Bearish Plays Yield Gains:
We have been shrewdly hitting on big options plays this week, and we carried that trend through yesterday’s session. Things looked grim for stocks in the premarket, so we signaled a couple of bearish ideas to take advantage of the day’s sentiment. It worked like a charm, with both of our designated sets of puts providing ample opportunity for intraday gains.
We were targeting the PATH 04/14 $25-22.50 Puts, and the WBA Weekly $47.50-46.50 Puts, and got some very nice movement from those plays, with ranges and percentage gains as follows:
PATH 04/14 $25-22.50 Puts
$25: 2.20-4.71 (+114%)
$22.50: .95-2.65 (+179%)
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WBA Weekly $47.50-46.50 Puts
$47.50: 2.27-3.27 (+44%)
$47: 1.52-2.77 (+82%)
$46.50: 1.30-2.20 (+69%)
Fresh Options Ideas:
SPY 04/01 $452-453 Calls*
BABA Weekly $112-116 Calls*
YETI 05/20 $70-75 Calls
AEHR 04/14 $10-12.50 Calls
*Please do not attempt to trade options contracts on their day of expiration unless you are an experienced trader with access to disposable funds.
Extended Watchlist:
LGVN, BLBX, HUSN, IQ, BILI, ABIT, MJWL, CYDY, MSTO, NICH,