Massive Moves Friday, Potential Trades to Start the Week

Friday’s Big Time Movers:

We closed things out on Friday morning just before the holiday break in a really big way. In our premarket report, we offered up trade possibilities in four options chains, and came away with multibag intraday performances across the board that ranged from good to great. It perpetuates a trend of excellence we’ve had going for 2024 so far, in which we’ve only missed on a single daily options idea. All indications are that this year is going to be every bit as successful as the last!

On Friday morning, were looking at the SPY 01/12 $475-477 Calls, the C Weekly $52-53 Calls, the JPM Weekly $170-175 Calls, and the UNH Weekly $520-515 Puts, and here were the excellent moves they posted during the session:

SPY 01/12 $475-477 Calls
$475:
 1.09-2.36 (+116%)
$476: .59-1.42 (+141%)
$477: .27-.66 (+144%)
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C Weekly $52-53 Calls
$52: .08-1.22 (+1425%)
$53: .02-.37 (+1750%)
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JPM Weekly $170-175 Calls
$170: .33-1.00 (+203%)
$172.50: .40-.91 (+127%)
$175: .06-.16 (+167%)
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UNH Weekly $520-515 Puts
$520: .89-6.50 (+630%)
$517.50: .57-4.50 (+689%)
$515: .27-3.00 (+1011%)


Fresh Options Ideas:
NVDA Weekly $547.50-550 Calls
GS Weekly $377.50-382.50 Calls



Integrated Cannabis Solutions Inc. (OTCMKTS:IGPK) – Recap:

We’ve also got a brief update on IGPK, a stock we included in Friday’s extended watchlist that went on to have a pretty nice intraday run from .0029-.0048. That’s an intraday pop of 66%


Extended Watchlist:
ELAB, CRLBF, LXMDF, TPTW, CAPV, ECSL, VAYK, DTGI

Winning Options Review & More

Adobe, Inc. ADBE – Review 

On Friday morning, we reminded readers to stick with our preexisting options idea for ADBE. which was gearing up big in the premarket to make some serious gains. Our targets were the ADBE $397.50-$405 Calls.

In addition to making multi-bag moves overnight, those options ideas did in fact deliver on the Friday intraday gains that we essentially guaranteed.

ADBE $397.50-$405 Calls
$397.50: 2.19-11.08 (+405%)
$400: 1.53-9.23 (+503%)
$402.50: 1.35-6.72 (+398%)
$405: .68-5.01 (+637%)


Other Updates

We had also signaled some contracts in a couple of other chains as well on Friday morning, and in both cases, we witnessed some decent intraday gains. They didn’t go parabolic, but still posted the following respectable moves on the day:

BITA 06/19 $15-17.50 Calls
$15:
1.20-1.65 (+38%)
$17.50: .35-.50 (+43%)

PLAY Weekly $15.50-16.50 Calls
$397.50:
 1.31-2.20 (+68%)
$400: 1.11-1.90 (+71%)
$402.50: .95-1.60 (+68%)
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Fresh Options Idea:
SPY 06/15 $300-298 Puts*

*Trading these puts is tantamount to trading weekly contracts on a Friday. Do not attempt to do so unless you are an advanced trader with access to disposable funds. 


Extended Watchlist:
FORW, DTGI, BLLB, HMNY, ZHUD, BSGM