Another Top Flight Session, 3 Fresh Plays

A Wicked Wednesday:

We really did our thing yesterday morning, going mostly bearish with the options ideas we offered up for our premarket report and receiving help from a troubled day for the markets. Although just four out of our five possible plays were shorts, the fifth, bullish call we had also produced multibag intraday runs, so we were flat-out flawless across the board.

Our watchlist of winners were the SPY 09/04 $551-550 Puts, the NVDA Weekly $107-106 Puts, the GTLB Weekly $48.50-49.50 Calls, the DLTR Weekly $75-73 Puts, and the ZS Weekly $165-160 Puts. Here were the solid opportunities they provided to traders on the session:

SPY 09/04 $551-550 Puts
$551:
 .23-1.71 (+230%)
$550: .22-1.01 (+230%)
_____

NVDA Weekly $107-106 Puts
$107:
 1.22-3.10 (+230%)
$106: .96-2.55 (+230%)
_____

GTLB Weekly $48.50-49.50 Calls
$48.50:
 1.80-6.30 (+230%)
$49: 1.75-5.65 (+230%)
$49.50: 2.30-4.94 (+230%)
_____

DLTR Weekly $75-73 Puts
$75:
 2.73-13.65 (+230%)
$74: 2.71-12.62 (+230%)
$73: 2.00-12.12 (+230%)
_____

ZS Weekly $165-160 Puts
$165:
 3.36-9.10 (+230%)
$160: 1.21-4.87 (+230%)


Fresh Options Ideas:
TSLA Weekly $220-225 Calls
SPY 09/05 $549-550 Calls*
NVDA Weekly $104-105 Calls

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



Summit Wireless Technologies Inc. (NASDAQ:WISA) – Recap:

We also wanted to leave a quick update on WISA, which is a lower priced NASDAQ play that we flagged for observation in yesterday’s extended watchlist. The stock ran from a low of 1.95 on the day, and popped as high as 3.72 in aftermarket trading. That works out to an intraday uptick of 91%


Extended Watchlist:
HOTH, EAST, YYGH, SHPH, FFIE, AIEV

Midweek Movers, 4 New Targets

Wednesday’s Options Runners:

We got things right back on track with respect to our daily options ideas yesterday. Our premarket report contained a slate of four potential plays, and we saw some really nice intraday movement in all four of them. We have been on an incredible streak in this regard for all of 2024 so far, and as always, we’ll be trying our hardest to sustain that trend to the best of our ability. We sincerely thank all of our long-time and new readers alike for the incredible daily engagement and read rates!

Yesterday’s fresh targets were the VRT Weekly $56-54 Puts, the GRMN 03/25 $130 Calls, the PANW Weekly $280-275 Puts, and the PSA 03/15 $290-300 Calls, and here were the largest intraday runs posted by each of them on the day:

VRT Weekly $56-54 Puts
$56
: .31-1.20 (+287%)
$55: .15-.82 (+447%)
$54: .14-.55 (+293%)
_____

GRMN 03/25 $130 Calls
$130
: 2.94-8.60 (+192%)
_____

PANW Weekly $280-275 Puts
$280
: 12.20-20.30 (+66%)
$277.50: 10.59-17.15 (+62%)
$275: 8.80-16.18 (+84%)
_____

PSA 03/15 $290-300 Calls
$290
: 4.30-5.64 (+31%)
$300: 3.50-5.01 (+43%)


Fresh Options Ideas:
MRNA Weekly $91-93 Calls
TCOM 03/15 $44-45 Calls
PANW Weekly $260-270 Calls
NVDA Weekly $755-765 Calls


Extended Watchlist:
MNPR, AGRX, VERO, BZFD, EAST, GMBL, TSPH, ASPU

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