Friday Recap, News Alert, Fresh Options Ideas

A Very Fine Friday:

We fared quite well for Friday’s session, with all of the ideas that we formulated for our premarket report. exhibiting impressive intraday upswings for traders to take advantage of, ending what had been a very solid short trading week on a high note.

Our winning targets for the session were the TSLA Weekly $250-255 Calls, the MARA Weekly $20.50-20 Puts, and the SPY 07/05 $551-552 Calls. These were the intraday runs they registered:

TSLA Weekly $250-255 Calls
$250:
 .20-1.86 (+830%)
$252.50: .08-.58 (+625%)
$255: .03-.19 (+533%)
_____

MARA Weekly $20.50-20 Puts
$20.50:
 .57-1.10 (+93%)
$20: .31-.65 (+110%)
_____

SPY 07/05 $551-552 Calls
$551:
 1.08-4.04 (+274%)
$552: .61-3.08 (+405%)


Fresh Options Ideas:
GBX 07/19 $45 Puts
PBF 07/19 $43-44 Calls
INTC Weekly $32-33 Calls


Cannabis Bioscience International Holdings, Inc. (OTCMKTS:CBIH) – News Update:

We’re circling back to CBIH once again this morning, as the company has released another fresh PR to kick off the week. The company wished to elaborate on its plans for the future, and the letters from CBIH officials contain much to that effect. It’s definitely worth a read via the link below.

HOUSTON, July 08, 2024 (GLOBE NEWSWIRE) — Since the start of the year, Cannabis Bioscience International Holdings (OTCMKTS: CBIH) has embarked on a transformative journey involving merger opportunities, patent registrations, and company valuation. As we transition into the second half of the year, we aim to address and clarify certain aspects from our previous communications. (>>View Full PR)

For more information on CBIH, please visit cbih.net
and/or contact Peter Nicosia at (585) 703-6565 with any inquiries.


Extended Watchlist: 
MAXN, CERO, SVMH, IVP, KA, SHPW, ZAPP, MORF, GRFC

Solid Start to the Week, 3 Fresh Plays

Recap for Monday’s Report:

The week got off to a pretty good start on Monday, despite a brief lull in the flow of big time earnings reporters. We had signaled interest in some SPY Calls as well as a couple of longer-term looks that we feel could have potential in the days and weeks ahead, in our premarket report. The SPY performed quite well, and one of the two February ideas produced immediate positive intraday results.

Those two target sets were the SPY 01/22 $482-483 Calls, and the PBF 02/16 $43-44 Calls. , and in addition to their daily performances, we also have some nice new highs to report on the SAVE 02/16 $5.00-7.50 Calls we’ve been tracking since last Wednesday.

SPY 01/22 $482-483 Calls
$482:
 1.13-2.39 (+112%)
$483: .51-1.24 (+143%)
_____

PBF 02/16 $43-44 Calls
$43: 1.90-2.35 (+24%)
$44: 1.40-1.75 (+25%)
_____

SAVE 02/16 $5.00-7.50 Calls
$5.00: .68-3.38 (+397%)
$7.50: .25-1.83 (+632%)


Fresh Options Ideas:
RTX Weekly $87-88 Calls
UAL Weekly $39.50-40.50 Calls
GE Weekly $130-129 Puts


Extended Watchlist:
PHUN, CYN, FAZE, RUM, OTLK, GPAK, RVSN, ENSC, FNMA, FMCC, IGPK, HLLK, ILUS

Friday’s Rippers, 3 New Ideas

Fantastic Friday Finish:

Things really could not have gone much better for us on Friday to close out the short trading week. We had highlighted potential options plays in three chains and got awfully good results from each of the posted ideas in our premarket report for the day. Our 2024 calendar year has been exceptional thus far, with very nearly everything we touch turning to potential gold.

The ideas that we had hashed out for Friday’s session were the SPY 01/19 $478-480 Calls, the TRV Weekly $200-210 Calls, and the SLB Weekly $48-49 Calls, and here were the intraday upswings each of those contract sets recorded on the day:

SPY 01/19 $478-480 Calls
$478:
 .63-4.71 (+648%)
$479: .33-3.78 (+1045%)
$480: .15-2.83 (+1787%)
_____

TRV Weekly $200-210 Calls
$200: 6.96-11.80 (+69%)
$210: .05-1.90 (+3700%)
_____

SLB Weekly $48-49 Calls
$48: 1.13-2.43 (+115%)
$48.50: .76-1.81 (+138%)
$97: .46-1.36 (+195%)
_____

We also have an update for the longer-term SAVE Calls that we initially highlighted as a possible recovery play in our report this past Wednesday morning. Essentially the stock performed exactly as we said we believed it would, coming down a little lower before bouncing back, and giving us the kind of gains we were looking for. We might have expected it to take slightly longer than it did, but our vision came to fruition by the end of what was a really great short trading week.

SAVE 02/16 $5.00-7.50 Calls
$5.00: .68-2.60 (+282%)
$7.50: .25-1.46 (+484%)


Fresh Options Ideas: 

Without any interesting earnings reporters dropping figures this morning, we’re just going to go with a potential play on the SPY, and then we’ve identified a couple of longer-term potential plays to keep an eye on in the days and weeks ahead.

SPY 01/22 $482-483 Calls*
PBF 02/16 $43-44 Calls
NNI 02/16 $85-90 Calls


Extended Watchlist:
ILUS, HLLK, TONR, SALM, PHUN, LYT, LIFW, RVSN, CHRS, SGMT, OCTO, TALO