Reviewing Friday’s Winners:
We had another good week for options trading last week, and on Friday, in addition to continuing to track our existing ideas, we also formulated a fresh one to close things out. Here were the gains which were on the table during Friday’s session.
SPDR S&P500 (ETF) SPY Weekly $299-300 Calls
$299 Calls – Range: .67-1.75 – Max Gain: 161%
$299.50 Calls – Range: .34-1.20 – Max Gain: 252%
$300 Calls – Range: .13-.75 – Max Gain: 477%
Cigna Corp. CI Weekly $167.50-175 Calls
$172.50 Calls – Range: 1.26-4.30 – Max Gain: 241%
$175 Calls – Range: 3.70-6.55 – Max Gain: 77%
Tautachrome, Inc. TTCM
Thanks to one of our regular readers, Ryan, we caught sight of this play, and like the chances that it continues to provide opportunities after picking up huge momentum and volume on Friday. The volatility potential is high, and the stock closed in blue skies, after punching through and holding the .01-mark.
We used to cover the OTC Markets almost exclusively, and have since evolved to be more interested in big board options, but occasionally, when the time is right, we still are very willing to take a chance on the lower exchanges. TTCM represents the most interesting OTC momentum play we’ve seen in awhile, so we’ll be sure to keep an eye on it as we kick off this fresh trading week.
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