Top 10 Stocks to Watch: March 2025

If we see strong buying support, look for price action to test a new all-time high in March

February started with a sell-off from $6,147.75 on Jan. 31 to $5,935.50 on Feb. 3. Price action then remained choppy within this range until we finally broke out to the upside on Feb. 17.  

A new all-time high was quickly set on Feb. 18, after the breakout. However, this was short-lived and buying support disintegrated over the following week, bringing us down to our monthly low at $5,924, which is where price action currently sits. 

Last month, we called for price action to remain between $5,855.00 and $6,162.25, which it mostly did throughout most of February. We also called for a possible new all-time high, which we got, although barely.  

With price returning to the bottom of our short-term range, we can identify a sideways tendency in the market since mid-January.  

Although current price action around $5,970 indicates strong buying support, it is possible that price will continue lower. If it does, look for price action to test the $5,850 to $5,900 level in the next couple of weeks.  

It’s also likely that, from current price levels, we return to the top of our range around $6,150. If we do see strong buying support back to the top of the range, look for price action to test a new all-time high in March. 

A note on earnings trades 

To capture most of the volatility of earnings announcements, earnings trades are often executed either the day before or on the day of the earnings announcement.

However, earnings trades can also be placed days or weeks before an earnings event, which could lead to early profit taking.  

Alternatively, placing a trade shortly after an earnings announcement can be a strategic choice to circumvent the binary nature of the event. Evaluate each trade in a way that enables you to execute the position that matches your strategy.   

If you're considering a trade going into an earnings event, one approach is to initiate the position in the monthly options contract that follows the earnings event. This strategy offers flexibility. Should you need to defend your position—perhaps because of unexpected market movements—you have the choice to “roll” it out to the subsequent monthly options. Rolling out the position in this way enables you to extend its duration and potentially collect more premium, providing a buffer against market volatility. 

Top 10 stocks to watch in March 2024 

1. CrowdStrike Holdings (CRWD) – March 4, After the close. 
2. Marvell Technology (MRVL) – March 5, After the close. 
3. JD.com (JD) – March 6, Before the open. 
4. Oracle (ORCL) – March 10, After the close. 
5. Adobe (ADBE) – March 12, After the close. 
6. Dollar General (DG) – March 13, Before the open. 
7. DocuSign (DOCU) – March 13, After the close.
8. Pinduoduo (PDD) – March 19, Before the open. 
9. Micron Technology (MU) – March 20, After the close. 
10. NIKE (NKE) – March 20, After the close. 

 
1. CrowdStrike Holdings (CRWD)  

CrowdStrike provides cloud-delivered endpoint and cloud workload protection. The company’s stock is up 10.52% year-to-date. Its current IVR is 61.2, with March IVx at 65.5, April IVx at 54.1, and its liquidity is rated two out of four on the tastytrade platform.  CRWD is a very large product, so only very large-sized accounts should consider an undefined risk position. An 18-delta short strangle sets up well. A 20-delta 20-dollar wide iron condor also sets up well. Short directional spreads can be set up in either direction with your preference of risk.  

2. Marvell Technology (MRVL)  

Marvell designs and produces semiconductors and related technology products.

MRVL is currently down 15.87% year-to-date. Its current IVR is 91.2, with March IVx at 79.9, April IVx at 65.9, and its liquidity is rated four out of four on the tastytrade platform. 

MRVL is a medium-sized product, so medium-sized accounts could consider undefined risk positions. A one-standard deviation short strangle sets up well. A 23-delta 10-dollar wide short iron condor also sets up well. Short directional spreads can be set up in either direction with your preference of risk.   

3. JD.com (JD)  

JD.com operates as an e-commerce platform and retail infrastructure service provider in China. The company is up 17.44% year-to-date. Its IVR is 65, with March IVx at 69.5, April IVx at 62.7, and its liquidity is rated four out of four on the tastytrade platform. 

