BJ’s Wholesale Club Holdings Inc. BJ – Recap
As usual, we put out some fresh options ideas in yesterday mornings report, and despite a poor showing for the markets in general, we did see some instant success with our one-contract target in the BJ’s chain.
We had highlighted the BJ 06/19 $30 Calls for observation and the stock provided us with a great opportunity for huge gains with its own move from from 30.39 to 35.45 (+17%). The $30 Calls ran from 1.50-5.60, for an enormous intraday rip of 273%
We will also roll up to include the 06/19 $40 Calls on our watchlist heading into the long weekend, as the momentum from yesterday’s big move could certainly spill over.
Fresh Options Ideas*:
DE Weekly $145-148 Calls
PANW Weekly $235-245 Calls
BABA Weekly $205-207.50 Calls
*Please DO NOT attempt to trade options contracts with a weekly expiration on a Friday unless you are an advanced-level trader with access to disposable funds!