On the heels of the company’s solid quarterly report including adding over eight million new subscribers, we selected the NFLX Weekly $247.50-255 Calls as as our options trading targets, even as the stock had already pressed to a new all-time high, and there were high premiums baked into the options prices.
Our bullish hunch turned out to be absolutely correct, with the stock surging out of the gate and ultimately reaching a high of 257.71. A secondary move was there
That move facilitated some very nice intraday opportunities in our designated contracts:
$247.50 Calls – Range: 4.87-8.02 – Max Gain: 65%
$250 Calls – Range: 3.66-6.40 – Max Gain: 76%
$252.50 Calls – Range: 2.68-5.03 – Max Gain: 88%
$255 Calls – Range: 1.90-3.80 – Max Gain: 100%
Fresh Options Ideas
Continuing along the theme of using big name earnings beats as leverage to make quick-strike options trades, we’ve got a a fresh pair this morning. Ford and GE are both coming off of being oversold, compounding the chance for solid runs off of their bottoms.
We’re going to radar some contracts in each chain to try to take advantage of the situation:
Ford Motor Co. F – Feb 2nd $12 & 12.50 Calls
General Electric Co. GE – Weekly $17-18 Calls
Extended Watchlist:
OHGI, MSCC, OBLN, CRIS, PBR, TEL, STML, NXTD