Load of Fresh Options Plays & More

DICK’S Sporting Goods, Inc. DKS – Recap

Our only options idea based off of earnings reports yesterday morning was in the DKS chain. We noted the lackluster response to the company’s Q4 beat on earnings and revs, and went to the bearish side of the fence.

Our specific targets were the DKS Weekly $71-69.50 Puts and those contracts logged considerable gains, with the exception of the $70.50’s whose intraday increase was nominal.

Here are the exact trading ranges and total possible profits on those targeted DKS options plays: 

DKS Weekly $71-69.50 Puts
$71: .90-1.60 (+78%)
$70.50: 1.05-1.25 (+19%)
$70: .40-1.50 (+275%)
$69.50: .61-1.20 (+155%)

Fresh Options Ideas:

We’ve got a decent selection of options plays to watch as we cruise through this midweek. With nothing really piquing our interest from this morning’s earnings calendar, here are a few potential plays based off of attractive chart setups.

XL 05/21 $12.50-15 Calls
PLUG 04/01 $45-48 Calls 

EXPI 03/19 $50-52.50 Calls

Bonus Idea:
SPY 03/10 $388-389 Calls **Expiry at today’s close**

Extended Watchlist: