Thursday’s Trio of Winners:
We got things back on track in terms of options trading ideas yesterday morning. We included a trio of potential plays, and were happy to see a lot of good activity, with winners across the board. It’s a good way to head into the end of the week as we attempt to do it one more time this morning. Another earnings season has come and gone, but as usual we will do our best to generate plenty of ideas based on other factors until we’re back in the thick of things in a few weeks’ time.
Yesterday’s targets were the SMTC Weekly $22-23 Calls, the SPY 09/14 $447-448 Calls, and the BABA Weekly $87-89 Calls, and they produced the following caliber of intraday moves and total potential profits for traders:
SMTC Weekly $22-23 Calls
$22: 1.55-3.00 (+94%)
$23: .75-2.15 (+187%)
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SPY 09/14 $447-448 Calls
$447: 1.23-4.20 (+241%)
$448: .66-3.06 (+364%)
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BABA Weekly $87-89 Calls
$87: 1.07-1.76 (+95%)
$88: .60-1.06 (+77%)
$89: .32-.59 (+84%)
Fresh Options Ideas*:
DASH Weekly $82-81 Puts
ADBE Weekly $537.50-530 Puts
MITK Weekly $12.50 Calls
LEN Weekly $117-115 Puts
BIO Weekly $370 Calls
*All of today’s targets expire at the close. Do not attempt to trade options on their day of expiration unless you are an experienced options trader!
Extended Watchlist:
CNXA, AGRI, LIFW, CNXA, ULH, AWIN, DSHK, ZNOG