Wednesday Winners, 4 New Trading Ideas

A Solid Midweek Performance:

Things went pretty well for us on Wednesday. All three of the quick-strike ideas we entered into the log in our premarket report returned some pretty good figures. We haven’t had many earning reporters to work with so far in 2024, but we’ve been getting along quite well, and are now finally heading into another earnings season so things should be pretty interesting from here on out.

Yesterday’s movers and shakers were the SPY 01/17 $474-473 Puts, the NVDA Weekly $562.50-565 Calls, and the SCHW Weekly $64-62.50 Puts. Here were the daily advances and total possible gains that were on the table for these targets:

SPY 01/17 $474-473 Puts
$474:
 1.53-4.00 (+161%)
$473: .89-3.10 (+248%)
_____

NVDA Weekly $562.50-565 Calls
$562.50: 2.18-6.62 (+204%)
$565: 1.72-5.40 (+214%)
_____

SCHW Weekly $64-62.50 Puts
$64: .69-1.18 (+71%)
$63: .30-.58 (+93%)
$62.50: .48-.85 (+77%)


Fresh Options Ideas:
TSM Weekly $109-111 Calls
BIRK Weekly $45-43.50 Puts
DFS Weekly $96-97.50 Calls
SPY 01/18 $473-475 Calls*

*Only experienced traders should attempt to trade options contracts on their day of expiration


Extended Watchlist:
ATHXQ, KYNC, BDPT, EVFM, CBDW, AMMJ, CNHC, MRAI, ROMA, LYT, PHUN, CELU, AGFY

Tuesday’s Runners, 4 Fresh Ideas

Good Start to the Short Week:

We got things off to a pretty good start on this holiday-shortened week, despite only formulating a couple of possible options plays for our readers. The two targets that we did highlight in our premarket report, certainly put up some very solid numbers across the board, with multibag gain potential in each set of contracts mentioned.

Those were the NVDA Weekly $547.50-550 Calls, and the GS Weekly $377.50-382.50 Calls, and and here were the intraday upswings they posted for Tuesday’s session:

NVDA Weekly $547.50-550 Calls
$547.50:
 9.54-22.70 (+140%)
$550: 7.95-20.65 (+160%)
_____

GS Weekly $377.50-382.50 Calls

$377.50: 3.63-8.75 (+141%)
$380: 2.35-7.13 (+203%)
$382.50: 1.73-5.40 (+212%)


Fresh Options Ideas:
SPY 01/17 $474-473 Puts*
NVDA Weekly $562.50-565 Calls
SCHW Weekly $64-62.50 Puts

We also want to enter a potential longer-term play on Spirit Airlines into the mix, which is getting crushed after a judge blocked its merger with Jet Blue. Even if it continues to fall a bit, we’re taking the position that a snap-back may occur shortly thereafter, so we’re going to track the SAVE 02/16 $5.00-7.50 Calls in the days and weeks ahead. 

*Only experienced traders should attempt to trade options contracts on their day of expiration


Extended Watchlist:
 LMDXF, GEGI, CVVUF, KYNC, SFRX, IPIX, ZVSA, BFRG, SLDP, 

Closing Out a Highly Successful Short Week

Thursday’s Big Bangers: 

Thursday’s session turned up another nice crop of movers, with regard to our premarket earnings-based options ideas. We were looking a trio of earnings plays and went bearish on them all. A lackluster day from the markets in general aided our efforts, and we were able witness some really nice runs out of our selected plays.

We were honed in on the PG Weekly $144-142 Puts, the AA Weekly $52-50 Puts, and the DFS Weekly $96-94 Puts, and most of the target contracts in question posted some serious multibag moves on the day. Here are the ranges and total possible gains to be had on the backs of those ideas:

PG Weekly $144-142 Puts
$144:
 .36-1.95 (+441%)
$143: .22-1.25 (+468%)
$142: .14-.81 (+478%)
_____

AA Weekly $52-50 Puts
$52:
 .75-2.40 (+220%)
$51: .39-1.62 (+315%)
$50: .21-.85 (+304%)
_____

DFS Weekly $96-94 Puts

$96: 1.25-2.00 (+60%)
$95: .90-1.90 (+90%)
$94: .50-1.65 (+230%)


Fresh Options Ideas:
NFLX Weekly $332.50-340 Calls*
RF Weekly $21-22 Calls*
SLB Weekly $57-58 Calls*
ALLY Weekly $27-29 Calls*
SPY 01/20 $388-390 Calls*

*Please don’t attempt to trade options on their day of expiration unless you are an experienced trader with access to disposable funds!


Extended Watchlist:
WSRC, BRLL, DRCR, KYNC, QSEP, APSI, GNS, WISA, HLBZ, APPH, LHDX, ARVL