Monday’s Movers:
We may not have kicked off another fresh trading week by sweeping the board as we would have liked, but we still managed two out of three good plays in our premarket report for the session on Monday. It can certainly be a bit of a challenge to maintain through these earnings droughts, when typically, trading on the heels of earnings reports is our main formula. We most often do seem to find quality opportunities nonetheless.
Yesterday’s two standout targets were the TIGR 10/18 $13-14 Calls, and the BABA Weekly $117-118 Calls. These were the intraday upswings they recorded for the day:
TIGR 10/18 $13-14 Calls
$13: 1.40-2.45 (+75%)
$14: 1.15-2.10 (+83%)
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BABA Weekly $117-118 Calls
$117: 2.82-4.50 (+60%)
$118: 2.58-4.15 (+61%)
Fresh Options Ideas:
NVDA Weekly $129-130 Calls
SPY 10/08 $568-569 Calls*
PEP Weekly $167.50 Puts
*Only experienced traders should attempt to trade contracts on their day of expiration
Extended Watchlist:
NMHI, VIRI, BPTH, ALCE, TNXP, OTRK, IBG, ADTX