Closing Out Another Great Week of Options Trading
Despite a momentary lull in the volume of earnings reporters earlier in the week, we managed to find several winning options ideas.
This morning, in addition to even more fresh ideas, we’ll recap the new highs in our CHWY calls, as well as the huge single session performance by LL, which we signaled in yesterday’s report. Those approached and exceeded the 1000% gain range on the day.
CHWY Weekly $25.50-26 Calls
$25.50 Calls – Range: 1.05-3.10 – Max Gain: 195%
$26 Calls – Range: .80-2.52 – Max Gain: 215%
LL Weekly $9.50-10 Calls
$9.50 Calls – Range: .15-1.40 – Max Gain: 833%
$10 Calls – Range: .10-1.15 – Max Gain: 1050%
$10.50 Calls – Range: .05-.65 – Max Gain: 1200%
Fresh Ideas to Close Out the Week
SPY Weekly $317.50-318.50 Calls*
ADBE Weekly $310-315 Calls*
SRPT Weekly $132-134 Calls*
*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!
LMP Automotive Holdings, Inc. LMPX – Recap
We also wanted to make mention of the solid intraday move by recently IPO’d LMPX, which we included in yesterday’s extended watchlist.
The stock ran from a low of 16.23, and hit 22.95. That worked out to an upswing of 41% and registered as the NASDAQ’s second biggest gainer of the day.
ROYT, CREG, ACHV, LODE, WVE, SLDB, FPAY