KMX, SPY Options Recaps:
We had even more continued success with our options ideas as we reached the halfway point of this 4-day trading week yesterday, including the third successful flip on our attitudes toward the SPY, which has been very kind to us this week. The day ended with some nice results from the two sets of plays we designated for observation.
We were looking at the KMX Weekly $105-97.50 Puts, which put up some really nice figures, and the SPY 04/12 $441-444 Calls, which ran out of the gate and posted some more modest yet still very respectable gains early in the session.
The trading ranges and total potential profits that could have been banked off of those ideas were as follows:
KMX Weekly $105-97.50 Puts
$105: 4.50-11.76 (+161%)
$100: 1.65-6.80 (+312%)
$97.50: .87-4.48 (+416%)
_____
SPY 04/12 $441-444 Calls
$441: 3.40-5.61 (+65%)
$442: 2.82-4.89 (+73%)
$443: 2.27-4.15 (+83%)
$444: 1.80-3.46 (+92%)
Fresh Options Ideas:
JPM Weekly $129-127 Puts
BBBY Weekly $17.50-16 Puts
DAL Weekly $39.50-41 Calls
Extended Watchlist:
KLDO, AGRX, STAB, ATRS, VIZC, ARTL, APLD, TLSS, PUGI,