Darden Restaurants, Inc. DRI
On occasion, we’ll see an opportunity for a longer term move in a stock, and instead of signaling weekly options, we’ll select a later expiration date. This is what occurred with DRI, when we signaled the DRI 07/20 $100-115 Calls back on the 22nd of last month.
After roughly three weeks, DRI has done little else other than continue to climb, and it has provided some really great chances thus far in these contracts that are set to expire this Friday.
Here are the total gains that have been made possible by this idea to date:
$100 Calls – Range: 3.00-12.30 – Max Gain: 310%
$105 Calls – Range: .90-7.30 – Max Gain: 711%
$110 Calls – Range: .30-2.50 – Max Gain: 733%
$115 Calls – Range: .05-.55 – Max Gain: 1000%
Biocept, Inc. BIOC
We also want to track back to our tag of BIOC from Friday. The stock had been showing the beginnings of some bottom bounce activity earlier in the week, and our hunch that further gains were possible turned out to be correct.
BIOC traded in a daily range from 7.06 on up to a high of 12.15, which represented an intraday pop of 72% on Friday.
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