Advance Auto Parts AAP – Options Recap
We signaled a few options ideas for the AAP chain after simultaneously picking up on a heck of a bottom setup on the chart as well as a strong earnings report from the company yesterday morning.
It turned out to be another great set of selections for us, as AAP ran early on in the session, making some nice gains possible for anyone who caught our ideas, the AAP Weekly $85-95 Calls, and the 01/19 $95-105 Calls.
Weekly $85-95 Calls
$85 Calls – Range: 9.90-17.00 – Max Gain: 71%
$90 Calls – Range: 5.12-12.40– Max Gain: 142%
$95 Calls – Range: 1.97-8.00 – Max Gain: 306%
01/19 $95-105 Calls
$95 Calls – Range: 5.50-9.15 – Max Gain: 66%
$100 Calls – Range: 3.50-6.60 – Max Gain: 89%
$105 Calls – Range: 2.11-3.58 – Max Gain: 70%
We will of course continue to track the activity in these plays as we head through midweek.
Roku, Inc. – Update
Having had its IPO just six weeks ago, ROKU has made some excellent progress on the chart and already provided us with multiple opportunities for solid gains. We signaled some options ideas on Friday and those turned in gains ranging from 207-491% in that single session.
We also want to talk about the move in the stock itself since that alert, at which time we witnessed it trading for as little as 30.50 per share. Yesterday’s new high of 48.80 marked a 60% increase in a span of just three sessions. That’s a fantastic move for a $30 stock to make in such a short time.
Now that it seems that ROKU is coming down off of those highs, we are going to want to stay with the trend and flip momentarily to the other side of the fence with some bearish options ideas to finish out the week, with the ROKU Weekly $36.50-34.50 Puts.
Extended Watchlist:
PLCE, GFI, CMLS, BOOT, SKLN