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, 

Good Start to Holiday Week, 3 New Ideas

Solid Start to a Short Week:

We were pleased to kick off the first of two consecutive 4-day holiday trading weeks with good form yesterday. It is a challenging time of year to continue to root out good intraday opportunities, but we managed to do just that.  Our premarket report consisted of just a pair of potential plays, and in both cases, we were happy to observe multi-bag runs in all of our highlighted contract sets.

Our daily interests were the SPY 12/26 $473-474 Calls, and the INTC Weekly $48.50-49.50 Calls, and here were the upswings they recorded for the session:

SPY 12/26 $473-474 Calls
$473:
 1.44-3.64 (+153%)
$474: .86-2.58 (+200%)
_____

INTC Weekly $48.50-49.50 Calls
$48.50: .87-2.13 (+145%)
$49: .62-1.70 (+174%)
$49.50: .44-1.31 (+198%)



Fresh Options Ideas:
MARA Weekly $27-28 Calls
COIN Weekly $172.50-177.50 Calls

CYTK 01/19 $70 Calls


Extended Watchlist:
BXRX, GEGI, LGIQ, TMRC, ELYS, KRBP, CING, FWBI, CHRS, NKGN, JTAI

Wednesday’s 5000% Rippers, SIX New Ideas

5000% Runners on Wednesday!

We really got things back on track yesterday after a fairly lackluster outing on Tuesday. We hashed out a trio of potential option plays, and not only did we see intraday gains from all of them, but there were even a pair of FIVE THOUSAND PERCENT gainers on the board!

Our interests on the day were the, the, and the. It was our SPY Calls that absolutely ripped through the stratosphere and registered those incredible intraday moves. Those aren’t the biggest single session gainers we’ve had in 2023, but they are definitely high up on our list of successful picks. Here’s how it all broke down on Wednesday:

SPY 09/27 $426-427 Calls
$426: .03-1.67 (+5467%)
$427: .02-1.06 (+5200%)
_____

MLKN 10/20 $22.50 Calls
$22.50:
 1.50-3.50 (+133%)
_____

COST Weekly $545-540 Puts
$545:
 .37-.85 (+130%)
$542.50: .29-.61 (+110%)
$540: .21-48 (+129%)


Fresh Options Ideas:
SPY 09/28 $426-427 Calls
KMX Weekly $73-71 Puts
JBL 10/20 $105-115 Calls
ACN Weekly $302.50-297.50 Puts
MU Weekly $65-66.50 Calls
PTON 10/20 $5.50-6 Calls 


Extended Watchlist:
BNOX, INPX, BXRX, GRTS, CHS, PTON, SLNO, SFLM, PNXLF, IMTL, GEMZ, GEGI