JD is a smaller-sized product, so smaller-sized accounts could consider undefined risk positions. A 25-delta short strangle sets up well. At the money short directional spreads also set up decently.   

4. Oracle (ORCL) 

Oracle develops, manufactures, markets and distributes database and cloud-engineered systems and software. The company is up 0.26% year-to-date. Its current IVR is 100.7, with March IVx at 56.3, April IVx at 45, and its liquidity is rated four out of four on the tastytrade platform.  

ORCL is a high-priced product, so only larger-sized accounts should consider undefined risk positions. 21-delta short strangles set up well. 25-delta 20-dollar wide short iron condors also set up well. Short directional spreads can be set up in either direction with your preference of risk.   

5. Adobe (ADBE)  

Adobe specializes in software for content creation, document management and digital marketing. ADBE is down 0.96% year-to-date. Its IVR is 86.4, with March IVx at 52.2, April IVx at 42.4, and its liquidity is rated three out of four on the tastytrade platform.  ADBE is a very large product, so only very large-sized accounts should consider an undefined risk position. A one-standard deviation short strangle sets up well. A 20-delta 20-dollar wide short iron condor also sets up well. Short directional spreads can be set up in either direction with your preference of risk.   

6. Dollar General (DG)  

Dollar General operates a chain of variety stores offering discounted prices. DG is currently up 3.8% year-to-date. Its current IVR is 78.4, with March IVx at 65.1, April IVx at 56.7, and its liquidity is rated three out of four on the tastytrade platform.  DG is a medium-sized product, so medium-sized accounts could consider undefined risk positions. A 20-delta short strangle sets up well. A 22-delta 10-dollar wide short iron condor also sets up well. Short directional spreads can be set up in either direction with your preference of risk.   

7. DocuSign (DOCU)  

DocuSign provides electronic agreement services, including e-signatures. DOCU is currently down 9.79% year-to-date. Its current IVR is 88.9, with March IVx at 67.7, April IVx at 52.9, and its liquidity is rated two out of four on the tastytrade platform.  DOCU is a medium-sized product, so medium-sized accounts could consider undefined risk positions. A 20-delta short strangle sets up well. A 28-delta 10-dollar wide short iron condor also sets up well. Short directional spreads can be set up in either direction with your preference of risk.   

8. Pinduoduo (PDD)  

Pinduoduo operates an e-commerce platform allowing users to participate in group buying deals, primarily in China. PDD is currently up 24.67% year-to-date. Its current IVR is 73.4, with March IVx at 71, April IVx at 63.6, and its liquidity is rated three out of four on the tastytrade platform.  ORCL is a high-priced product, so only larger-sized accounts should consider undefined risk positions. 20-delta short strangles set up well. 28-delta 20-dollar wide short iron condors also set up well. Short directional spreads can be set up in either direction with your preference of risk.  

9. Micron Technology (MU)  

Micron Technology manufactures semiconductor devices, primarily memory and storage. MU is currently up 7.9% year-to-date. Its current IVR is 64.4, with March IVx at 70.7, April IVx at 58.3, and its liquidity is rated four out of four on the tastytrade platform.  MU is a medium to high-priced product, so only medium to large-sized accounts should consider undefined risk positions. One-standard deviation short strangles set up well. 28-delta 20-dollar wide short iron condors also set up well. Short directional spreads can be set up in either direction with your preference of risk.    

10. NIKE (NKE)  

Nike designs, develops and markets athletic footwear, apparel, equipment and accessories. NKE is currently up 7.17% year-to-date. Its current IVR is 86.7, with March IVx at 49.3, April IVx at 39.6, and its liquidity is rated four out of four on the tastytrade platform.  NKE is a medium-sized product, so medium-sized accounts could consider undefined risk positions. A 23-delta short strangle sets up well. Short directional spreads can be set up in either direction with your preference of risk. 

Ryan Sullivan is an active options and forex trader and programming producer for the tastylive network.

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