Success Times SIX, Fresh Ideas to End the Short Week

Perfect Way to End the Short Week:  

It was a big day for options yesterday, with a huge slate of earnings reporters leading us to formulate a larger-than-usual field of potentials. We offered up SIX fresh trading possibilities in our premarket report, and all six turned in some really nice intraday performances. We went mostly bearish on the day, with just one set of calls to five sets of puts. The results were very pleasing, and it’s a heck of a great way to close out a short trading week!

Our 6-pack of targets for Thursday were the SPY 09/07 $445-443 Puts, the CHPT Weekly $7-6 Puts, the AEO Weekly $17.50-16.50 Puts, the AI Weekly $28.50-27.50 Puts, the GIII 09/15 $20-22.50 Calls and the SAIC 09/15 $115-105 Puts. The excellent chances they afforded traders on the session were as follows:

SPY 09/07 $445-443 Puts
$445:
.32-1.04 (+225%)
$444: .10-.41 (+310%)
$443: .03-.12 (+300%)
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CHPT Weekly $7-6 Puts
$7:
.90-2.01 (+123%)
$6.50: .57-1.52 (+167%)
$6: .22-1.03 (+368%)
_____

AEO Weekly $17.50-16.50 Puts
$17.50: .30-.89 (+197%)
$17: .10-.44 (+340%)
$16.50: .02-.20 (+900%)
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AI Weekly $28.50-27.50 Puts
$28.50: 1.27-3.00 (+136%)
$28: .61-1.55 (+154%)
$27.50: .41-1.14 (+178%)
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GIII 09/15 $20-22.50 Calls
$20: 1.30-3.12 (+140%)
$22.50: .42-1.85 (+340%)
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SAIC 09/15 $115-105 Puts
$115:
1.90-4.50 (+137%)
$110: .53-1.70 (+221%)
$105: .10-.41 (+310%)


Fresh Options Ideas:
DOCU Weekly $52-54 Calls
RH Weekly $347.50-340 Puts
SMAR 09/15 $40-45 Calls
SWBI 09/15 $10-12.50 Calls


Extended Watchlist:
BIOC, AGBA, ZVSA, IMPL, EZGO, ELUT, AAWH, RTSL, YCRM

Four-Pack of Fresh Options Ideas

Options Recaps:

We are going to cap off this trading week by going over some of the new highs and ranges on options plays we’ve been tracking, starting with the ideas we signaled for observation in yesterday morning’s premarket report. We’ll also go over an idea from last week that came back around for another solid run.

Yesterday’s movers were the STZ Weekly $240-237.50 Puts, and the PTON 11/04 $8.50-9.00 Calls. We called the KMX 10/21 $75-70 Puts last Thursday morning, and they geared up for another nice move this week. Here are the numbers we were working with on these ideas through yesterday’s session:

STZ Weekly $240-237.50 Puts
$240:
 5.80-12.60 (+117%)
$237.50: 4.99-9.40 (+88%)
_____

PTON 11/04 $8.50-9.00 Calls
$8.50: 1.12-1.32 (+18%)
$9.00: .91-1.42 (+56%)
_____

KMX 10/21 $75-70 Puts
$75:
5.90-9.80 (+66%)
$72.50: 5.20-7.30 (+40%)
$70: 2.75-5.99 (+118%)


Fresh Options Ideas:
SPY 10/07 $372-369 Puts
LEVI 10/21 $16-15 Puts
AXON 11/18 $120-125 Calls
ED 11/18 $82.50-85 Calls


Extended Watchlist:
BOMO, MJNA, BERI, AAWH, PLPL, TSOI, PHIL, MRMD, LUCY, HEXO, AKAN, AMBC