Wednesday in Review:
We made out pretty well yesterday with the options ideas we formulated for our premarket report. We went with just a pair of ideas, but they both played out pretty well. Early on, the SPY Puts ran, prior to the tariff pause that was announced later in the afternoon. Today, we’re going to flip again, anticipating the SPY to pare some of those gains early, before seeing another bounce at some point throughout the day.
As for yesterday’s targets, we had the SPY 04/09 $489-487 Puts and the DAL Weekly $35-36 Calls put up these figures on the day:
SPY 04/09 $489-487 Puts
$489: 1.88-4.04 (+115%)
$488: 1.73-3.70 (+114%)
$487: 1.57-3.37 (+115%)
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DAL Weekly $35-36 Calls
$35: 3.18-6.58 (+107%)
$35.50: 2.68-8.90 (+232%)
$36: 1.03-9.00 (+774%)
Fresh Options Ideas:
SPY 04/10 $532-534 Calls*
KMX 04/17 $77.50-72.50 Puts
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Venus Concept Inc. (NASDAQ:VERO) – Recap:
VERO came off of our extended watchlist yesterday and went down as the NASDAQ’s biggest mover of the day. While most of that figure was in the major gap-up, we still saw the stock trade intraday from 7.10-9.97, which marks a rise of 40%
Extended Watchlist:
ELAB, PRFX, ICCT, BTOG, RSLS, KTTA, WHLR, HYFM