SPDR S&P500 ETF (SPY) - It’s been awhile since we dabbed in some SPY options and the fund is gapping up moderately in the premarket, so as we kick off this holiday-shortened 3.5 day week, we thought we’d float an idea for some calls across everyone’s desk this morning. We’re going to focus on the SPY 11/23 $218.50-220 Calls. for possible daytrades and/or swing trades over the next few sessions.
Given the Thanksgiving break on Thursday followed by just a half day for Black Friday, these contracts, which would normally be weeklies expiring on Friday, will instead expire Wednesday afternoon, so we’ll be monitoring them up to that point.
We’ll hold to this idea as long as the SPY doesn’t dip below that 218.50-mark on any pullbacks.
Tyson Foods, Inc. TSN – Next up on the menu of options ideas today is Tyson, which we’re going to go in the opposite direction with, signaling some puts to track on the heels of an earnings miss.
We’re going to zero in on the TSN Weekly $62-59 Puts in the event that TSN records a continued backslide. Unlike the previously mentioned idea, these do expire at the end of Friday’s session (1PM) so we’ll have the entire week to watch these contracts.
Petroleo Brasiliero S.A. (Petrobras) PBR – An old-time favorite from the past is making another appearance this morning, in PBR. We noticed the stock coming back down recently after a surge well past the $10 mark last month, and this morning, it is re-testing the $10-level with a solid premarket gap-up.
We’re going te set ourselves up tracking the PBR $9.50-10.50 Calls (also expiring Friday @1PM), which could be in line for some serious moves if the stock can maintain its present momentum through the session and perhaps over the course of this short week.
Dominovas Energy Corp. DNRG
This is a play that we’ve mentioned on occasion in the past, most recently two Friday’s ago, when we tagged it at .0014 and saw a decent 44% run to .0023 the following day.
Since then the stock has consolidated back down to that .0014 level, and we’re noticing a PR out this morning that could help DNRG on its next leg-up. (>>View PR)
Pennies: BTCS, GAHC, DLCR, LITH,
Shippers: SINO, DRYS, TOPS, GSL