We’re heading into another patch of earnings releases, and we’re going to make our main focus today center around the formulation of some options ideas. We’ve got three chains targeted, two of which having just reported their quarterly earnings (CSX Corp. CSX and Morgan Stanley MS), and one with huge Form-4 buys coming this week in Walgreens Boots Alliance, Inc. WBA.
As we usually do for options ideas on the heels of an earnings report, we’ll go short term for CSX and MS, and for WBA, select some with an expiration a little further out.
CSX Weekly $65-67.50 Calls
MS Weekly $49-51.50
WBA 08/17 $67.50 & 70 Calls
CHRS, FWW, NXTD, STRAF, FNKO