Wednesday’s Winners:
This week continued to go well for us yesterday, even in the face of a befuddled market. As we’ve said previously, volatility is our friend, and it has not been in short supply. Each of the potential trade targets we issued in our premarket report for Thursday produced notable intraday upswings.
Those ideas were the PDD Weekly $117-119 Calls, the YY Weekly $45 Puts, the FIVE Weekly $80-85 Calls, and the JBL Weekly $145-150 Calls. Here were the best moves that occurred on the day, including a few really nice multibaggers:
PDD Weekly $117-119 Calls
$117: 9.89-11.94 (+21%)
$118: 3.98-13.10 (+229%)
$119: 10.30-14.00 (+36%)
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YY Weekly $45 Puts
$45: 2.15-3.90 (+81%)
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FIVE Weekly $80-85 Calls
$80: 1.39-3.10 (+123%)
$85: .23-.60 (+161%)
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JBL Weekly $145-150 Calls
$145: 2.20-3.70 (+68%)
$150: .10-1.00 (+900%)
Fresh Options Ideas:
FDX Weekly $227.50-225 Puts*
MU Weekly $101-99 Puts*
SPY 03/21 $563-561 Puts*
NKE Weekly $69-67 Puts*
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
GCTK, LITM, RNAZ, PNBK, XHLD, ELAB
