CSX Corp. CSX – Update
On Wednesday morning following CSX’s solid quarterly earnings report, we selected the CSX Weekly $65-67.50 Calls for observation, and scored the opportunity at multi-bag gains that day, as we relayed in yesterday’s premarket report.
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What followed was a dip-and-rip out of CSX, and even more chances for double-bag to multibag gains for the second consecutive session. Here are the intraday profits that could have been achieved yesterday:
$65 Calls– Range: 1.91-4.50 – Max Gain: 136%
$65.50 Calls – Range: 1.84-3.85 – Max Gain: 109%
$66 Calls – Range: 1.25-3.40 – Max Gain: 172%
$66.50 Calls – Range: 1.07-2.93 – Max Gain: 174%
$67 Calls – Range: .42-2.25 – Max Gain: 436%
$67.50 Calls – Range: .27-2.04 – Max Gain: 656%
Ebay, Inc. EBAY – Options Recap
Speaking of single-day multibag gains, also included in yesterday’s report was a fresh idea for the EBAY options chain. We went bearish after the company disappointed on Q2 revs, signaling our interest in the EBAY Weekly $36-34.50 Puts and we were dead-on with that idea as well.
The following fantastic gains were on the table:
$36 Puts – Range: .71-2.08 – Max Gain: 193%
$35.50 Puts – Range: .42-1.46 – Max Gain: 248%
$35 Puts – Range: .20-1.10 – Max Gain: 450%
$34.50 Puts – Range: .09-.63 – Max Gain: 600%
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After having such great success with options this week, as we usually do, we’ll go ahead and finish things up with two more fresh earnings related ideas. Just make sure you’re not trading these calls unless you’re an expert trader with disposable funds!
Microsoft Corp. MSFT Weekly $107-108 Calls
Honeywell, Inc. HON Weekly $148-152.50 Calls
Extended Watchlist:
TLRY, SLS, CLF, VLRS, BBD