Tuesday’s Activity:
We were in pretty good shape for the first premarket report of this short trading week. As usual, we saw some really great moves in our SPY ideas, with the other plays we were looking at coming in with less extreme runs.
We had the SPY 05/26 $750-751 Calls, the TSLA Weekly $427.50-430 Calls, and the ESLT Weekly $850 Calls on watch for Tuesday, and here were the biggest runs we saw from each of those targets:
SPY 05/26 $750-751 Calls
$750: .17-.94 (+453%)
$751: .07-.27 (+286%)
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TSLA Weekly $427.50-430 Calls
$427.50: 4.50-9.28 (+106%)
$430: 3.50-7.50 (+114%)
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ESLT Weekly $850 Calls
$850: 30.13-33.90 (+13%)
Fresh Options Ideas:
ZS Weekly $139-137 Puts
SMTC Weekly $180-185 Calls
PDD Weekly $90-89 Puts
DKS Weekly $230 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
AMSS, SNGX, BRTX, FGL, MNTS, UZX, LGHL, APPS, DY, BRTX