Options Trading
Monday saw impressive gains in options trading, particularly with SPY, NVDA, and TSLA. SPY calls saw gains up to 2300%, while NVDA weekly calls jumped as much as 92%. TSLA calls also showed significant increases around 59%. New options ideas include NVDA weekly $152.50 calls, APOG 01/17 $65 puts, and RPM 01/17 $120-115 puts. Remember, trading options on expiration day is for experienced traders only. The extended watchlist includes stocks like XTIA, RIME, and INVZ.
This report highlights the volatile yet potentially lucrative nature of options trading, specifically focusing on short-term gains. The extraordinary gains in SPY options compared to the more moderate increases in NVDA and TSLA suggest varying risk-reward profiles. Traders should carefully evaluate factors like expiration dates and strike prices when considering high-momentum options like these. Remember, due diligence is critical when participating in high-risk, high-reward strategies like weekly options trading. Exploring various options strategies such as covered calls and protective puts can help mitigate risk.
| Option | Gain |
|---|---|
| SPY $595 Calls | +2300% |
| NVDA $148 Calls | +92% |
| TSLA $420 Calls | +59% |
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