Kicking Off This Short Trading Week

Solid Friday Finish:

As we’ve been mentioning over the past week or so, we’re contending with an earnings dry spell at the moment, so our daily selection has been rather more limited than what is typical. However, we haven’t let that stop us entirely from formulating what we think are some of the more attractive prospects on any given trading day.

Friday’s premarket report was limited to just a pair of fresh options ideas, the ADBE Weekly $510-515 Calls and the SPY 06/16 $440-442 Calls. Despite a rocky session for the markets in general, we saw solid intraday movement from each of our selected contract sets. Here’s a breakdown of their daily performances:

ADBE Weekly $510-515 Calls
$510:
 .50-1.28 (+156%)
$515: .19-.42 (+121%)
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SPY 06/16 $440-442 Calls
$440:
 1.05-2.45 (+133%)
$441: .55-1.57 (+185%)
$442: .27-.87 (+232%)


Fresh Options Ideas:

Unfortunately, the dearth of high profile earnings reporters is slated to persist for the better part of the next month, but we will be equally persistent in our efforts to keep the ideas based on other factors flowing. Here’s what we find interesting today, to kick off this holiday-shortened trading week.

NVDA Weekly $425-430 Calls
SPOT Weekly $157.50-160 Calls
SPY 06/20 $437-438 Calls*

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Faraday Future Intelligent  Electric, Inc. (NASDAQ:FFIE)

We’re also interested in tracking FFIE, a low-priced NASDAQ stock that has recently been steadily making its way up off of its annual lows. If it can hold above its recent support level at its its 50DMA of .25, we will remain interested.


Extended Watchlist:
VCI, EVET, EVLO, LUCY, YVR, BFRI, NUEW, DICE, FRCB, BDPT

More Thousand Percent+ Gainers, New Plays

Options Reviews:

We were feeling mainly bullish about our interests yesterday as we kicked off another trading week and a couple of the sets of calls we were tracking enjoyed a pretty solid session. After initially gapping down to start things off, the markets moved in a positive direction all day long, and made up all the ground that was ceded in premarket trading. That activity helped push our tracked plays to some pretty good intraday movement.

Those runners were the GBX 04/21 $30-35 Calls, and the MU Weekly $60-62 Calls, and we’ll go ahead and list off the daily ranges and total possible gains they registered below. We also have an update on a longer-term set of puts we signaled a couple of Thursdays ago on March 30th, the SMTC 04/21 $26-25 Puts, which have continued to rise as the stock has steadily fallen to new lows. That has resulted in some absolutely massive moves in the pair of targets we’ve been tracking, and you’ll find those moves below as well.

GBX 04/21 $30-35 Calls
$30:
 2.50-3.60 (+44%)
$35: .34-.79 (+132%)
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MU Weekly $60-62 Calls
$60: 1.99-3.90 (+96%)
$61: 1.39-3.10 (+123%)
$62: .76-2.34 (+208%)
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SMTC 04/21 $26-25 Puts
$26: .20-3.40 (+1600%)
$25: .10-3.51 (+3410%)


Fresh Options Ideas:
KMX Weekly $69-70 Calls
NKE Weekly $121 Calls
PSMT 04/21 $75 Calls
ASO 04/21 $65 Calls 


Extended Watchlist:
HCNWF, INKW, TTCM, EVFM, MARVF, LUCY, NCMI, BNRG, PEAR, WW

Perfect Start to the Week, New Options Targets

Monday’s Runners: 

We started off this trading week in good form and fashion yesterday morning, with all of the potential targets that we highlighted in our premarket report registering notable upward movement on the day. It’s always nice to kick off a fresh week with a clean sweep of our board. We had a mixed bag of bears and bulls, four in all, and hit on each and every one.

Those targeted plays were the AI Weekly $26.50-27 Calls, the TSLA Weekly $190-195 Calls, the ON Weekly $79-78 Puts, and the TSN Weekly 02/17 $60 Puts. The respectable intraday swings and total possible gains they produced were as follows:

AI Weekly $26.50-27 Calls
$26.50:
 2.99-6.30 (+111%)
$27: 2.88-6.50 (+126%)
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TSLA Weekly $190-195 Calls
$190:
 7.55-11.50 (+48%)
$192.50: 6.45-10.00 (+55%)
$195: 5.50-8.75 (+59%)
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ON Weekly $79-78 Puts
$79: .94-1.70 (+81%)
$78.50: .36-1.29 (+258%)
$78: .23-.94 (+308%)
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TSN Weekly 02/17 $60 Puts
$60: .60-1.10 (+83%)


Fresh Options Ideas:
ATVI Weekly $72.50-73 Calls
BP Weekly $35-36 Calls
BIDU Weekly $157.50-162.50 Calls


Extended Watchlist:
SQL, KPRX, VCNX, CYAD, VS, LUCY, ETCC, HYRE, PHIL, RECAF, GGII, HMBL