Tuesday’s Clean Options Sweep:
It was another beautiful day for our options trading prospects on Tuesday. We lofted four potential plays in our premarket report and every single one returned significant intraday movement and thus a chance to bag some quick profits on the session.
Out specific targets of interest were the LMT Weekly $495-500 Calls, the BAC Weekly $30-31 Calls, the GS Weekly $330-325 Puts, and the JNJ Weekly $165-167.50 Calls. With the exception of only two contract sets in the entirety of those ranges, which posted percentage swings in the 90’s, every other strike yield double-bag moves or better! Here are the ranges and total possible gains they produced:
LMT Weekly $495-500 Calls
$495: 6.50-13.60 (+109%)
$497.50: 4.60-11.30 (+146%)
$500: 3.70-10.06 (+172%)
_____
BAC Weekly $30-31 Calls
$30: .30-.78 (+160%)
$30.50: .14-.43 (+207%)
$31: .07-.20 (+186%)
_____
GS Weekly $330-325 Puts
$330: .91-1.79 (+97%)
$327.50: .52-1.06 (+104%)
$325: .30-.58 (+93%)
_____
JNJ Weekly $165-167.50 Calls
$165: .07-.35 (+400%)
$167.50: .02-.11 (+450%)
Fresh Option Ideas:
NFLX Weekly $327.50-322.50 Puts
ISRG Weekly $287.50-292.50 Calls
MS Weekly $87.50-86 Puts
SPY 04/19 $413-412 Puts
Extended Watchlist:
GETR, VRAX, CJJD, WAL, SECO, HCNWF, ABML, GMZP, MEEC