Thursday’s Movers:
We fared well yesterday with the ideas we put into our premarket report for the session. We did formulate a longer term idea for one of our three targets, so we’ll have to come back to that one, but our other two plays made some serious multibag intraday runs.
They were the ADBE Weekly $492.50-487.50 Puts, and the CIEN 12/20 $72.50 Puts, and as you can see below, they registered some big time movement on the day:
ADBE Weekly $492.50-487.50 Puts
$492.50: 6.16-21.18 (+244%)
$490: 4.74-19.22 (+305%)
$487.50: 3.20-14.40 (+350%)
CIEN 12/20 $72.50 Puts
$72.50: .04-.15 (+275%)
Fresh Options Ideas:
SPY 12/13 $606-607 Calls*
AVGO Weekly $210-215 Calls*
RH Weekly $430-435 Calls*
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
LOOP, VCIG, TRUG, SPI, ISPC