Recapping Monday’s Movers, New Targets

Monday’s Options Recaps:

We were faced with rather slim pickings yesterday with regard to the type of big name, large-cap earnings reporters we typically like to take advantage of, but we didn’t let that stop us from picking a couple winners to kick off the trading week. Whenever we get hit with a dry spell for earnings, we always manage to find decent plays in their stead.

Yesterday’s premarket report focused on the EDR 04/21 $22.50-25 Calls, and the SAIC 04/21 $105-110 Calls, and the intraday results we witnessed were rather good. Here’s the breakdown of their daily activity and the total percentage gains that were on the table:

EDR 04/21 $22.50-25 Calls
$22.50:
 .60-.96 (+60%)
$25: .10-.20 (+100%)
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SAIC 04/21 $105-110 Calls
$105
 3.23-6.63 (+105%)
$110: 1.20-2.90 (+142%)


Fresh Options Ideas:
TSE 04/21 $22.50 Calls
GLPG 04/21 $40 Calls
DOMO 04/21 $15 Calls


Extended Watchlist:
BFRG, BFLY, SECO, CDLX, HCNWF, CNBX, AMIH, WNDF, MONI

GM, GIS Options Recaps & More

Options Updates:

We continue plugging away at attempting to find options plays despite having so few earnings reports to rely on as fuel, and yesterday our big name target was GM. Were were observing the GM Weekly $58-59 Calls with the stock in the midst of a pretty impressive run that has generally persisted for roughly the past month.

The stock ran pretty good out of the starting gate yesterday, and that activity allowed for some decent gain opportunities in the pair of contract sets that we were tracking. Here were the intraday runs they recorded:

GM Weekly $58-59 Calls
$58: .94-1.72 (+83%)
$59: .55-1.10 (+100%)
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For an additional update, we’ve been tracking the GIS 10/15 $55-50 Calls since the morning of September 22nd, and we wanted to swing back around to report on the new highs we witnessed in those plays. Here are the ranges and total possible gains that were registered there in recent sessions:

GIS 10/15 $55-60 Calls
$55: 3.80-6.95 (+83%)
$57.50: 1.70-4.50 (+165%)
$60: .60-2.15 (+258%)


Fresh Options Ideas:
FAST Weekly $50-52.50 Calls


Extended Watchlist:
AHFD, GRLT, CYAP, FTXP, LEAS, GMEV, SEGI, BNOW, NTRB, OCGN, RRD, GWH, CDLX