Solid Start to the Short Week:
We looked pretty good on Tuesday morning, considering it was a pretty muted start in term of big name earnings reporters on the daily calendar. Two of the three potential plays in our premarket report panned out quite well, recording some multi-bag intraday upswings and creating excellent opportunities for traders. Thankfully, we’ve got quite a few significant earnings reports dropping today, so things should be markedly more interesting.
As for our big runners for Tuesday, we had the SPY 09/03 $562 Puts, and the NVDA Weekly $118-117 Puts. Check out the kinds of chances they provided on the session:
SPY 09/03 $562 Puts
$562: 2.09-12.07 (+477%)
_____
NVDA Weekly $118-117 Puts
$118: 3.60-10.69 (+197%)
$117: 3.03-10.00 (+230%)
Fresh Options Ideas:
SPY 09/04 $551-550 Puts*
NVDA Weekly $107-106 Puts
GTLB Weekly $48.50-49.50 Calls
DLTR Weekly $75-73 Puts
ZS Weekly $165-160 Puts
*Only experienced traders should attempt to trade contracts on their day of expiration
Extended Watchlist:
LGMK, WISA, CNFR, WINT, NVD, BMRA