Wednesday’s Winners, 6 Fresh Options Plays

Reviewing Wednesday’s Movers:

It was a good day for the options picks we highlighted in yesterday morning’s premarket report, We included three sets of weekly options, and a potential swing trade on some longer-term targets. All three of our quick-strike ideas bore immediate fruit, and posted some nice intraday runs on their respective charts.

That trio of runners was the DLTR Weekly $145-142 Puts, the TSLA Weekly $177.50-172.50 Puts, and the COIN Weekly $252.50-250 Puts. These were the performances they recorded for Wednesday’s session:

DLTR Weekly $145-142 Puts
: 11.50-17.83 (+55%)
$144: 11.91-16.53 (+39%)
$143: 9.97-16.00 (+60%)
$142: 9.25-15.27 (+65%)

TSLA Weekly $177.50-172.50 Puts
: 4.00-8.75 (+119%)
$175: 2.70-6.60 (+144%)
$172.50: 1.76-4.70 (+167%)

COIN Weekly $252.50-250 Puts
$252.50: 2.96-8.43 (+185%)
$250: 2.42-7.55 (+212%)

Fresh Options Ideas:
TSLA Weekly $170-167.50 Puts
WB Weekly $10 Calls
DKS Weekly $195-197.50 Calls
FUTU Weekly $62-60 Puts
PATH Weekly $25-26 Calls
SPY 03/14 $516-517 Calls*

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

Li-Cycle Holdings Corp. (NYSE:LICY) – Recap: 

We signaled interest in tracking LICY via our extended watchlist in yesterday’s report, and the stock made a really nice move on the day. It traded up from a low of .6537, and hit a daily high of .8997. That worked out to an intraday rise of 38% which is very respectable for a stock in this price range.

Extended Watchlist: