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%)
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COIN Weekly $148-146 Puts
$148: 3.37-5.25 (+56%)
$147: 2.88-4.60 (+60%)
$146: 2.55-4.12 (+62%)
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MARA Weekly $22-21 Puts
$22: .70-1.00 (+43%)
$21.50: .53-.79 (+49%)
$21: .41-.62 (+51%)
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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