Yesterday’s Winning Options Ideas
We signaled our interest in a range of contracts from three separate options chains yesterday morning, and unsurprisingly, the potential for quick-strike single-session gains was present in all three.
Apple, Inc. AAPL – Our AAPL idea was definitely the most solid of the day, with our highlighted Weekly $98-99 Calls each making an appreciable intraday spike:
$98 Calls – Trading Range: .78-1.92 – Max Gain: 146%
$98.50 Calls – Trading Range: .55-1.51 – Max Gain: 175%
$99 Calls– Trading Range: .36-1.15 – Max Gain: 219%
The extended-term play we targeted also made a big move. The AAPL 07/17 $101 Calls traded in a range from .79-1.37, for a nice 73% rip. We’ll want to continue tracking this set of contracts in sessions to come, with plenty of time before their expiration.
SPDR S&P 500 ETF Trust (SPY) – Next up were the SPY Weekly $208-210 Calls, which we were pretty sure would produce some decent action based purely on the overall market sentiment we were observing leading up to our submission of the idea. Our assumption proved to be spot-on, and we observed some excellent moves during the session:
$208 Calls – Trading Range: 1.13-1.97 – Max Gain: 74%
$208.50 Calls – Trading Range: .81-1.56 – Max Gain: 93%
$209 Calls– Trading Range: .55-1.19 – Max Gain: 116%
$209.50 Calls– Trading Range: .33-.86 – Max Gain: 161%
$210 Calls– Trading Range: .20-.60 – Max Gain: 200%
Computer Sciences Corp. CSC – As a bonus idea we called attention to the CSC 06/17 $44-48 Calls and while a couple of the contracts contained in that range failed to trade any notable volume, respectable gains were still there for the taking in the other three:
$45 Calls– Trading Range: 3.20-5.05 – Max Gain: 58%
$47 Calls– Trading Range: 1.65-2.75 – Max Gain: 66%
$48 Calls– Trading Range: 1.25-3.48 – Max Gain: 178%
This is why we love options trading. Out of thirteen sets of contracts we slated for tracking, having eleven produce the opportunity for big gains, and seven of those produce chances at gains of more than 100% is a perfect illustration of why we have not focused solely upon stocks for years now.
More Fresh Options Ideas: We’d like to follow up that recap with some new interests this morning, each with untraded-upon earnings beats to consider. We will be following the activity in Williams & Sonoma WSM Weekly $53-55 Calls as well as Dollar Tree, Inc DLTR Weekly $83-86 Calls.
ATLS, LOTE, SHLD, SYNC, ASX, RIXG, X