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Options Trade Ideas

Each week we’ll provide you with actionable options trade ideas directly from our trade desk. Our trade ideas will expose you to potentially new strategies and assist you in your market research.

Options Trade Idea: BBIG

Options Trade Idea: BBIG

Fat premiums and an uptrend. What more do we need? BBIG right now has hit some resistance in the 11 area and is coming back down to the 10 day moving average which is expected since it was over extended. This stock doesn't have earnings until November so I'm targeting...

Options Trade Idea: BBIG

Options Trade Idea: PFE

PFE the stock you love to hate. Right now PFE is the only COVID drug approved by the FDA. With the government pushing towards vaccination, I believe this will pump up PFE before earnings. Strategy: DEBIT CALL SPREAD BUY 47 STRIKE CALL (October 15, 2021...

Options Trade Idea: BBIG

Options Trade Idea: CLOV

CLOV yes, is a meme stock however the premiums are nicely set up for selling for a credit. Right now CLOV is sitting above the 50 day and the 10 day moving average and it appears to have bottomed around $7.50 or so. Strategy: SHORT NAKED PUT SELL 9 STRIKE PUT (October...

Options Trade Idea: BBIG

Options Trade Idea: SPCE

Virgin Galatic recently announced it would be beating Jeff Bezos to space. This stock has been pretty violent but now has pulled back a bit. Today it crossed back over the 10 day moving averaged (blue line) and I think it's worth taking a stab at. It also has earnings...

Options Trade Idea: BBIG

Options Trade Idea: WISH

Yes, WISH is a meme stock but the chart is holding up! What I like is that is the 10 day (blue line) is curling up and it's just under the 50 day (orange line). Range is getting tight so I'm going in small! Strategy: DEBIT CALL SPREAD BUY 11 STRIKE CALL (July 16,...

Options Trade Idea: BBIG

Options Trade Idea: FSLY

FSLY pull back is what I needed to get a new entry. As you can see, it's nearing the 10 day moving average and it's been riding it up for close to a month. This could come down to the 50 mark which is why I'm pushing these contracts out. Strategy: NAKED CALL BUY 60...

Options Trade Idea: BBIG

Options Trade Idea: SNDL

I've been holding SNDL shares for quite some time so this is definitely not a short term play for me. As you can see momentum is starting to shift. Only thing it needs, is some more volume. SNDL options are very active and bid/ask is a penny wide. Strategy: NAKED CALL...

Options Trade Idea: BBIG

Options Trade Idea: FSLY

FSLY was one of those parabolic names in 2020 and has been going straight down in 2021. Right now I'm looking for a trend change. This has been riding the 10 day moving average pretty well. Obviously, this is a higher risk trade. Strategy: NAKE CALL BUY 55 STRIKE...

Options Trade Idea: BBIG

Options Trade Idea: COIN

I do believe COIN is a high risk trade but it also is a higher reward. I do believe it's trying to break it's downtrend. I have to be careful here because the contracts are not very liquid but I think this is a decent setup. Strategy: DEBIT CALL SPREAD BUY 280 STRIKE...

Options Trade Idea: BBIG

Option Trade Idea: SNOW **HIGH RISK**

Here's the situation... SNOW has sold off tremendously pre-earnings. I'm entering the position below but let me be clear, THIS IS A HIGH RISK POSITION AND IT CAN GO TO ZERO. SNOW is currently visiting all time lows and can potentially go lower. I do believe that it is...