Tag: BERI

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

Looking to the SPY Amid Earnings Drought

Leaning on the SPY:

We started off the fresh trading week yesterday on fairly decent footing. We formulated a batch of three options ideas in yesterday morning’s premarket report, a couple of quick-strike plays and a longer-term idea. Both of the near-term targets looked pretty good for us on the day.

Those plays were the SPY 09/19 $385-383 Puts and the TTWO Weekly $119-121 Calls , with the latter producing larger gain opportunities by a fairly large margin as you can see here. We’re going to stick with the strategy of going bearish on the SPY once again today with a fresh target range that you can find below. We may find ourselves looking to the SPY more and more as the present earnings dry period persists.

SPY 09/19 $385-383 Puts
$385: .70-2.00 (+186%)
$384: .50-1.46 (+192%)
$383: .34-1.02 (+200%)
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TTWO Weekly $119-121 Calls
$119: 3.50-4.00 (+17%)
$120: 3.40-5.23 (+54%)
$121: 2.40-3.50 (+46%)

Fresh Options Ideas:
SPY 09/21 $386-385 Puts
APOG 10/21 $40-45 Calls
GIII 10/21 $15-17.50 Calls

Extended Watchlist:
VRAX, MGAM, RCOR, INSW, CYDVF, BERI, BRLL, GOCOF, ATMH