Closing Out the Week on a High Note

Sweeping Success for Earnings-Related Options Ideas:

Focusing primarily upon big name companies that have just released their earnings reports for our daily options ideas is our standard mode of operation, and for good cause. It’s generally the most straightforward way to find plays with the kind of volatility needed for sizable single-session gain opportunities.

Add in the fact that the markets put forth another rip-roaring performance yesterday, and we were met with yet another clean sweep of our daily board, seeing gains in all four of our designated targets from yesterday’s premarket report.

We were tracking the DLTR Weekly $149-155 Calls, the DG Weekly $212.50-217.50 Calls, the BABA Weekly $84-86 Calls, and the SPLK Weekly $94-97 Calls. Here were the daily ranges and total possible intraday profits that they yielded:

DLTR Weekly $149-155 Calls
$149: 
10.02-13.79 (+38%)
$150: 7.00-13.55 (+94%)
$152.50: 5.46-10.60 (+94%)
$155: 4.30-8.32 (+93%)
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DG Weekly $212.50-217.50 Calls
$212.50: 6.32-10.96 (+73%)
$215: 4.50-9.10 (+102%)
$217.50: 2.98-7.15 (+140%)
_____

BABA Weekly $84-86 Calls
$84:
 2.77-12.28 (+343%)
$85: 3.20-10.50 (+228%)
$86: 2.50-9.00 (+260%)
_____

SPLK Weekly $94-97 Calls  
$94: 6.08-8.20 (+35%)
$95: 4.61-7.20 (+56%)
$96: 4.77-6.30 (+32%)
$97: 3.44-4.82 (+40%)


Fresh Options Ideas*:
PDD Weekly $44.50-46 Calls
ZS Weekly $148-152.50 Calls
MRVL Weekly $58-60 Calls
DELL 06/17 $50-52.50 Calls
SPY 05/27 $406-408 Calls

*All of today’s selections expire at the close. Trading options on their day of expiration carries a higher risk level and should only be attempted by seasoned options traders.


Extended Watchlist:
SYSX, RLFTF, ADHC, RBVTF, OZSC, TLSS, CPWR, ABDL, SIGA,