I actually advised a quasi-whale friend earlier that had closed all his TSLA last week that wanted a few ideas in tech. I gave him PSTG and PYPL.
Yeah that put buyer had bought a bunch of the May $5 for .35 It doesn't look like he's closed them yet. Interesting though. The open interest there is 1450. I bet it's the same party. He might have had some diagonal on and he's chickened out on the June leg. Decided to get out while he could.
In terms of tech stocks one name to keep an eye on is Twilio. Yea ole' TWLO. It's around $50last I checked and as I remember $44 is a floor of sorts and it is that rare tech stock that has showed up in a few of these stock screens of Houses I think it was Morgon Stanley who listed it with a bunch of more stable stocks so there's probably a little meat on that bone. Back to $77./althogh PE is around 34 I think....
More good news. Maybe. Or it could just be MM's hedging things, but there are two block trades today for 240,000 shares. About 70% of today's volume.
If you want to bottom fish, DAL is either gonna hold here or drop to around $31. $32.89 If the market reverses on stupid Apple tonight, DAL will bounce nicely.
Look at a daily chart of DAL starting in late October. Classic H&S This $33 level better hold or it could drop below $30