PetMed Express, Inc. PETS – Update
Our fresh options idea of the day yesterday morning involved the PETS chain in the wake of the company’s huge Q2 earnings beat, which precipitated the stock’s largest single session gain in 17 years.
We zeroed in on the PETS 11/15 $20-25 Calls, and the potential intraday profits on the table were nothing to sneeze at, with all three sets making multi-bag rips.
$20 Calls – Range: 2.60-6.80 – Max Gain: 162%
$22.50 Calls – Range: 1.00-4.40 – Max Gain: 340%
$25 Calls – Range: .40-2.40 – Max Gain: 500%
Fresh Options Ideas – We’ve also got a couple of new ideas to track off of this morning’s earnings calendar:
The Procter & Gamble Co. PG Weekly $123-125 Calls
Harley-Davidson, Inc. HOG Weekly $38.50-40 Calls
CBNT, TROV, BMY, LODE, IIPR, CISN, HRTX, OBLN, APDN