Thursday, October 11, 2012

Thursday 10.11 pre-mkt outlook

/ES closed yesterday at 1426 and looks to open at 1436.

$GOOG got an upgrade this morning on its price target from Susquehanna from 750 to 880 and ThinkEquity  raised its target from 735 to 850. $GOOG is trading at 752 in the pre-mkt has the most calls sitting OI at the 760 strike with 2500 and the most puts sitting at the 705 strike with 4000k. I think it could rally to 760 this AM.

$FSLR is up 3% in the pre-mkt and I'll be watching the options flow off the open to see if it will be a "pile into FSLR day"

$AAPL I've included the open interest chart for Apple this AM.

$SPY open interest chart is also included.

I like to check the strikes with the highest open interest nearest where the stock is trading.

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