Monday’s Movers:
We got things off to a good start for the week yesterday morning. While we only lofted a pair of potential options trading targets in our premarket report for Monday’s session but the results came back pretty positive on both of them. We’ve been leaning on the SPY, as is typical for us during lackluster periods for high profile earnings reports.
Yesterday’s targets were the SPY 03/30 $638-640 Calls, and the PANW Weekly $150-152.50 Calls. Here were the biggest moves they recorded on the day:
SPY 03/30 $638-640 Calls
$638: .81-1.44 (+78%)
$639: .66-1.18 (+79%)
$640: .53-1.00 (+89%)
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PANW Weekly $150-152.50 Calls
$150: 4.10-9.76 (+138%)
$152.50: 2.94-7.48 (+154%)
Fresh Options Ideas:
SPY 03/31 $639-640 Calls*
SNX Weekly $160 Calls
FDS Weekly $210 Calls
*Do not attempt to trade options contracts on the day of expiration unless you are an experienced trader
Extended Watchlist:
APLS, HKIT, VRAX, KIDZ, CNTA, SOGP, MASK, MGN, SST