SPY Options Review
Yesterday morning, we went bearish on the markets as a whole, signaling the SPY 09/09 $340-338 Puts for observation in our premarket report. Our hunch on the daily direction of the wind proved solid, as the contracts in our designated range produced healthy intraday runs.
Here are the moves and total possible gains we witnessed there:
SPY 09/09 $340-338 Puts
$340: 3.94-7.59 (+93%)
$339: 3.30-6.78 (+105%)
$338: 2.75-6.00 (+118%)
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Fresh Options Ideas:
KOD 10/16 $45-50 Calls
LULU Weekly $340-335 Puts
Akabia Therapeutics, Inc. AKBA
We took notice of AKBA this morning because of the intriguing setup of the chart. The company had a bad clinical report recently and fell off of an absolute cliff. We want to place this on bottom watch and observe closely over the next several sessions.
There is a massive gap to the upside that you could drive a truck through, so we’re going to be anxious to see when the stock will move to fill some of that gap.
Extended Watchlist:
NKLA, SPCE, CODX, BASA, ZNOG, IJJP