Best Low-Cost Stocks for Options Trading
Here are some of the top stocks for options trading this week:
- Lucid Group (NASDAQ: LCID)
- AMC Theatres (NYSE: AMC)
- SoundHound AI (NASDAQ: SOUN)
- Tilray (NASDAQ: TLRY)
- Marathon Digital Holdings (NASDAQ: MARA)
- Riot Blockchain (NASDAQ: RIOT)
- Novavax (NASDAQ: NVAX)
- Peloton (NASDAQ: PTON)
- SOFI (NASDAQ: SOFI)
- CleanSpark (NASDAQ: CLSK)
- Opendoor (NASDAQ: OPEN)
- Snap (NASDAQ: SNAP)
- NIO (NASDAQ: NIO)
Lucid Group (NASDAQ: LCID)
Lucid Group Inc. manufactures luxury electric vehicles (EVs) and is often seen as a competitor to Tesla. Its high short interest makes it an exciting choice for options trading.
AMC Theatres (NYSE: AMC)
AMC, the largest movie theater chain globally, is a popular meme stock. While a repeat of the AMC short squeeze is unlikely, its options remain highly volatile.
SoundHound AI (NASDAQ: SOUN)
SoundHound leverages AI for audio and speech recognition, making it a favorite among retail traders seeking quick options profits in the AI sector.
Tilray (NASDAQ: TLRY)
Tilray leads North America’s cannabis market and benefits from increasing state-level legalization and potential federal approval.
Marathon Digital Holdings (NASDAQ: MARA)
MARA is a cryptocurrency miner with significant Bitcoin holdings. Its options are sensitive to Bitcoin’s price movements.
Riot Blockchain (NASDAQ: RIOT)
RIOT focuses on blockchain development and Bitcoin mining, offering high volatility and frequent opportunities for options trading.
Novavax (NASDAQ: NVAX)
Known for its COVID-19 vaccine, Novavax remains an innovative biotech company with attention-grabbing options activity.
Options Trading FAQ
How Do I Find Cheap Stocks for Options Trading?
- Barchart: Ideal for identifying active options and unusual trading activity.
- Finviz: A free stock screener for finding options trading opportunities.
- Robinhood: Low-cost platform listing the top 20 stocks to watch.
Can You Make Money with Cheap Options?
Yes, by focusing on stocks with high trading volumes and rapid price movements. It’s common to buy options for pennies and sell them for significant profits within hours.
Can You Start Trading Options with $100?
Yes. Use platforms with zero trading fees like Robinhood and target inexpensive stocks. Avoid pattern day trading violations by using a cash account instead of a margin account.
Ready to Get Started?
Explore our recommended options trading platforms with low fees to begin trading these cheap stocks today!