SPDR S&P500 ETF (SPY)
On Friday morning, we set out to take advantage of the bullish premarket sentiment by tracking a set of options in the SPY chain, as we are well-accustomed to doing.
Our targets were the Weekly $287-288 Calls and with the help of a solid run for the markets at large, our ideas bore fruit. All three, in fact, produced highly respectable chances for intraday profits.
$287 Calls – Range: .92-1.70 – Max Gain: 85%
$287.50 Calls – Range: .62-1.18 – Max Gain: 90%
$288 Calls – Range: .29-.80 – Max Gain: 176%
Centene Corp. CNC
Toward the end of last month, we produced an idea for the CNC 09/20 $50 & $55 Calls, and we also wanted to update our readers on the progress of those contracts since that time.
The $50 Calls have thus far risen from 1.80-8.53, an increase of 374% The $55 Calls obliterated those figures, with a massive run from .31-6.08, for total possible gains of 1,861%
GNFT, TCON, THCT,