Options Recap
Thursday’s trading saw mixed results. While NVDA and JNJ call options yielded significant intraday gains (NVDA $135 calls up 165%), the overall market faced post-holiday sluggishness. Looking ahead, optimism remains for a turnaround fueled by upcoming earnings reports. Fresh options ideas include SPY 01/03 $585-586 Calls, SQ Weekly $88-89 Calls, and CRNC 01/17 $10 Calls. Remember, trading options on expiration day carries higher risk. An extended watchlist features TGL, NITO, MFI, and other tickers. Keep an eye on next week’s opportunities!
The mixed performance on Thursday highlights the importance of careful options selection and risk management, especially in volatile post-holiday trading. While NVDA and JNJ calls provided substantial intraday returns, other plays didn’t fare as well. The introduction of SPY, SQ, and CRNC options ideas suggests a shift towards different sectors or strategies. Monitoring the extended watchlist (TGL, NITO, etc.) could reveal emerging opportunities. Traders should analyze earnings reports to identify catalysts for future options trades and refine their risk assessment for short-term options like weekly calls.
| Option | Strike | Intraday Gain |
|---|---|---|
| NVDA Weekly | $135 | +165% |
| NVDA Weekly | $136 | +68% |
| JNJ Weekly | $145 | +65% |
About the Author
