Successful Options Ideas
We formulated some quick-strike, post-earnings options ideas for Home Depot and Advanced Auto Parts in yesterday morning ‘s premarket report. Even with shaky market performance like we’ve seen this week, a good earnings play can go a long way, and we proved it yet again.
Both ideas we submitted produced instant results, with the HD contracts we signaled providing the biggest potential profit by far. Those gains were as follows:
Home Depot, Inc. HD Weekly $180 Calls
Range: .40-3.00 - Max Gain: 650%
AAP Weekly $170 & $175 Calls
$170′s Range: 9.89-14.83 - Max Gain: 50%
$175′s Range: 5.80-9.90 - Max Gain: 71%
More Fresh Options Ideas
We’ll keep the post-earnings options train rolling with another pair of ideas this morning. Especially during times of high market uncertainty, earnings related options plays are our go-to targets.
Canada Goose Holdings, Inc. GOOS Weekly $66-69 Calls
Macy’s Inc. M 12/07 $37 & 37.50 Calls
We’ll also signal some SPY calls that will be in play provided it holds above $270 upon the open. In that event, we’ll be looking at the SPY Weekly $272-274 Calls.
YGYI, DNR, SHIP, OHGI, PETQ, DSS, HMNY, LMFA, BPMC(Multi-Bottom)
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