinar

We had an excellent Options Max Pain webinar yesterday afternoon, where Chief Market Strategist Tom Bowley identified 5 specific long and 3 specific short trading candidates - stocks that Tom believes could make substantial moves into Friday's options expiration.

In addition, Tom discussed potential moves in the SPY and QQQ into Friday's expiration based on Max Pain. We have seen some big-time winners come out of our Options Max Pain webinars.

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Will This Stock Zoom Higher Because of Options Expiration?

We had a great session yesterday afternoon with our EarningsBeats.com members, discussing multiple stock trading candidates that could see a surge or big decline based on options activity. Zoom Video Communications (ZM) has been beaten up significantly since reporting its quarterly results recently and could soon hit major price support at a time when it would behoove market makers to buy the stock and send it higher. Here's the current technical picture:

ZM definitely is weak and this article is no current endorsement of the stock longer-term. However, there is incentive to see a rally sooner rather than later and another surge back to the 300 area shouldn't be ruled out. First, key price support just below 275 must hold. From there, ZM has a chance for recovery in the near-term. The PPO is at its lowest level over the past year. The last two times we've seen the PPO this low, an ensuing bounce occurred, furthering the case for a short-term rebound. With $146 million of net in-the-money call premium on the table, ZM could really struggle ahead if it doesn't rally now.

Happy Trading!

Tom Bowley
Chief Market Strategist

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