Friday in Review:
We closed out the short trading week on Friday in decent form. We hashed out five possible targets for our premarket report and saw good intraday movements in four out of the five. We did miss on a handful of picks over the course of last week, so we’ll need to strive harder to put better choices on the books as we kick off this fresh and full week.
As for Fridays movers, we’re talking about the SPY 09/11 $761-763 Calls, the ORCL Weekly $160-162.50 Calls, the ADBE Weekly $242.50 Puts, and the RH Weekly $139-140 Calls, which put forth the following intraday upswings on Friday:
SPY 09/11 $761-763 Calls
$761: 3.16-5.33 (+69%)
$762: 2.34-4.37 (+87%)
$763: 1.63-3.44 (+111%)
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ORCL Weekly $160-162.50 Calls
$160: .68-1.12 (+65%)
$162.50: .33-.57 (+73%)
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ADBE Weekly $242.50 Puts
$242.50: 1.39-2.71 (+95%)
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RH Weekly $139-140 Calls
$139: .05-.57 (+1040%)
$140: ..05-.22 (+340%)
Fresh Options Ideas:
SPY 09/14 $760-758 Puts*
NVDA Weekly $215-212.50 Puts
AMD Weekly $490-485 Puts
*Trading options contracts on their day of expiration should only be attempted by experienced traders