Big Money Shopper Watchlist 6/7/22

Big Money Shopper Watchlist 6/7/22

We have a very large buyer of the Jun10 and Jun17 puts in Luminar Technologies (Ticker LAZR):

The LAZR chart is also looking quite bearish:

I have a downward trending line, beginning on April 4th, that LAZR tried but could not close above, even after several attempts.

I have a resistance line at $10.80 and support down at $8.27, including a double bottom.

LAZR looks like it could be heading to test that support line again.

If you go short, use a close above that trendline for your stop.

This call buyer in Par Pacific Holdings (Ticker:  PARR) is taking his profits on his long 20 calls and rolling into the 30 strike:

Looking at the chart, can’t say I blame him after today’s bullish candle:

I think the next resistance level in PARR is $21.80, then $25:

In Barrick Gold Corp (Ticker:  GOLD) we are seeing a call sweep buyer. Sweep means they had to hit several exchanges to get filled: 

In this case seven exchanges.

Looking at the GOLD chart, today it is holding the support line at $20.25 and flirting with the 200 day moving average:

Use $20.25 for your stop loss if you decide to go long.

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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