06.15.2022: Big Money Shopper Watchlist

Big Money Shopper Watchlist 6/15/22

We have a big size call buyer in Warner Brothers Discovery (Ticker:  WBD) of the Jan of 2023 expiration cycle:

Looking at the chart, WBD has formed a hammer yesterday:

Remember, a hammer is found at the bottom of a downtrend and could be signaling a reversal of that trend.

WBD could possibly trade back up to that previous support line (old support becomes new resistance) at $16.46.

The list is short this week, but we are experiencing some wild market moves.

Colette Voyard

Colette Voyard

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About the Author

Colette Voyard

Colette Voyard

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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