Solid Start to Another Short Week:
We had some good movers among our daily options ideas in yesterday’s premarket report, and some incredible ones as well. All three of the ideas we were monitoring posted positive intraday movement, with our SPY targets finding themselves several cuts above the rest.
We were looking at the SPY 12/30 $590-589 Puts, the TSLA Weekly $425-420 Puts, and the DKNG Weekly $38.50-38 Puts. These were the numbers they recorded on the day:
SPY 12/30 $590-589 Puts
$590: .20-2.76 (+1280%)
$589: .05-1.91 (+3720%)
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TSLA Weekly $425-420 Puts
$425: 13.00-18.55 (+43%)
$422.50: 11.90-17.00 (+43%)
$420: 10.66-15.58 (+46%)
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DKNG Weekly $38.50-38 Puts
$38.50: 1.06-1.39 (+31%)
$30: .95-1.56 (+64%)
Fresh Options Ideas:
SPY 12/31 $589-590 Calls*
INTU Weekly $630-635 Calls
RL Weekly 01/17 $230-240 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE) – Recap:
We also noticed a particularly interesting play off of yesterday’s extended watchlist in FFIE, which saw a low of 2.19 yesterday, and has reached 4.70 in early trading today. That represents an overnight rise of 115%
Extended Watchlist:
EYEN, CRKN, BHAT, SVMH, ONCO, VRME, APM, HAO, RIME, NXU, MULN, BNAI