A Wicked Wednesday:
We really did our thing yesterday morning, going mostly bearish with the options ideas we offered up for our premarket report and receiving help from a troubled day for the markets. Although just four out of our five possible plays were shorts, the fifth, bullish call we had also produced multibag intraday runs, so we were flat-out flawless across the board.
Our watchlist of winners were the SPY 09/04 $551-550 Puts, the NVDA Weekly $107-106 Puts, the GTLB Weekly $48.50-49.50 Calls, the DLTR Weekly $75-73 Puts, and the ZS Weekly $165-160 Puts. Here were the solid opportunities they provided to traders on the session:
SPY 09/04 $551-550 Puts
$551: .23-1.71 (+230%)
$550: .22-1.01 (+230%)
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NVDA Weekly $107-106 Puts
$107: 1.22-3.10 (+230%)
$106: .96-2.55 (+230%)
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GTLB Weekly $48.50-49.50 Calls
$48.50: 1.80-6.30 (+230%)
$49: 1.75-5.65 (+230%)
$49.50: 2.30-4.94 (+230%)
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DLTR Weekly $75-73 Puts
$75: 2.73-13.65 (+230%)
$74: 2.71-12.62 (+230%)
$73: 2.00-12.12 (+230%)
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ZS Weekly $165-160 Puts
$165: 3.36-9.10 (+230%)
$160: 1.21-4.87 (+230%)
Fresh Options Ideas:
TSLA Weekly $220-225 Calls
SPY 09/05 $549-550 Calls*
NVDA Weekly $104-105 Calls
*Only experienced traders should attempt to trade contracts on their day of expiration
Summit Wireless Technologies Inc. (NASDAQ:WISA) – Recap:
We also wanted to leave a quick update on WISA, which is a lower priced NASDAQ play that we flagged for observation in yesterday’s extended watchlist. The stock ran from a low of 1.95 on the day, and popped as high as 3.72 in aftermarket trading. That works out to an intraday uptick of 91%
Extended Watchlist:
HOTH, EAST, YYGH, SHPH, FFIE, AIEV