Massive Movers on Thursday:
It was another good day of options trading opportunities on Thursday. Our premarket report contained three ideas, although, one of them was rendered moot by a typo that we didn’t notice until after publishing (KR $86 Calls, which should have read $68). We try to keep mistakes to a minimum, so we do apologize for that.
However, the two correct ideas we had on watch, the SPY 09/11 $653-654 Calls and the OXM 09/19 $45-50 Calls, really blasted off for some excellent multibag intraday runs. Here were those results:
SPY 09/11 $653-654 Calls
$653: 1.54-5.32 (+145%)
$654: .95-4.31 (+354%)
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OXM 09/19 $45-50 Calls
$45: 1.60-6.40 (+300%)
$50: .65-2.67 (+311%)
Fresh Options Ideas:
ADBE Weekly $355-360
RH Weekly $210-27.50 Puts*
SFD 09/19 $25 Calls
MAN 09/19 $40 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
COCP, PLRZ, VSTD, GCTK, MJID, UOKA, HCWB