Another Clean Sheet on Thursday:
Things went very well for us for the fourth straight day of the week yesterday, with our premarket report for Thursday’s session going nicely to plan. We had signaled a batch of four potential plays for the session, and saw pretty good intraday activity out of all of them. Things have been a little dry on the earnings front, but we’ve still managed to get along quite nicely.
Our designated targets for the day were the ADBE Weekly $590-600 Calls, the JBL Weekly $120 Calls, the MTDR 01/19 $55-60 Calls, and the SPY 12/14 $472-473 Calls. The intraday moves they posted were as follows:
ADBE Weekly $590-600 Calls
$590: 1.60-3.54 (+121%)
$595: 2.40-5.70 (+137%)
$597.50: 2.00-4.70 (+135%)
$600: 1.62-4.00 (+147%)
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JBL Weekly $120 Calls
$120: 6.28-16.77 (+167%)
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MTDR 01/19 $55-60 Calls
$55: 3.40-4.10 (+21%)
$57.50: 2.05-2.60 (+27%)
$60: 1.10-1.55 (+41%)
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SPY 12/14 $472-473 Calls
$472: .62-1.52 (+145%)
$473: .30-.80 (+167%)
Fresh Options Ideas:
COST Weekly $640-645 Calls*
DRI Weekly $165-160 Puts*
SCHL Weekly $35 Puts*
*Only experienced traders should attempt to trade options contracts on their day of expiration
Extended Watchlist:
NIR, GETR, NCPL, HLP. HSCS, BRSH, SONX, IFUS, MGTI, SHMP