Monday Recap:
We got off to a bit of a rusty start this week following our hiatus, with just two of the three ideas we floated for yesterday’s premarket report posting intraday gains. It does happen on occasion, but we’ve no doubt that we’ll be back to our proper form and routine in no time.
The plays that ended up with positive intraday movement were the PDD Weekly $128-127 Puts, and the RH Weekly $227.50-225 Puts. The moves they recorded were as follows:
PDD Weekly $128-127 Puts
$128: 1.35-3.52 (+161%)
$127: 1.09-3.00 (+175%)
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RH Weekly $227.50-225 Puts
$227.50: 3.70-4.40 (+19%)
$225: 2.74-3.60 (+31%)
Fresh Options Ideas:
SPY 08/26 $643-642 Puts*
LW 09/19 $55 Calls
SMTC 09/19 $50-55 Calls
ATAT 09/19 $35-40 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
IVVD, ALLR, SATS, PFSA, PACK, BENF, SER, OPAD, STKH, IMG