Friday’s Options Perfection, Fresh Idea for the SPY

Friday’s Options Review: 

The markets got absolutely crushed to close out the week on Friday, so it was fortunate that the majority of the plays that we offered up as intraday trading ideas were on the bearish side of the fence. However, the one set of calls that we rode with also bucked the trend and posted some huge gains, so we swept the board with a perfect performance on the day.

Our particular targets for the day were the BABA Weekly $110-113 Calls, the DOCU Weekly $68-65 Puts, the SPY 06/10 $400-398 Puts, and the SFIX Weekly $7-6.50 Puts. The potential profits produced by these plays did not disappoint. Those figures were as follows:

BABA Weekly $110-113 Calls
$110: 
.27-.95 (+252%)
$111: .09-.49 (+444%)
$112: .03-.27 (+800%)
$113: .01-.14 (+1300%)
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DOCU Weekly $68-65 Puts
$68: .91-3.70 (+307%)
$67: .54-3.00 (+455%)
$66: .36-2.20 (+511%)
$65: .20-1.50 (+650%)
_____

SPY 06/10 $400-398 Puts
$400: 5.24-11.00 (+110%)
$399: 4.57-9.28 (+103%)
$398: 3.88-8.31 (+114%)
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SFIX Weekly $7-6.50 Puts

$7.00: .05-.25 (+400%)
$6.50: .20-.55 (+175%)


Fresh Options Idea:

As we mentioned at the outset of last week, we’re heading into a very thin and spotty time in terms of big name earnings reporters, which are typically our daily bread and butter for quick-strike options trading opportunities. In times like these, we usually rely upon playing daily SPY targets. Today we’re going to look at the SPY 06/13 $385-383 Puts.


Extended Watchlist:
GMVD, IMPP, DAWN, BLUE, RDBX, MWWC, CYDY, ENZC, IGXT, AWSI, MMMM, 

Options Recap, 4 Fresh Ideas & More

Thursday’s Options Review: 

We’re ready to wrap up another trading week today, and it was a heck of solid one for us on the options front. We were bearish on most of our highlighted ideas for the day, and the markets took a serious dive in the second half of the session, which facilitated some kind gains. However, our one bullish target bucked the overall trend and delivered some notable intraday moves as well, so all in all it was a pretty good outing.

The winning targets that we were focusing our attention upon were the SIG Weekly $65-67 Calls, the BILI Weekly $27.50-26.50 Puts, and the NIO Weekly $20.50-19.50 Puts. The potential gains they yielded for the session were very respectable, and went as follows:

SIG Weekly $65-67 Calls
$65:
 2.69-5.00 (+86%)
$66: 1.85-4.10 (+122%)
$67: 1.35-3.30 (+144%)
_____

BILI Weekly $27.50-26.50 Puts
$27.50:
 1.24-2.65 (+114%)
$27: .80-2.18 (+173%)
$26.50: .60-1.88 (+213%)
_____

NIO Weekly $20.50-19.50 Puts
$20.50:
 1.06-1.80 (+70%)
$20: .70-1.36 (+94%)
$19: .45-.95 (+111%)


Fresh Options Ideas:
BABA Weekly $110-113 Calls
DOCU Weekly $68-65 Puts
SPY 06/10 $400-398 Puts
SFIX Weekly $7-6.50 Puts


Extended Watchlist:
AHFD, ALMTF, MWWC, EBML, ITNS, TCRT, PALT, BRQS, NISN, RGS, BIMI

Three Winners, Three New Targets

Options Clean Sweep:

We came out firing on all cylinders in yesterday morning’s premarket report. We lined up three potential options trading ideas, and all three were good for some nice single session gain opportunities. In addition to earnings related ideas we also continued to play the SPY, which we’ve been doing to great effect lately.

Our exact areas of interest were the TLRY Weekly $6.50-7.50 Calls, the SFIX Weekly $19 Calls, and the SPY 1/10 $465-462 Puts, The SFIX gains were modest, but TLRY and the SPY logged huge multibag intraday runs.

TLRY Weekly $6.50-7.50 Calls
$6.50: 
.64-1.45 (+412%)
$7: .47-1.11 (+447%)
$7.50: .35-.83 (+412%)
_____

SFIX Weekly $19 Calls
$19:
 .23-.41 (+447%)
_____

SPY 1/10 $465-462 Puts
$465: 
2.52-8.31 (+412%)
$464:1.88-7.37 (+447%)
$462: 1.14-5.53  (+412%)


Fresh Options Ideas:
ACCD Weekly $20 Calls
KBH 02/18 $40-42 Calls
ULTA 02/11 $365-385 Calls 


Extended Watchlist:
AVVH, TGGI, AITX, ICOA, TCRI, BNOW, MGTI, TSRI, BDTX, PETZ, VXIT