How to Trade MMM, SPWR and Z

John Carter discusses three trades he likes and the overall market. Carter rolled over his MMM July 145 strike calls to August, because July was tight in expiration. The daily squeeze for MMM is losing momentum and Carter expects new highs in this stock. The SPWR 40.38 July expiration spread has taken heat at $38, but Carter says support looks good and the weekly squeeze suggests a move towards higher numbers. Carter really likes Zillow (Z) and suggests buying 124 calls at $6.90, because of the weekly squeeze and high short interest of 29%. He expects the stock to get to $135. In terms of overall market, Carter says there typically is a sell-off on Thursday and Friday before expirations and then the market will typically rally after expirations Friday through next week.