Tesla got a downgrade and I’m not really seeing much options flow that I like on Monday, with not much going on in the market.
We did see some selling pressure in some of the big names like Microsoft, Tesla and Nvidia. So instead of getting frisky and trying to time puts, I’m really just taking it easy and not forcing anything.
We did, however, see an unusual order in Abbott Labs…
Today’s Highlights:
- 💼 Abbott Labs received a lot of weekly call options with the stock up 1%.
- 👟 Foot Locker had some speculative October calls in anticipation of Nike earnings.
- 🛑 ENFN had some August calls, and the stock was halted soon after.
- ⛽ Exxon saw some July monthly calls, and the stock jumped.
- 🔋 Energy names are holding up well despite the weak tape.
Today’s Top Order Flow:
- Abbott Laboratories (NYSE: ABT): June 30 $109 CALL.
- Foot Locker Inc. (NYSE: FL): October $30 CALL.
- Enfusion Inc. (NYSE: ENFN): August $7.50 CALL.
- And more!
NOTE: If there’s no date listed after the month, it’s the monthly option that expires on the third Friday.
P.S. What are your plans this weekend?
Tom Busby is going to be using a unique method built to target extra income by the time Monday rolls around…
All you have to do is place a quick trade before the weekend hits…
And then go enjoy your life — maybe grill out with the family, or hit the golf course with your buddies.
Then come back Monday to close it out. That doesn’t seem too hard does it?
He calls it the Weekend Side Hustle…
And he’ll share the details with a small group of traders at 1 p.m. ET on Wednesday, June 28.
Catch a short video with everything you need to know right here!