Kicking Off This Short Trading Week

Solid Friday Finish:

As we’ve been mentioning over the past week or so, we’re contending with an earnings dry spell at the moment, so our daily selection has been rather more limited than what is typical. However, we haven’t let that stop us entirely from formulating what we think are some of the more attractive prospects on any given trading day.

Friday’s premarket report was limited to just a pair of fresh options ideas, the ADBE Weekly $510-515 Calls and the SPY 06/16 $440-442 Calls. Despite a rocky session for the markets in general, we saw solid intraday movement from each of our selected contract sets. Here’s a breakdown of their daily performances:

ADBE Weekly $510-515 Calls
$510:
 .50-1.28 (+156%)
$515: .19-.42 (+121%)
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SPY 06/16 $440-442 Calls
$440:
 1.05-2.45 (+133%)
$441: .55-1.57 (+185%)
$442: .27-.87 (+232%)


Fresh Options Ideas:

Unfortunately, the dearth of high profile earnings reporters is slated to persist for the better part of the next month, but we will be equally persistent in our efforts to keep the ideas based on other factors flowing. Here’s what we find interesting today, to kick off this holiday-shortened trading week.

NVDA Weekly $425-430 Calls
SPOT Weekly $157.50-160 Calls
SPY 06/20 $437-438 Calls*

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Faraday Future Intelligent  Electric, Inc. (NASDAQ:FFIE)

We’re also interested in tracking FFIE, a low-priced NASDAQ stock that has recently been steadily making its way up off of its annual lows. If it can hold above its recent support level at its its 50DMA of .25, we will remain interested.


Extended Watchlist:
VCI, EVET, EVLO, LUCY, YVR, BFRI, NUEW, DICE, FRCB, BDPT

Solid Finish to a Strong Trading Week

Another Winning Wednesday:

We fared pretty well yesterday with respect to the daily options ideas we included in our premarket report. The current earnings dry period persisted, leaving us with only a pair of fresh plays, but they both put up good intraday performances. Additionally, the Oracle calls we’ve been tracking this week once again tacked on some impressive new highs for us.

Those were, of course, the ORCL Weekly $121-123 Calls that we initially marked in Tuesday’s report, and yesterday’s new targets were the LEN Weekly $117-118 Calls, and the KR Weekly $47-46 Puts. Here were the numbers they posted for the session.

ORCL Weekly $121-123 Calls
$121: .53-6.39 (+1195%)
$122: .38-5.39 (+1696%)
$123: .30-4.28 (+1326%)
_____

LEN Weekly $117-118 Calls
$117:
 1.55-3.50 (+126%)
$118: 1.30-2.75 (+111%)
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KR Weekly $47-46 Puts
$47:
 1.19-2.56 (+115%)
$46.50: .90-2.10 (+133%)
$46: .59-1.79 (+203%)


Fresh Options Ideas:
ADBE Weekly $510-515 Calls*
SPY 06/16 $440-442 Calls*

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Nikola Corp. NKLA – Recap:

We’ve also got a brief update to relay on NKLA, which we had in Wednesday morning’s extended watchlist. From its low of .99 on Wednesday, the stock has now run up to a high of 1.83. That works out to a two day swing of 85%


Extended Watchlist:
EVLO, HGEN, SPCE, VCIG, ONCR, SURF, FRCB, BDPT, GDVM

Multi-Bag Options Rips, Fresh Plays

Wednesday Winners:

Wednesday was another beautiful day for us, and the second day in a row that we turned in a clean sheet in terms of our options interests for the session. Everything we touched made a serious move on the day. We’re right in the thick of another earnings season and it is making things really interesting this week.

Yesterday’s interests from our premarket report were the BSX 05/19 $52.50-55 Calls, the BA Weekly $205-210 Calls, the MSFT Weekly $295-300 Calls, and the SPY 04/26 $406-407 Calls, which experienced multi-bag intraday runs across the board. Those intraday ranges and total potential profits broke down like this:

BSX 05/19 $52.50-55 Calls
$187.50:
 .40-.91 (+127%)
$190: .10-.25 (+150%)
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BA Weekly $205-210 Calls
$205: 2.49-5.04 (+102%)
$207.50: 1.37-3.30 (+141%)
$210: .71-1.93 (+172%)
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MSFT Weekly $295-300 Calls
$295: 2.31-5.87 (+154%)
$297.50: 1.36-4.10 (+201%)
$300: .75-2.66 (+254%)
_____

SPY 04/26 $406-407 Calls
$406:
 .66-2.02 (+206%)
$407: .36-1.21 (+236%)



Fresh Options Ideas:
META Weekly $232.50-237.50 Calls
LLY Weekly $382.50-387.50 Calls
MRK Weekly $114-116 Calls


Extended Watchlist:
EVLO, CFRX, UCAR, ATOM, NVOS, RNAZ, DPLS, AIAD,