Wednesday’s Winners, 4 Fresh Options Plays

Winning Trend Continues on Wednesday:

After a decent start to the first trading week of the new year on Tuesday, we kept things rolling pretty well yesterday for the second straight day. Our premarket report contained four potential plays on the options front, and each of those targets recorded some pretty good intraday upswings. We were hoping for a nice beginning to 2024 and thus far that goal is going according to plan!

Yesterday’s runners were the SPY 01/03 $472-471 Puts, the COIN Weekly $148-146 Puts, the MARA Weekly $22-21 Puts, and the UNF 01/19 $180 Puts. Here is the breakdown of their intraday performances for Wednesday:

SPY 01/03 $472-471 Puts
$472:
 1.12-3.70 (+230%)
$471: .51-2.76 (+441%)
_____

COIN Weekly $148-146 Puts
$148:
 3.37-5.25 (+56%)
$147: 2.88-4.60 (+60%)
$146: 2.55-4.12 (+62%)
_____

MARA Weekly $22-21 Puts
$22:
 .70-1.00 (+43%)
$21.50: .53-.79 (+49%)
$21: .41-.62 (+51%)
_____

UNF 01/19 $180 Puts
$180: 10.00-14.90 (+49%)


Fresh Options Ideas:
CALM 01/19 $55-52.50 Puts
WMT Weekly $160 Calls
RPM 01/19 $100 Puts
MBLY 01/19 $30-25 Puts 

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


Extended Watchlist:
MINM, OMGA, KTRA, RPID, JFBR, SMFL, HNRC, ZFRY, ABIT, RNGE, AHNR, TIPS

Closing Out a Fruitful Trading Week

Options Recap: 

We offered up a good mix of options ideas in yesterday morning’s premarket report, most of which worked out for us. We’ll leave out the September calls we signaled in CRMT because that idea is going to take a little time to mature, but the other three plays we highlighted turned in solid performances on the day.

We were looking at the CAG 04/08 $35-33 Puts, the STZ 04/08 $237.50-232.50 Puts, and the LW 04/15 $60 Calls. and got some pretty good intraday movement there.

CAG 04/08 $35-33 Puts
$35: .55-.85 (+54%)
$34: .19-.30 (+58%)
$33: .08-.15 (+88%)
_____

STZ 04/08 $237.50-232.50 Puts
$237.50: 2.00-8.57 (+329%)
$235:
 3.50-10.50 (+200%)
$232.50: 6.19-13.50 (+118%)
_____

LW 04/15 $60 Calls
$60: 3.50-6.05 (+73%)


Fresh Options Ideas:
SPY 04/08 $448-449 Calls
WDFC 04/14 $190-200 Calls
RH 05/13 $360-370 Calls 


Sunshine Biopharma, Inc. SBFM – Review:

We tagged SBFM for observation in our extended watchlist on Tuesday morning, at which time we observed the stock trading for as little as 4.86/share. After an after-hours surge, the stock0 has now traded for as much as 12.45. That works out to a three-day swing amounting to 156% for this NASDAQ play.


Extended Watchlist: 
CYBL, KGKG, ENGA, IGEX, SEII, TPTW, TIPS, MDVL, BWV, ATER, NDRA, BFRI,  

Potential Swing Trades to Track into 2022

Bottom Play Options Candidates:

The winter holiday season is upon us, and it has been tough sledding over the past week with regard to the low amount of daily earnings reporters. Unfortunately, this down period is going to persist for the next month, but we will still make every effort to scout out and formulate trading ideas. We’ve gotten through other earnings dry spells before, and we’ll do it again this time as well!

Typically when there are no earnings to fuel intraday volatility that we can use to our advantage, we search for insider trading, and favorable technical setups as the next best thing. We’ve got some fresh ideas today that fall into both of those categories, with insider trades recently logged in VZIO and ETLB, and an interesting chart setup on TKR.

All three of these qualify as bottom plays that are going to be prime swing trade candidates to track into the new year:

TKR 01/21 $65-70 Calls
VZIO 01/21 $19-20 Calls
ETLB 01/21 $80-85 Calls


Extended Watchlist:
ICOA, NSAV, CCWF, TIPS, GRTX, GMTX, BFRI, CFVI, AVCT, NRPI, ICOA