Big Shipping Options Review
Yesterday morning, we were feeling confident in a bearish session leading into the Fed meeting. Despite a last-hour rebound following the rate lowering, most of the day provided us with plenty of backsliding action that led to some very respectable single-session gains for our picks.
We had bearish ideas set up for both of the main players in the parcel shipping game, In each instance, we observed solid moves for every single one of our targeted contracts:
FDX Weekly $157.50-155 Puts
$165 Calls – Range: 4.30-9.20 – Max Gain: 114%
$167.50 Puts – Range: 3.00-7.00 – Max Gain: 133%
UPS Weekly $120-119 Puts
$120 Puts – Range: .67-1.37 – Max Gain: 104%
$119 Puts – Range: .44-.89 – Max Gain: 102%
Eros International Plc. EROS
We mentioned EROS most recently on August 21st, and shortly following that alert, the stock was trading for as little as 1.20. This morning we have observed a new high of 3.42 in the premarket in the wake of an announced partnership with Microsoft.
That’s a total increase of 185% in roughly seven weeks’ time. We’ll be interested to continue monitoring the activity from this point on.
DOUGLAS, Isle of Man–(BUSINESS WIRE)– Eros Now, a South Asian entertainment OTT (over-the-top) video platform by Eros International Plc, a Global Indian Entertainment Company, the ultimate one-stop destination for the internet generation to consume captivating content, today announced a collaboration with Microsoft to build a next generation online video platform on Microsoft Azure targeted at its consumers across the globe. (>>View PR)
Extended Watchlist:
NSPR, NTRP, PHUN, OBLN, SCYX, CGIX, MLHR