Target Corp. TGT
For a fresh set of options ideas yesterday morning, we had signaled the TGT Weekly $87.50-89 Calls for observation after the company recorded its best quarterly figures in a decade.
Despite posting a red candle on the day, the early activity in the stock was sufficient to provide our selected options contracts with the juice to make some respectable intraday rips.
$87.50 Calls – Range: .70-1.50 – Max Gain: 114%
$88 Calls – Range: .55-1.22 – Max Gain: 122%
$88.50 Calls – Range: .43-.95 – Max Gain: 121%
$89 Calls – Range: .14-.40 – Max Gain: 186%
We’ll continue to stick with big name earnings plays as long as they’re on the table. Earnings related options trading has become our bread and butter, and for good reason. As TGT proved yesterday, we don’t even need for these stocks to close in the green to give us what we’re looking for- all we need is the right early morning activity.
Today we’ve got a pair of fresh ideas that also just reported earnings. We’re going to be monitoring the Alibaba Group Holding Ltd. BABA Weekly $180-185 Calls, and the Williams-Sonoma, Inc. WSM 09/21 $67.50 & $70 Calls.
LX, SNPS, NEWA, SNPS, VLRX