Options Review:
We fared reasonable well with our midweek report yesterday morning, after having formulated potential options plays in five chains. With the exception of some longer-term puts in NVO, which may just need some time to come around, those ideas yielded some solid trading chances on the day.
The weekly calls that went on to enjoy those moves, in part due to the massive late-day surge in the markets following the afternoon Fed meeting, were the EA Weekly $113-116 Calls, the TMO Weekly $575-580 Calls, the GSK Weekly $34.50-35 Calls, and the AI Weekly $20-20.50 Calls, and here were the sorts of gains that were there for the taking:
EA Weekly $113-116 Calls
$113: 1.34-3.80 (+183%)
$114: .96-3.20 (+233%)
$115: .63-2.25 (+257%)
$116: .40-1.70 (+325%)
_____
TMO Weekly $575-580 Calls
$575: 11.08-22.17 (+101%)
$580: 8.13-20.00 (+146%)
_____
GSK Weekly $34.50-35 Calls
$34.50: (low volume)
$35: .40-.68 (+70%)
_____
AI Weekly $20-20.50 Calls
$20: .80-2.35 (+194%)
$20.50: .60-2.05 (+242%)
Fresh Options Ideas:
META Weekly $180-185 Calls
ALGN Weekly $325-335 Calls
SHEL 02/10 $59-60 Calls
SONY Weekly $90-92 Calls
TSLA Weekly $182.50-187.50 Calls
AI Weekly $22 Calls
SPY 02/03 $412-414 Calls
OTC RECAPS:
We’ve got updates on a couple of OTC plays we’ve been tracking over the past month or so which have made new highs this week.
Global Tech Industries Group Inc. GTII
1st Alerted: Dec 28th
Range: .78-2.25
Gained: +188%
Core Scientific Inc. CORZQ
1st Alerted: Jan.5th
Range: .061-.46
Gained: +654%
Extended Watchlist:
CVNA, BBBY, TENX, GNS, BPTS, ZVSA, RMTI, AIAD, INVU, TXHG