KLA Corp. KLAC – Recap:
We signaled a range a options plays for Friday’s session in our premarket report, and while they all saw positive moves, KLAC was the clear standout, which sustained its gains over a much longer period.
We were tracking the KLAC Weekly $330-340 Calls and following the company’s earnings beat, the stock was propelled from a low of 335.56-348.16 on the day, and that facilitated some elite single-session gain opportunities for us and our readers. This comes just weeks after it was reported that hedge fund interest in the company was on the rise.
Here were the big time daily moves posted by our designated targets in the KLAC options chain on Friday:
KLAC Weekly $330-340 Calls
$330: 6.00-22.90 (+282%)
$332.50: 13.97-22.00 (+57%)
$335: 4.20-17.40 (+314%)
$337.50: 1.95-16.85 (+764%)
$340: 2.40-14.00 (+483%)
Fresh Options Ideas:
SPY 08/02 $439-441 Calls*
ON Weekly $41.50-43 Calls
*Please note that these calls expire at the end of the day today, and only advanced level traders should attempt to trade options on the day of their expiration.
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