Solid Options Sweep:
We posted another clean sweep on options ideas in yesterday’s premarket report, offering up a pair of fresh ideas, and knocking them both out of the park with multi-bag gain opportunities on the day!
We were specifically targeting the DRI 10/15 $155-160 Calls and the ACN Weekly $337.50-342.50 Calls, on the heels of the companies’ earnings reports. Despite being in a relative down-period for earnings reporters, we have been able to work with what we’ve got.
Here are the total possible intraday gains that were on the table for those ideas yesterday:
DRI 10/15 $155-160 Calls
$155: 5.00-10.22 (+104%)
$160: 1.85-6.70 (+262%)
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ACN Weekly $337.50-342.50 Calls
$337.50: 2.63-7.30 (+178%)
$340: 1.40-5.40 (+286%)
$342.50: .90-3.00 (+233%)
Eargo, Inc. EAR – Bottom Watch:
We’re also looking at a possible long term recovery play in EAR, which got severely beaten up yesterday with a major gap-down. It may end up being a decent bottom play for the stock itself but we’re going to signal a longer-term options idea to track as well, in the EAR 11/19 $7.50-10 Calls.
Fresh Options Ideas:
NKE Weekly $155-152.50 Puts*
COST Weekly $452.50-457.50 Calls*
SKX Weekly $48-46 Puts*
*Do not attempt to trade options contracts on their day of expiration unless you are an advanced level trader with access to disposable funds
Extended Watchlist:
ILUS, FERN, NSAV, CFGX, BANT, INTV, NOUV, PRMO, NBRI, ZIVO, CAPR, VTVT, UFAB