Monday in Review:
We came out fresh to start the week in decent fashion on Monday, with our premarket report containing a trio of possible plays, all of which came down on the bearish side of things. It was the wrong move as far as how the winds were blowing but we still saw some solid movement from those targets early on.
We had put the SPY 04/13 $677-676 Puts, the GS Weekly $875-870 Puts, and the on radar FAST Weekly $47.50 Puts with those FAST Puts really being the most notable target by a huge margin, scoring a big multibag rip on the day:
SPY 04/13 $677-676 Puts
$370: .60-.94 (+57%)
$370: .25-.40 (+60%)
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GS Weekly $875-870 Puts
$370: 9.00-14.32 (+59%)
$370: 7.46-11.55 (+55%)
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FAST Weekly $47.50 Puts
$370: .35-2.25 (+542%)
Fresh Options Ideas:
SPY 04/14 $687-688 Calls*
JNJ Weekly $235 Puts
BLK Weekly $1035-1045 Calls
KMX Weekly $47.50 Puts
*Do not attempt to trade options contracts on the day of expiration unless you are an experienced trader
Extended Watchlist:
SLNH, HUBC, BOLD, ALG, GPRO, PMNT, SNAL, ROLLR, AVNS, JAN, HOTH