Solid Options Sweep:
We posted another clean sweep on options ideas in yesterday’s premarket report, offering up a pair of fresh ideas, and knocking them both out of the park with multi-bag gain opportunities on the day!
We were specifically targeting the DRI 10/15 $155-160 Calls and the ACN Weekly $337.50-342.50 Calls, on the heels of the companies’ earnings reports. Despite being in a relative down-period for earnings reporters, we have been able to work with what we’ve got.
Here are the total possible intraday gains that were on the table for those ideas yesterday:
DRI 10/15 $155-160 Calls
$155: 5.00-10.22 (+104%)
$160: 1.85-6.70 (+262%)
ACN Weekly $337.50-342.50 Calls
$337.50: 2.63-7.30 (+178%)
$340: 1.40-5.40 (+286%)
$342.50: .90-3.00 (+233%)
Eargo, Inc. EAR – Bottom Watch:
We’re also looking at a possible long term recovery play in EAR, which got severely beaten up yesterday with a major gap-down. It may end up being a decent bottom play for the stock itself but we’re going to signal a longer-term options idea to track as well, in the EAR 11/19 $7.50-10 Calls.
Fresh Options Ideas:
NKE Weekly $155-152.50 Puts*
COST Weekly $452.50-457.50 Calls*
SKX Weekly $48-46 Puts*
*Do not attempt to trade options contracts on their day of expiration unless you are an advanced level trader with access to disposable funds
ILUS, FERN, NSAV, CFGX, BANT, INTV, NOUV, PRMO, NBRI, ZIVO, CAPR, VTVT, UFAB