Friday’s Movers:
We got along quite well as we closed out the short trading week on Friday with a slate of four possible options plays, and saw gains ranging from good to great in three of those four targets. The markets got off to a bullish start, and after lunch hour, reversed track and fell into the close. That provided plenty of intraday activity to facilitate some very nice upswings in our daily targets.
We had the BABA Weekly $85-87 Calls, the RIVN Weekly $21.50-22.50 Calls, and the LEVI 07/21 $14-13 Puts all come through with the following intraday runs:
BABA Weekly $85-87 Calls
$85: 1.60-6.50 (+306%)
$86: .99-5.50 (+456%)
$87: .57-4.55 (+698%)
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RIVN Weekly $21.50-22.50 Calls
$21.50: 1.21-4.10 (+239%)
$22: .84-3.60 (+328%)
$22.50: .55-3.00 (+445%)
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LEVI 07/21 $14-13 Puts
$14: .55-.91 (+65%)
$13: .15-.25 (+67%)
Fresh Options Ideas:
HELE Weekly $121-124 Calls
LIN 07/21 $360-370 Calls
PLCE 08/18 $25 Calls
Gorilla Technology Group Inc. (NASDAQ:GRRR)
We also saw a decent intraday move out of GRRR, which we tagged in Friday’s extended watchlist. The stock ran from a low of 3.39 on up to a daily high of 5.79 which represented a rise of 71% on the day.
Extended Watchlist:
MOB, TTOO, NBTX, ALPP, GOEV, BANL, GTII, BDPT, QIND