Twitter, Inc. TWTR – Options Recap
Our first order of business in today’s options-heavy report is to go over the second straight session of excellent intraday runs TWTR Weekly $15-16 Calls which we designated as targets in Wednesday morning’s premarket report.
This midweek, Twitter had posted losses that were less than expected in conjunction with rising user numbers. It has provided us with some really good opportunities, which were as follows:
$15 Calls – Range: .84-1.61 – Max Gain: 92%
$15.50 Calls – Range: .39-1.10 – Max Gain: 151%
$16 Calls – Range: .13-.63 – Max Gain: 384%
At this point these contracts owe us nothing. Granted that these are weeklies and it’s Friday, coupled with the fact that the stock has rushed into heavily overbought territory in just a short time, we’re fine moving on to the next thing which we’ll get to in a moment.
United Parcel Service, Inc. UPS
First we want to go over our UPS options idea that we formulated fresh for yesterday’s premarket report. This was another earnings-related idea, as a great deal of our options calls tend to be, and it worked like an absolute charm.
We signaled the UPS 05/05 $108-111 Calls and every single contract in that range produced chances for spectacular multi-bag gains on the day, with the $111′s stealing the show on a seven-bagger!
$108 Calls – Range: .48-1.70 – Max Gain: 254%
$109 Calls – Range: .23-.99 – Max Gain: 330%
$110 Calls – Range: .21-.52 – Max Gain: 148%
$111 Calls – Range: .04-.33 – Max Gain: 725%
These plays, we can leave on our radars as they don’t expire until the end of next week. If UPS manages to convincingly crack through the 200DMA at 109.00, things could get very interesting.
Western Digital Corp. WDC – Fresh Idea
As for the play that’s catching our attention on this morning’s scan, we’ve got yet another post-earnings target with WDC. The stock has been trading in an upward channel for the better part of a year now, and the company just put out a solid beat for Q3 while issuing a bolstered Q4 outlook.
We’ll try to take advantage of the commotion it’s causing on the chart with the WDC Weekly $90-92.50 Calls, but please remember the warning we always give in these situations: Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.
AMLH, JAGX, CEI, TNGO, ELTP, CRMD, ALIM