SMART Global Holdings Inc. SGH – Options Recap
One of our fresh options trading ideas from yesterday morning’s premarket report was in the SGH chain. It was one of very few earnings reporters on the day, and we seized upon the opportunity in signaling the SGH 07/16 $50-55 Calls for observation.
The stock broke out and traded in a daily range from 51.05 to 58.39, which provided our designated plays with plenty of intraday impetus to provide us with the following single-session profit chances:
SGH 07/16 $50-55 Calls
$50: 1.45-9.70 (+569%)
$55: .45-4.00 (+789%)
We’re certainly going to want to continue to track these targets into next week with the stock still trading well below the consensus PPS target of $69.
Fresh Options Ideas:
We’re still trudging our way through one of the most pronounced earnings dry spells in recent memory, with only one reporter catching our eye this morning, the WD-40 Co. We’ll watchlist the WDFC 07/16 $250-270 Calls.
The end of next week will mark the end of the drought, with hundreds of reporters slated for the week of the 19th.
Extended Watchlist:
CARV, ARPO, UONE, TESS, GMER, VIZC, PRPM, APYP, NEOM, AHFD, BDGR, ICOA, APTY