Friday’s Forceful Finish:
We really did a great job of closing out a nearly perfect trading week with another straight sweep of all of our fresh trading ideas for Friday’s premarket report. We put out a slate of four possible plays, all bearish, and came back with some darn good intraday results even in the face of a fairly bullish day for the markets as a whole. Everything worked, producing positive intraday runs across the board.
Our tracked targets were the SPY 08/18 $435-434 Puts, the TSLA Weekly $217.50-215 Puts, the EL Weekly $155-150 Puts, and the KEYS Weekly $135-130 Puts, and here were the figures they posted for us on the session:
SPY 08/18 $435-434 Puts
$435: .33-.98 (+197%)
$434: .17-.57 (+235%)
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TSLA Weekly $217.50-215 Puts
$217.50: 1.78-5.20 (+192%)
$215: .82-3.10 (+278%)
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EL Weekly $155-150 Puts
$155: .05-.35 (+600%)
$150: .01-.10(+900%)
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KEYS Weekly $135-130 Puts
$135: 1.80-8.20 (+356%)
$130: .40-3.35 (+737%)
Fresh Options Ideas:
PANW Weekly $230-237.50 Calls
SPY 08/21 $436-437 Calls*
NVDA Weekly $440-445 Calls
TSLA Weekly $217.50-222.50 Calls
*Trading contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
ELTP, PHIL, GEGI, SXTC, TIRX, ELIQ, CPHI, GRR, GNS, GFGD