Tuesday’s Plays:
Tuesday was a better day for us than Monday, with a lot more opportunities to make a quick buck. We offered up four possibilities in our premarket report for the day, and all but one set of contracts from that group exhibited very nice intraday upswings.
As for the winners, we had targeted the SPY 08/26 $643-642 Puts, the SMTC 09/19 $50-55 Calls, and the ATAT 09/19 $35-40 Calls for observation and they returned the following results:
SPY 08/26 $643-642 Puts
$643: .27-.85 (+215%)
$642: .11-.38 (+245%)
_____
SMTC 09/19 $50-55 Calls
$50: 6.29-10.30 (+64%)
$55: 3.00-6.34 (+111%)
_____
ATAT 09/19 $35-40 Calls
$35: 2.27-3.15 (+39%)
$40: .50-.85 (+70%)
Fresh Options Ideas:
MDB Weekly $275-280 Calls
OKTA Weekly $95-97 Calls
ANF Weekly $95 Puts
BOX 09/19 $33-34 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
NBY, AZTR, FLNT, DEVS, PTNM