Excellent Way to Start the Week:
After a strong close to the last trading week, we opened things up on Monday with an equally fortuitous start to this fresh week. We cast a net of four potential options plays in our premarket report for the session, and witnessed positive intraday movement in every last target. Not only that, but glancing at the earnings calendar this morning, it appears the recent dry spell of reporters is coming to an end, with many big names releasing their figures.
Yesterday’s possibilities were the SPY 07/15 $561-562 Calls, the DJT Weekly $44-46 Calls, the NVDA Weekly $130-131 Calls, and the TSLA Weekly $250-255 Calls, and here were the daily runs they delivered, which, in the case of the SPY Calls in particular, were enormous:
SPY 07/15 $561-562 Calls
$561: .04-1.03 (+2475%)
$562: .02-.14 (+600%)
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DJT Weekly $44-46 Calls
$44: 2.40-3.85 (+60%)
$45: 2.16-3.60 (+67%)
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NVDA Weekly $130-131 Calls
$130: 2.48-3.30 (+33%)
$131: 1.59-2.07 (+30%)
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TSLA Weekly $250-255 Calls
$250: 9.61-18.29 (+90%)
$252.50: 8.43-16.45 (+95%)
$255: 7.20-14.50 (+101%)
Fresh Options Ideas:
UNH Weekly $520-530 Calls
PGR Weekly $215-220 Calls
SCHW Weekly $72.50-71 Puts
We’ve got strong multiple bottom signals on both YELP and SBUX, so we want to enter a couple of longer-term recovery ideas for those chains as well:
YELP 08/16 $37-38 Calls
SBUX 08/16 $75-80 Calls
Extended Watchlist:
CDT, SILO, TKLF, WNW, KZIA, BDRX, LASE