Tuesday’s Runners, 4 Fresh Ideas

Good Start to the Short Week:

We got things off to a pretty good start on this holiday-shortened week, despite only formulating a couple of possible options plays for our readers. The two targets that we did highlight in our premarket report, certainly put up some very solid numbers across the board, with multibag gain potential in each set of contracts mentioned.

Those were the NVDA Weekly $547.50-550 Calls, and the GS Weekly $377.50-382.50 Calls, and and here were the intraday upswings they posted for Tuesday’s session:

NVDA Weekly $547.50-550 Calls
$547.50:
 9.54-22.70 (+140%)
$550: 7.95-20.65 (+160%)
_____

GS Weekly $377.50-382.50 Calls

$377.50: 3.63-8.75 (+141%)
$380: 2.35-7.13 (+203%)
$382.50: 1.73-5.40 (+212%)


Fresh Options Ideas:
SPY 01/17 $474-473 Puts*
NVDA Weekly $562.50-565 Calls
SCHW Weekly $64-62.50 Puts

We also want to enter a potential longer-term play on Spirit Airlines into the mix, which is getting crushed after a judge blocked its merger with Jet Blue. Even if it continues to fall a bit, we’re taking the position that a snap-back may occur shortly thereafter, so we’re going to track the SAVE 02/16 $5.00-7.50 Calls in the days and weeks ahead. 

*Only experienced traders should attempt to trade options contracts on their day of expiration


Extended Watchlist:
 LMDXF, GEGI, CVVUF, KYNC, SFRX, IPIX, ZVSA, BFRG, SLDP, 

Five Fresh Ideas to Start the Week

Friday’s Options Movers:

We put an excellent cap on last week, finishing up on Friday morning with a trio of options ideas in our premarket report. It was a good way to cap off the final session The markets put on a good performance, and that helped to propel our targets to some very good intraday increases and possible profits.

Those plays were the SPY 07/15 $379-382.50 Calls, the UNH Weekly $507.50-515 Calls, and the PINS Weekly $19-20.50 Calls.The success ran all the way across the board, with only one of the thirteen individual contract sets in our designated ranges falling just shy of multi-bag territory. Here were the total gains that were up for grabs:

SPY 07/15 $379-382.50 Calls
$379:
 2.71-6.20 (+129%)
$380: 2.15-5.50 (+156%)
$381: 1.61-4.25 (+164%)
$382: 1.19-3.25 (+173%)
$382.50: 1.03-3.13 (+204%)
_____

UNH Weekly $507.50-515 Calls
$507.50: 10.35-24.01 (+132%)
$510: 7.44-20.04 (+169%)
$512.50: 5.80-19.05 (+228%)
$515: 3.70-16.85 (+355%)
_____

PINS Weekly $19-20.50 Calls
$19: .82-1.50 (+83%)
$19.50: .43-1.04 (+142%)
$20: .21-.60 (+186%)
$20.50: .11-.24 (+118%)


Fresh Options Ideas:
SPY 07/18 $386-388 Calls
SYF Weekly $31-33 Calls
SCHW Weekly $61-64 Calls
GS Weekly $300-305 Calls
BA Weekly $150-152.50 Calls 


United Maritime Corp. USEA – We’ve also got a quick update this morning on USEA, which just commenced trading on the NASDAQ on July 6th. We tracked it over a nice 64% run the following day on the 7th, after which it consolidated into last week. After appearing again in Friday morning’s premarket report, we watched USEA make another solid move from 4.30-6.07 (+41%).


Extended Watchlist: 
GOGY, CVVUF, QSEP, CYBL, DRFS, GXXY, VAPR, QD, ADN, ILAG, EVTL, ETON, TANH