Thursday’s Plays:
Thursday’s activity was interesting, as we managed to log another day of no slip-ups and the three possible target ranges we highlighted in our premarket report. That was the fourth day of the week without a hitch, and gives us a chance to extend the streak into the weekend today.
Yesterday’s picks were the SPY 10/15 $769-768 Puts, the TSM Weekly $420-417.50 Puts, and the SCHW Weekly $96-95 Puts. These were the most notable intraday upswings in each of those targets:
SPY 10/15 $769-768 Puts
$769: .14-.72 (+414%)
$768: .07-.36 (+414%)
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TSM Weekly $420-417.50 Puts
$420: 3.95-5.90 (+49%)
$417.50: 3.00-4.58 (+53%)
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SCHW Weekly $96-95 Puts
$96: 3.40-4.55 (+34%)
$95: 1.00-1.75 (+75%)
Fresh Options Ideas:
SPY 10/16 $772-773 Calls*
JBHT Weekly $230 Puts*
AA Weekly $40.50-41 Calls*
CNS Weekly $70 Calls*
*Trading options contracts on their expiration date should only be attempted by experienced traders
Extended Watchlist:
SDST, NBND, DRMA, HADV, WETO, DPUI, EVSV, ESLA, LIVG, DVLT