Wednesday’s Winners:
We’ve really kept up the pace this week, with yesterday’s session shaking out to be another flawless run for the options ideas we hashed out in our premarket report. We haven’t missed a target yet this week, and the potential gains off of yesterday’s ideas was substantial, with massive multi-bag runs taking place in every chain.
We had the AMD Weekly $222.50-217.50 Puts, the EMR Weekly $157.50-160 Calls, the CMG Weekly $37.50-37 Puts, the UBER Weekly $78-79 Calls, and the NVO Weekly $49-48 Puts on watch, and here were the biggest pops exhibited by each of those plays on Wednesday:
AMD Weekly $222.50-217.50 Puts
$222.50: 8.23-22.72 (+176%)
$220: 6.77-21.05 (+211%)
$217.50: 4.48-18.63 (+316%)
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EMR Weekly $157.50-160 Calls
$157.50: 1.30-3.60 (+177%)
$160: .05-1.70 (+3300%)
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CMG Weekly $37.50-37 Puts
$37.50: .21-.50 (+138%)
$37: .05-.16 (+220%)
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UBER Weekly $78-79 Calls
$78: .11-.66 (+500%)
$79: ..07-.45 (+543%)
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NVO Weekly $49-48 Puts
$49: .94-2.08 (+121%)
$48.50: .94-1.73 (+84%)
$48: .67-1.45 (+116%)
Fresh Options Ideas:
SPY 02/05 $685-683 Puts*
GOOG Weekly $325-320 Puts
ORLY Weekly $95 Puts
QCOM Weekly $136-134 Puts
KKR Weekly $103 Puts
*Do not attempt to trade options contracts on their day of expiration unless you are an experienced trader
Extended Watchlist:
TEAD, CISS], AIM, RNAZ, GDTC, NXL, GDTC, DHX