Decent Start to the Trading Week:
We started off the week on a relatively quiet note yesterday, formulating just a pair of potential options plays that were not based on earnings, as the calendar was essentially empty on that front. We take what we can get around here, and each of the ideas in yesterday’s premarket report managed to produce notable intraday movement. The rest of the week should be better for us in terms of having more big name earnings reporters to work with.
As for yesterday’s winners, the WMT Weekly $155-157.50 Calls, and the BBY Weekly $69-70 Calls, here were the intraday runs and total possible profits that were on the table for traders:
WMT Weekly $155-157.50 Calls
$155: 1.78-2.76 (+55%)
$157.50: .53-1.03 (+94%)
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BBY Weekly $69-70 Calls
$69: .52-1.09 (+110%)
$70: .25-.61 (+144%)
Fresh Options Ideas:
SPY 11/28 $455-454 Puts*
PDD Weekly $132-134 Calls
ZS Weekly $185-182.50 Puts
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Branded Legacy Inc. (OTCMKTS:BLEG) – Recap:
We began tagging BLEG in our extended watchlist on the 8th of this month, at which time the stock was trading for as little as .001. Yesterday, BLEG topped out at a new high of .0043, which marks an upswing of 420% in just under three weeks’ time.
Extended Watchlist:
OCEL, SONG, CATV, LBSR, BSEM, ICCM, RDHL, WHLR, HSCS, ESGL