OPTIONS REVIEW
We were banking on a market reversal yesterday in tandem with good performances from a couple earnings plays that we formulated some options ideas for, and got everything we wanted.
Both of the plays were in the tech sector, which turned out to see some of the highest incidences of recovery, and it facilitated some very nice gain opportunities for anyone who was paying attention to our ideas.
Despite the appearance of yet another reversal and possibly another down day, we are quite pleased with the double-bag, single-session gains afforded to us by these two tech stocks.
TSLA Weekly $310-317.50 Calls
$275 Calls – Range: 3.73-8.81 – Max Gain: 136%
$275.50 Calls – Range: 3.10-7.35 – Max Gain: 137%
$276 Calls – Range: 2.41-6.21 – Max Gain: 158%
$276.50 Calls – Range: 2.05-5.04 – Max Gain: 146%
_____
MSFT Weekly $104-107 Calls
$275 Calls – Range: 2.10-5.40 – Max Gain: 157%
$276 Calls – Range: 2.12-4.45 – Max Gain: 110%
$276 Calls – Range: 1.58-3.58 – Max Gain: 127%
$277 Calls – Range: 1.10-2.75 – Max Gain: 150%
_____
We also had a fresh idea on Wednesday morning with The Boeing Co. BA Weekly $357.50-367.50 Calls and the surge in the markets yesterday also allowed those contracts to get legs and make some very respectable moves:
$275 Calls – Range: 4.00-7.70 – Max Gain: 93%
$275.50 Calls – Range: 2.60-6.00 – Max Gain: 131%
$276 Calls – Range: 1.85-4.32 – Max Gain: 134%
$276.50 Calls – Range: 1.15-2.90 – Max Gain: 152%
$277 Calls – Range: .77-1.85 – Max Gain: 140%
_____
Fresh Ideas:
INTC Weekly $44-45.50 Calls*
*NEVER trade weekly options on a Friday unless you’re an expert level trader with disposable funds!
Extended Watchlist:
OHGI, NSPR, ATNM, NAUH, GT, PLG, LOGM, TRVN