2024 Off to a Sweet Start, 3 Fresh Ideas

A Fantastic First Trading Week:

We were very pleased with the way things played out on Friday, after having hit on every possible trading idea we had offered up all week, we laid down four more targets in our premarket report and pinged every one of them. It’s a heck of a way to kick off 2024, and we’re excited about the chance to continuously make it a great year. As always, we welcome our new followers, and salute our long time audience!

Friday’s items of interest were the STZ Weekly $242.50-245 Calls, the GBX 01/19 $45-50 Calls, the ANGO 01/19 $7.50-5.00 Puts, and the CRM 01/19 $250-245 Puts. Here were the solid, and, in some cases, quite impressive upswings that we observed during the session:

STZ Weekly $242.50-245 Calls
$242.50:
 2.75-10.33 (+276%)
$245: 1.00-8.00 (+700%)
_____

GBX 01/19 $45-50 Calls
$45: 2.35-5.13 (+118%)
$50: .50-2.21 (+342%)
_____

ANGO 01/19 $7.50-5.00 Puts
$7.50:
 1.44-2.79 (+94%)
$5.00: .05-.15 (+200%)
_____

CRM 01/19 $250-245 Puts
$250: 2.48-3.60 (+45%)
$247.50: 1.76-2.54 (+44%)
$245: 1.17-1.77 (+51%)


Fresh Options Ideas:
MARA Weekly $24-25 Calls
COIN Weekly $155-157.50 Calls
CMC 01/19 $50 Calls


Bonsai International Inc. (NASDAQ:BNZI) – Review:

We also have a quick update for BNZI, a NASDAQ stock that appeared in Friday’s extended watchlist, and recorded a pretty nice intraday increase, running from a low of 2.57 to as high as 3.55. That works out to a 38% run on the day.


Extended Watchlist:
CWT, OPK, AMAM, ROI, HARP, BLNK, VIZC, CSTF, PHIL, 

Tuesday’s Recaps, Today’s Fresh Ideas

Recap For Tuesday Plays:

While the markets certainly pulled a head fake yesterday, stair-stepping down for the majority of the session after an early morning gap-up, we still managed to see some marginal gain opportunities in the daily options ideas we put in yesterday’s premarket report. While the gain chances in the SPY and others were slightly muted compared to what we usually achieve, our FLNC Calls clearly stole the show with an excellent multibag performance.

Our specific areas of interest for Tuesday were the SPY 12/13 $407-410 Calls, the ORCL Weekly $82.50-85 Calls, the CNM Weekly $22.50 Calls, and the FLNC Weekly $17.50 Calls. The rundown of the moves they and the total possible profits associated with those, were as follows:

SPY 12/13 $407-410 Calls
$407:
2.40-3.88 (+62%)
$408: 1.88-3.16 (+68%)
$409: 1.47-2.53 (+72%)
$410: 1.12-1.97 (+76%)
_____

ORCL Weekly $82.50-85 Calls
$82.50:
 .34-.52 (+53%)
$83:.26-.45 (+73%)
$84: .15-.30 (+100%)
$85: .10-.19 (+90%)

CNM Weekly $22.50 Calls
$22.50:
.20-.35 (+75%)

FLNC Weekly $17.50 Calls

$17.50: 1.95-5.50 (+182%)


Fresh Options Ideas:
STNG Weekly $55 Calls
PLUG Weekly $14-15 Calls 


Extended Watchlist:
VIZC, ZCTSF, HNRC, ADHC, UATG, MAPT, NBLD, VLON, MLGO, CRKN, IMMX, KYMR, RNA

More Options Runners, Earnings Plays

KMX, SPY Options Recaps: 

We had even more continued success with our options ideas as we reached the halfway point of this 4-day trading week yesterday, including the third successful flip on our attitudes toward the SPY, which has been very kind to us this week. The day ended with some nice results from the two sets of plays we designated for observation.

We were looking at the KMX Weekly $105-97.50 Puts, which put up some really nice figures, and the SPY 04/12 $441-444 Calls, which ran out of the gate and posted some more modest yet still very respectable gains early in the session.

The trading ranges and total potential profits that could have been banked off of those ideas were as follows: 

KMX Weekly $105-97.50 Puts
$105: 4.50-11.76 (+161%)
$100: 1.65-6.80 (+312%)
$97.50: .87-4.48 (+416%)
_____

SPY 04/12 $441-444 Calls
$441: 
3.40-5.61 (+65%)
$442: 2.82-4.89 (+73%)
$443: 2.27-4.15 (+83%)
$444: 1.80-3.46 (+92%)


Fresh Options Ideas:
JPM Weekly $129-127 Puts
BBBY Weekly $17.50-16 Puts
DAL Weekly $39.50-41 Calls 


Extended Watchlist:
KLDO, AGRX, STAB, ATRS, VIZC, ARTL, APLD, TLSS, PUGI,