Options Recap:
We had a mixed bag of results in our report from yesterday morning. While a couple of the potential plays in the group of five we were tracking didn’t gain much traction, we saw some nice gain opportunities out of the other three. That included an absolute ripper in the ZIM chain that rang up an intraday run of over TWO THOUSAND PERCENT!
Our winning selections for the session were the ZIM Weekly $21-22 Calls, the ROKU Weekly $58-57 Puts, and the SPY 03/13 $384-381 Puts, and the gains they put forth were reasonably impressive. Here’s the breakdown of their activity on the day:
ZIM Weekly $21-22 Calls
$21: .20-.89 (+385%)
$21.50: .32-1.22 (+281%)
$22: .07-1.50 (+2042%)
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ROKU Weekly $58-57 Puts
$58: 1.34-2.10 (+57%)
$57: 2.09-4.00 (+92%)
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SPY 03/13 $384-381 Puts
$384: .32-1.26 (+294%)
$383: .25-.96 (+284%)
$382: .18-.71 (+294%)
$381: .17-.51 (+200%)
Fresh Options Ideas:
GTLB Weekly $40-30 Puts
AMLX Weekly $35 Calls
SPY 03/14 $386-388 Calls*
COIN Weekly $63-65 Calls
*Trading options contracts on their day of expiration should not be attempted by inexperienced traders
Extended Watchlist:
KATX, NLST, OTTV, OSWWF, FRC, PACW, WAL, AIMD, MNTV