Options
Friday saw significant gains in options trading, particularly with SPY, SQ, and CRNC calls. The SPY 01/03 $585-586 Calls saw gains up to 234%, while SQ Weekly $88-89 Calls jumped as much as 340%. CRNC 01/17 $10 Calls led the pack with a 666% increase. The article also highlights fresh options ideas, including SPY 01/06, NVDA Weekly, and TSLA Weekly Calls. An extended watchlist features stocks like FCUV and MEGL. The author hopes Friday’s success signals positive trends after a choppy period.
The significant gains seen in CRNC calls compared to SPY and SQ options highlight the potential for high returns in smaller cap stocks with well-timed options trades. However, the volatility associated with these stocks also carries higher risk. The analysis of weekly options versus dated options emphasizes the importance of considering time decay and risk tolerance when selecting an options trading strategy. Monitoring the extended watchlist of stocks like FCUV and MEGL could reveal further options trading opportunities as earnings season progresses. Diversifying across different options types and strike prices can mitigate risk and enhance overall portfolio performance.
| Option | Strike Price | Gain |
|---|---|---|
| SPY 01/03 | $586 | +234% |
| SQ Weekly | $89 | +340% |
| CRNC 01/17 | $10 | +666% |
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