Starting the Short Week with New Ideas

Fresh Options Ideas

To kick off this short trading week, we are going to jump right back into the mix with a trio of options ideas for our readers. We’ve already seen the major options success which has become characteristic for us, in 2020 so far. We’ll try to keep things rolling today with these new items of interest:

Alibaba Group Holding Ltd. BABA – Despite BABA having been on a bull run for several months, BABA is slipping in the premarket this morning, and while it may only be a temporary aberration to its overall trend, we are going to signal some weekly Puts for observation in the near term. Those will be the BABA Weekly $230-225 Puts.

Twitter Inc. TWTR – Also on a months long run, TWTR has been moving to fill a massive topside gap on the chart in recent sessions, and we are going to be tracking both a short and longer term idea for this chain. Our targets here will be the TWTR Weekly $34.34-50 Calls & 02/28 $36-37 Calls.

Virgin Galactic Holdings, Inc. SPCE – We’re also interested in tracking an idea from a stock in the current ‘billionaire space race’. Let’s put the SPCE 02/21 $10-15 Calls on the radar to watch in the days and weeks ahead.

CarSmartt, Inc. CRSM

Most of our work these days pertains to big board stocks and options, but we do still scan for OTC opportunities like CRSM.

This is a penny stock which began to show signs of a bottom bounce last week. We’re going to track CRSM over coming sessions too see if it can establish more of a sustained run.