Open Interest for 1/24 – AAPL, BIDU, FB, GOOG, LNKD, PCLN, TSLA, TWTR

Below is the open interest for stocks that expire on Friday January 24th. As always, if you are going to use this information, it should be used in conjunction with your other technical analysis and I don’t advise you to trade solely based off these graphs or my notes.

If you are looking for open interest on SPY, IWM or VIX see here.

If you are looking for open interest on NFLX and an earnings preview see here.

AAPL: As I said last week, it’s a serial disappointment stock. Back in a near term downtrend, the first technical support is around 530. The highest strikes are both calls at 550 and 560.AAPL.1.18

AMZN: Looks amazing and I think was prevented from breaking out last week due to the high open interest at 400. Once again the high call strike is 400, but with much less volume since it is a weekly. Hopefully AMZN can get above it early in the week and just keep going. Retail has been doing poorly, but is that because people aren’t spending or because they are spending at AMZN? AMZN.1.18

BIDU: Back in a near-term downtrend and getting close to touching its 50 day MA at 167.50, which may end up being a magnet. Current highest puts is 170 and calls at 180. BIDU.1.18

FB: Not a pretty Friday close, but overall I think price has been constructive and like it better to the upside. If it got below 55 and couldn’t recover quickly, I would reconsider. This is the first time in a while that the puts are higher than calls on FB. Unless someone knows something that the rest of us don’t, I think that bodes well for the bulls next week. FB.1.18

GOOG: Except for being extended, it’s hard not to like GOOG right here. The highest strikes are the 1,150 and 1,180 calls. GOOG.1.18

LNKD: Although LNKD gave back much of Thursday’s gains, technically it was an inside day and I think could have more upside next week if Thursday’s lows of 217.32 holds. It may struggle at 230 where the highest calls strike is, but above it I think the path is clear to get back to at least 240. LNKD.1.18

PCLN: Technically looks great and maybe this time around ready to take-out 1,200. Highest strike is the 1,200 calls. There is also an an interesting 1,207.5/1,210 put spread. I don’t know if it was bought or sold. PCLN.1.18

TSLA: Brilliant short squeeze last week finally taking it over 150. Would be great to see continuation of that. Highest calls now at 180, but the 170 calls also have a decent amount of volume. Let’s hope it doesn’t get stuck at the highest calls for weeks on end again. TSLA.1.18

TWTR: It’s been working off being overbought nicely and perhaps will get its momentum back next week. Highest puts at 60 and high calls at 75, 80, and 85 (the last two I don’t currently have shown). TWTR.1.18

3 Enlightened Replies

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  1. John S Gilbert says:

    Just want to let you know that I really enjoy/appreciate following you on StockTwits. You cover the stocks that I have been trading around core positions for a long time. Thanks!

    John S. Gilbert

  2. Jamie Pearlstein says:

    Thank you, your explanation and information are very helpful.

  3. Alec says:

    Appreciate all ur work. For FB – can u clarify why u are bullish even if there is a higher put OI? I am assuming these are OTM puts hence you are bullish. Please let me know if my understanding is correct.