Options Recap
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Yesterday morning, despite reactions to the presidential debates causing a premarket dip in the markets, we decided to go bullish on the SPY, as four positive economic reports had also just dropped. Our hunch proved to be beneficial right from the opening bell as the markets spent the majority of the day ripping.
Our targets were the SPY Weekly $334-335 Calls, and both sets of contracts produced double bag gain chances for us. We did see a pullback late in the day after these runs, bringing them down to new lows, and based on this morning’s premarket activity, we should have another opportunity to see some big upswings from there.
SPY Weekly $334-335 Calls
$334: 2.45-5.55 (+126%)
$335: 2.21-4.81 (+117%)
We are also going to want to roll up to include the SPY $336-337 Calls on our watchlist.
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Fresh Options Idea:
BBBY Weekly $16-18 Calls
NKLA Weekly $21.50-23 Calls
ABCO Energy, Inc. ABCE – Recap
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Also included in yesterday’s report was a tag of ABCE in our extended watchlist, which is most typically where you can find our penny stock plays. It put together a solid multibag run from .0004 up to a high of .0009. That works out to an intraday gain of 125%
Based off of the momentum we saw yesterday, with the stock trading right around a billion and a half shares (over 26X the 30-day average volume), we will want to continue to monitor this play as well.
Extended Watchlist:
PECK, NKLA, BYOC, STHC, KRKNF, LTUM, CDTI