Month: August 2024

Options Review, A Pair of New Targets

Recapping Thursday’s Plays:

It’s an exciting day for us, as we head into the end of the week still on our flawless run with just one session left to pull some winners out of our hats. Yesterday morning our premarket report. included ideas in four options chains, and we saw positive results from the whole lot. That leaves us a solid Friday performance away from securing that second straight trading week without a bad idea!

Yesterday’s potential targets had been the VST Weekly $76-77 Calls, the LLY Weekly $877.50-882.50 Calls, the OXY Weekly $56-57 Calls, and the SPY 08/08 $521-522 Calls, and here’s how the activity there played out on the day:

VST Weekly $76-77 Calls
$76: .96-4.68 (+387%)
$77: .60-3.75 (+525%)
_____

LLY Weekly $877.50-882.50 Calls
$877.50: .51-1.65 (+223%)
$885: .35-1.87 (+434%)
$882.50: .42-1.42 (+228%)
_____

OXY Weekly $56-57 Calls
$56: 1.40-3.14 (+124%)
$57: .35-2.32 (+563%)
_____

SPY 08/08 $521-522 Calls
$521: 3.38-10.57 (+213%)
$522: 2.84-9.47 (+234%)

Fresh Options Ideas:
EXPE Weekly $125-128 Calls*
TTD Weekly $89-91 Calls*

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

Extended Watchlist: 
CDT, KITT, MGOL, MRIN, ITI, IOVA, LTCN, RONN, SINC, EMED

Wednesday’s Winners, 4 Fresh Plays

Wednesday Review:

Our weekly streak was preserved once again on Wednesday, with our premarket report. containing 4 possibilities, all of which displayed some measure of intraday upswings for us on the session. After falling just one single idea short of a perfect run for the week before last, and securing a flawless week last week, we’re set up to potentially claim that feat for the current week as well.

Our daily targets for yesterday were the SHOP Weekly $63-65 Calls, the FTNT Weekly $63-65 Calls, the SPY 08/07 $526-528 Calls, and the SMCI Weekly $550-545 Puts, and here are the best moves recorded by each of them:

SHOP Weekly $63-65 Calls
$63: 2.15-4.95 (+130%)
$64: 1.40-4.05 (+189%)
$65: .75-1.64 (+119%)
_____

FTNT Weekly $63-65 Calls
$63: 2.76-7.87 (+185%)
$64: 2.47-7.05 (+185%)
$65: 1.56-6.65 (+326%)
_____

SPY 08/07 $526-528 Calls
$526: 2.35-3.25 (+38%)
$527: 2.05-2.80 (+37%)
$528: 1.77-2.47 (+40%)
_____

SMCI Weekly $550-545 Puts
$550: 20.00-60.08 (+200%)
$547.50: 19.32-56.90 (+194%)
$545: 17.14-51.00 (+197%)

Fresh Options Ideas:
VST Weekly $76-77 Calls
LLY Weekly $877.50-882.50 Calls
OXY Weekly $56-57 Calls
SPY 08/08 $521-522 Calls*

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

Extended Watchlist: 
CDT, XPON, WENA, APPS, ASII, AITX, 

Another Good Session, 4 New Ideas

Moving Right Along:

We maintained the status quo on our incredible run of success yesterday by selecting five options trading ideas, and all five returning significant intraday upticks in our premarket report. We had flipped back to the bullish side of the tracks after going with shorts in the previous sessions, and it was a good idea, as the markets finally broke out of their downward cycle and made some good gains.

We targeted the CSX Weekly $30-35 Calls, the PLTR Weekly $26-26.50 Calls, the CAT Weekly $327.50-332.50 Calls, and the UBER Weekly $62-64 Calls. We were quite pleased with the daily performance in each of these plays. We’ve got a good docket of earnings reporters today as well, so it appears we’ll have every chance to keep this weekly streak alive.

CSX Weekly $30-35 Calls
$32.50: 1.34-2.05 (+53%)
$33: .90-1.73 (+92%)
$33.50: .67-1.30 (+94%)
$34: .29-.95 (+228%)
$35: .05-.45 (+800%)
_____

PLTR Weekly $26-26.50 Calls
$26: .62-1.63 (+163%)
$26.50: .45-1.25 (+178%)
_____

CAT Weekly $327.50-332.50 Calls
$327.50: 1.62-8.00 (+394%)
$330: 1.49-6.64 (+346%)
$332.50: 1.62-5.00 (+207%)
_____

UBER Weekly $62-64 Calls
$62: 1.00-4.00 (+300%)
$63: .59-3.15 (+434%)
$64: .15-1.19 (+693%)

Fresh Options Ideas:
SHOP Weekly $63-65 Calls
FTNT Weekly $63-65 Calls
SPY 08/07 $526-528 Calls*
SMCI Weekly $550-545 Puts

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

Extended Watchlist: 
RR, ZCMD, GTHX, NVDL, ANTE, FMCC, RONN, ZNOG