Options Trading
Monday saw significant moves in options trading. Highlighted were SPY, TSLA, and DKNG puts, showing substantial intraday gains. The SPY 12/30 $589 Puts saw an impressive +3720% increase. TSLA Weekly $420 Puts rose by +46%, and DKNG Weekly $38 Puts gained +64%. New opportunities include SPY 12/31 $589-590 Calls, INTU Weekly $630-635 Calls, and RL Weekly 01/17 $230-240 Calls. FFIE also experienced a notable overnight rise of 115%. The extended watchlist includes EYEN, CRKN, BHAT, and others.
The significant gains seen in SPY puts demonstrate the potential for high returns in short-term options trading. Comparing the percentage increases across SPY, TSLA, and DKNG reveals varying levels of volatility and opportunity within different sectors. The overnight rise in FFIE highlights the importance of monitoring extended watchlists for potential breakout stocks. Investors should carefully consider risk tolerance and trading experience before engaging in options strategies, especially with contracts expiring on the same day. Understanding implied volatility and delta are crucial for making informed options trading decisions.
| Option | Strike Price | Intraday Change |
|---|---|---|
| SPY 12/30 Puts | $590 | +1280% |
| SPY 12/30 Puts | $589 | +3720% |
| TSLA Weekly Puts | $420 | +46% |
| DKNG Weekly Puts | $38 | +64% |
About the Author
