SPDR S&P 500 ETF (SPY)
Fresh for yesterday’s premarket report was an idea we formulated for the SPY after it appeared we were headed for another bullish session, the SPY Weekly $270-272 Calls. When the markets behaved as we suspected they would, that provided us with some really great chances for single-session profits in our target contracts.
The gains were strong across the board, with the following excellent moves being made on the day:
$270 Calls – Range: .85-3.44 – Max Gain: 304%
$270.50 Calls – Range: .70-2.98 – Max Gain: 326%
$271 Calls – Range: .52-2.59 – Max Gain: 398%
$271.50 Calls – Range: .39-2.14 – Max Gain: 449%
$272 Calls – Range: .30-1.78 – Max Gain: 493%
Today, if the bonanza continues, we’ll look to roll up our strike prices to the 272.50-274 Calls today.
Under Armour, Inc. UAA – Final Update
This is the fourth day this week we’ve been tracking our UAA calls that we submitted in our premarket report on Tuesday, the UAA Weekly $15.50-16.50 Calls. We wanted to circle back around one last time to provide an update on the ranges we observed this week.
The lows listed represent those from Tuesday, and the highs were all registered yesterday, so the percentage figures given represent a three day overall upswing:
$15.50 Calls – Range: .60-2.85 – Max Gain: 375%
$16 Calls – Range: .34-2.38 – Max Gain: 600%
$16.50 Calls – Range: .16-2.00 – Max Gain: 1150%
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Fresh Options Ideas
Deere & Co. DE Weekly $167.50 Calls*
The Coca-Cola Co. KO Weekly $45* & 02/23 $46 Calls
*Please do not attempt to trade weekly options on a Friday unless you are an expert level trader with disposable funds.
Extended Watchlist:
NVAX, NSPR, MULE, SDRL, WEN, BPMX, AXL, HK(Form-4 Buy)