Rundown of Wednesday’s Plays:
Wednesday brought more opportunities for us to extend our streak of wins, as we managed to hash out a slate of three solid ideas in our premarket report for the day. We’ll likely stay on the bearish side of the fence once again today, from the looks of things here in the premarket.
As for our targets from yesterday, those were the SPY 04/02 $557-555 Puts, the BB Weekly $4-3 Puts, and the NCNO 04/17 $20-17.50 Puts. They yielded the following intraday chances:
SPY 04/02 $557-555 Puts
$260: .30-.93 (+210%)
$262.50: .24-.72 (+200%)
$260: .20-.56 (+180%)
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BB Weekly $4-3 Puts
$4: .53-.73 (+38%)
$3.50: .12-.21 (+75%)
$3: .01-.04 (+300%)
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NCNO 04/17 $20-17.50 Puts
$20: .60-.75 (+25%)
$17.50: .05-.15 (+200%)
Fresh Options Ideas:
SPY 04/03 $549-546 Puts*
RH Weekly $175-172.50 Puts
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
PTIX, PMAX, APVO, TIVC, OSRH, SMST, NIVF