Midweek Movers:
We were very pleased with the results from yesterday morning’s premarket report, which contained a slate of four possible options trading targets. We saw really nice intraday movement out of everything we put on our radar for the session, as we continue to attempt to navigate the tumultuous conditions being precipitated by the ongoing situation in the Middle East.
Yesterday’s ideas were the LULU Weekly $157.50-155 Puts, the M Weekly $18 Calls, the OKLO Weekly $60 Puts, and the ZTO Weekly $24-25 Calls. Here were the gains they managed on the day:
LULU Weekly $157.50-155 Puts
$157.50: .86-1.77 (+106%)
$155: .56-1.11 (+98%)
_____
M Weekly $18 Calls
$18: .35-.84 (+140%)
_____
OKLO Weekly $60 Puts
$60: 1.50-4.00 (+167%)
ZTO Weekly $24-25 Calls
$24: 1.40-2.10 (+50%)
$25: .70-.99 (+41%)
Fresh Options Ideas:
SPY 03/19 $659-658 Puts*
MU Weekly $442.50-440 Puts
BABA Weekly $127-126 Puts
ACN Weekly $190-187.50 Puts
DRI Weekly $195 Puts
*Do not attempt to trade options contracts on the day of expiration unless you are an experienced trader
Extended Watchlist:
CHNR, SER, MOBX, LBGJ, SUNE, LNKS, DLTH, SVRN, CAL
