We went in on two sets of earnings-related options plays yesterday, and we are happy to report that each and every contract with both designated ranges provided ourselves and our readers with some fantastic single session gain opportunities.
Chipotle Mexican Grill Inc. CMG – For Chipotle, despite the fact that people appeared to be discounting the company’s earnings report, it posted solid numbers and sent our targeted contracts flying. We had slated the CMG Weekly $380-385 Calls and were met with the following multi-bag chances:
$380 Calls – Range: 10.00-45.22 – Max Gain: 352%
$382.50 Calls – Range: 8.45-39.75 – Max Gain: 370%
$385 Calls – Range: 4.90-38.80 – Max Gain: 692%
Facebook, Inc. FB – For Facebook, we had also mentioned the FB Weekly $165-172.50 Calls and those produced some very nice moves as well:
$165 Calls – Range: 6.21-11.23 – Max Gain: 81%
$167.50 Calls – Range: 4.19-8.77 – Max Gain: 109%
$170 Calls – Range: 2.36-6.41 – Max Gain: 172%
$172.50 Calls – Range: 1.20-4.21 – Max Gain: 251%
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More Fresh Options Ideas:
We’re going to close out this very fruitful trading week today with a trio of fresh options ideas, but please be advised, trading weekly options on a Friday should never be attempted unless you are a veteran trader with disposable funds.
Amazon, Inc. AMZN Weekly $1640-1650 Calls
Expedia Group, Inc. EXPE Weekly $117-119 Calls
Baidu, Inc. BIDU Weekly $250-255 Calls
Extended Watchlist:
CNHI, ICHR, UAVS, AGMH, INTC, TQQQ