SPDR S&P 500 ETF Trust (SPY) Update
We are continuing to track the SPY options we signaled on Monday morning, which brought solid gains, as we reported yesterday. Our targets, the SPY Weekly $319-320 Calls registered 93% and 110% moves, respectively.
Yesterday, they underwent a dip-and-rip, creating another opportunity for those who may have missed the first. Here are the daily ranges on our tracked contracts, which should also be setting new highs once again today, if the premarket activity we’re seeing is any indicator:
SPY Weekly $319-320 Calls
$319: 1.08-3.23 (+199%)
$320: .75-2.68 (+257%)
We’re just getting through a period of extremely thin options reporting, but we have finally reached the point where it will all begin to turn around. We have just a couple interesting reporters today, but starting tomorrow we should have plenty more targets to choose from. Several big names are slated to drop earnings over the next week.
GS Weekly $217.50-222.50 Calls
INFY Weekly $11-12 Calls
PAOG, MEDH, CORG, ENZC, NXTC, DMAN, QSEP, YAYO