Good Start to the Week:
We got off to a pretty good start for the fresh trading week yesterday morning. We offered up a slate of four possible options trading targets in yesterday’s premarket report that produced some solid results for us. All four made some measure of a move, with the SPY once again being our safest bet, and yielding multibag gain opportunities.
Our full slate consisted of the SPY 04/06 $655-657 Calls, the MU Weekly $375-380 Calls, the NVDA Weekly $177.50 Calls, and the SLNO 04/17 $50 Calls. The best moves they managed on the day were as follows:
SPY 04/06 $655-657 Calls
$655: 1.67-3.92 (+135%)
$656: 1.00-3.00 (+200%)
$657: .50-2.00 (+300%)
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MU Weekly $375-380 Calls
$375: 11.63-19.50 (+68%)
$377.50: 10.40-18.28 (+76%)
$380: 9.26-16.68 (+80%)
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NVDA Weekly $177.50 Calls
$177.50: 1.31-1.97 (+50%)
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SLNO 04/17 $50 Calls
$50: 2.20-2.60 (+18%)
Fresh Options Ideas:
SPY 04/07 $657-656 Puts*
TSLA Weekly $350 Puts
QQQ Weekly $586-585 Puts
*Do not attempt to trade options contracts on the day of expiration unless you are an experienced trader
Extended Watchlist:
CUPR, TBH, KPRX, EHTH, MGN, MOVE, MIGI, ANIX, UUU, NRDS, HCAI, IPST, RDGT