We had good fortune with yesterday’s options calls (see WGO below), and with a trio of big name earnings reports out either yesterday post-market or this morning, we figured we’d triple-down on some more fresh options ideas!
The Kroger Co. KR Weekly $28-29.50 Calls
Darden Restaurants Inc. DRI 07/20 $100-115 Calls
Micron Technology, Inc. MU Weekly $61-62.50 Calls
Winnebago Industries, Inc. WGO – Options Recap
We took notice of Winnebago’s impressive earnings beat yesterday morning and promptly formulated a range of options ideas to try to take advantage of the situation.
We’ll selected the WGO Weekly $43-46 Calls to put on watch, and each of the four contracts in that range turned out to be a solid intraday mover. The following are the total possible gains which could have been banked off of these ideas on the day:
$53 Calls – Range: 2.29-4.30 – Max Gain: 88%
$54 Calls – Range: 2.00-3.60 – Max Gain: 80%
$55 Calls – Range: 1.50-3.00 – Max Gain: 100%
$60 Calls – Range: 1.18-2.40 – Max Gain: 103%
CRMD, RIOT, ARQL, TEO, WEB, YTEN, SAGD