Thursday’s Movers:
We wrapped up the holiday-shortened trading week on Thursday morning with a premarket report that included a slate of three possible options plays. We ended things on a high note for what was already quite a solid performance for the week when all three produced excellent upswings for the session.
We were looking at the SPY 04/02 $647-645 Puts, the AYI Weekly $280 Puts, and the MU Weekly $360-357.50 Puts. These were the most significant swings of their trading day on Thursday:
SPY 04/02 $647-645 Puts
$647: .28-.60 (+114%)
$646: .22-.51 (+132%)
$645: .20-.43 (+115%)
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AYI Weekly $280 Puts
$280: 9.10-16.40 (+80%)
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MU Weekly $360-357.50 Puts
$360: 1.76-4.03 (+129%)
$357.50: 1.11-2.78 (+150%)
Fresh Options Ideas:
SPY 04/06 $655-657 Calls*
MU Weekly $375-380 Calls
NVDA Weekly $177.50 Calls
SLNO 04/17 $50 Calls
*Do not attempt to trade options contracts on the day of expiration unless you are an experienced trader
Extended Watchlist:
IOTR, BTBD, AKTX, ADTX, CDTG, LZM, AIXI, AIB, WBUY, SLNO PFSA, FCUV