Jack in the Box, Inc. JACK – Update
As a fresh options trading idea on Friday morning, we submitted the Jack 07/20 $80-90 Calls for observation after noticing the company’s solid earnings report and premarket gap-up. Although we passed over the weeklies for the July 20th calls for a bit more of an extended idea, it took no time at all for those contracts to see significant appreciation.
We’re pleased to say that each of the three selected targets produced respectable single-session moves, and will remain on our radar moving forward. Those potential gains were as follows: ,
$80 Calls – Range: 3.70-5.78 – Max Gain: 56%
$85 Calls – Range: 1.42-2.58 – Max Gain: 82%
$90 Calls – Range: .50-.80 – Max Gain: 60%
aTyr Pharma, Inc. LIFE
We noticed that LIFE woke from a slumber late last week, and began to trend off of its annual lows. We’re going to put it on the radar as a potential recovery play. As you can see, the stock was ridiculously oversold heading into last week, following a massive beating from roughly a month ago.
We believe there is a fair chance that the stock could return to the levels from prior to that backslide, which would spell significant gains from the current PPS.
AQMS, SRE, SNES, CODX, GNW, BIOC, TEUM, PTC