Scott Bauer
Professional Options Trader
CEO of Prosper Trading Academy
CEO of Prosper Trading Academy
Watchlist Date: (10.05.2026)
Scott Bauer's Options Picks
Options Picks To Keep on Your Radar This Week
Overview
Wall Street heads into a relatively quiet week for economic data, with Federal Reserve minutes and a major Microsoft event among the key catalysts for investors.
The Fed releases minutes from its September policy meeting Wednesday at 2 p.m. ET. Investors will be watching for more detail on policymakers' views on inflation, the labor market and the path for interest rates following last month's decision.
Microsoft (MSFT) will hold a Windows and Surface event earlier Wednesday, with the focus expected to be on local artificial intelligence in Windows and new Surface devices. CEO Satya Nadella and Nvidia (NVDA) CEO Jensen Huang are expected to attend.
Elsewhere, the Paramount Skydance (PSKY) acquisition of Warner Bros. Discovery (WBD) is expected to close Tuesday, with the combined company set to operate under the Skydance name and SKYD ticker.
PepsiCo (PEP) and Delta Air Lines (DAL) headline a light earnings calendar. Costco (COST) reports monthly sales Wednesday.
Here are some names we are looking at:
Options Pick #1: Costco Wholesale Corporation (COST)
Costco Wholesale Corporation (COST) engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.
It offers merchandise, including sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; non-food merchandise comprising appliances, small electronics, health and beauty aids, hardware, lawn and garden, sporting goods, tires, toys and seasonal, automotive, stamps, tickets, apparel, furniture, domestics, housewares, special order kiosks, and jewelry; and fresh food, such as meat, produce, service deli, and bakery products.
What we are looking for:
COST is in a consolidation pattern. I will look to approach this with a Credit Iron Condor using the $940 strike as my short call and the $900 strike as my short put.
Options Pick #2: Diamondback Energy, Inc. (FANG)
Diamondback Energy, Inc. (FANG) is an independent oil and natural gas company that acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States.
The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico.
What we are looking for:
FANG has found consolidation support at its 200-day moving average. I expect this level to hold and work to the upside. I would approach this with a Bullish Call Vertical spread targeting the 100-day moving average of ~$195.
Options Pick #3: Workday, Inc. (WDAY)
Workday, Inc. (WDAY) provides enterprise cloud applications in the United States and internationally.
The company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; perform financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
It also provides spend management solutions that help organizations to streamline supplier selection and contract management, build and execute sourcing events, such as requests for proposals, and manage indirect spend; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences.
What we are looking for:
WDAY has found support at its 50-day moving average. If we can hold this level, I would approach this with a Bullish Call Calendar spread targeting the $215 strike.
Have a great trading week! Keep your risk in check and stay disciplined!!!
- Scott Bauer
P.S. Make sure you scroll down on this page, I have tons of other FREE stuff I know you'll love.
Scott Bauer, Featured Regularly On Major News Networks!
See If You Qualify To Work With Me
For traders looking to gain access to me and my live trade signal room every day from market open to market close...
Space in my live room is occasionally limited. The application is quick, easy and helps us determine if you're a fit to work with me!
The above statements were unsolicited chats made by Prosper students in real time in Mr. Bauer's live signals room. Although Prosper believes the statements to be true, Prosper has not verified whether the statements are true or accurate.
Predictive Profits
Trading System [eBOOK]
Learn my trading system step-by-step in less than 100 pages.
Josh P | January 22, 2023
Great book for all levels...
Whether you're a beginner and or an advanced trader, this book will give you some great tips for improving your trading.
Josh P | January 22, 2023
Great book for all levels...
Whether you're a beginner and or an advanced trader, this book will give you some great tips for improving your trading.
© 2026 Prosper Trading Academy.
IMPORTANT NOTICE: Trading Stock, Stock Options, Cryptocurrencies, and their derivatives involves a substantial degree of risk and may not be suitable for all investors. Currently, cryptocurrencies are not specifically regulated by any agency of the U.S. government. Past performance is not necessarily indicative of future results. Prosper Trading Academy LLC provides only training and educational information. By visiting the website and accessing our content, you are agreeing to the terms and conditions. The testimonials contained in this communication were not solicited, no compensation was paid, are not necessarily representative of the experience of all students, and Prosper has not verified the accuracy of the statements contained in any testimonial.