Closing Out the Week on a High Note:
We’re pleased to be wrapping up this week’s options recaps with a review of another flawless slate from yesterday morning’s premarket report. We’re finally heading into another big name earnings season, so things are going to be getting busy and exciting around here once again.
Yesterday’s most interesting earnings droppers were Pepsi and Delta, and with the help of a bullish session for the markets in general, our targets, the DAL Weekly $49-50 Calls and the PEP Weekly $185-187.50 Calls, saw the following huge intraday runs:
DAL Weekly $49-50 Calls
$49: .08-.28 (+250%)
$49.50: .04-.16 (+300%)
$50: .03-.10 (+233%)
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PEP Weekly $185-187.50 Calls
$185: .46-3.05 (+563%)
$187.50: .12-.90 (+650%)
Fresh Options Ideas:
MSFT Weekly $342.50-347.50 Calls*
UNH Weekly $460-465 Calls*
WFC Weekly $44.50-45.50 Calls*
C Weekly $48-49 Calls*
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
NKLA, ARBB, PRFX, AIMD, FREQ, EDTX, LUNR, EFSH, DRUG, ETHC, BGLC, DMGGF, MRES