SPDR S&P500 (ETF) SPY
As we close out another solid week of stock and options trading, we just wanted to provide one final update on the SPY Calls we made earlier in the week. The markets dipped in the first half of the session yesterday, but recovered throughout the rest of the day.
Our idea from our premarket report on Wednesday morning of the SPY Weekly $296-297 Calls all produced double-bag intraday opportunities, and the two sets that we rolled up to include on our watchlist, the $297.50 and $298 Calls, kicked in multi-bag performances of their own.
$296 Calls – Range: .99-2.16 – Max Gain: 118%
$296.50 Calls – Range: .74-1.76 – Max Gain: 138%
$297 Calls – Range: .55-1.39 – Max Gain: 153%
$297.50 Calls – Range: .40-1.05 – Max Gain: 163%
$298 Calls – Range: .27-.77 – Max Gain: 185%
Just as there was yesterday, there may be another dip and rip chance for opportunistic traders to seize upon, so we’ll leave these plays on our radar as we finish out the week.
IGNG, PRPO, OSTK, TBLT, DSLV, XBIO, ZIOP, TMDI, PSTV, LVS, AMRH, NTLA, EKSO
We formulated two options ideas for yesterday morning’s premarket report, and with the help of a gap-and-go session for the overall markets, we saw appreciable gains in each and every contract we had designated for observation.
SPDR S&P500 (ETF) SPY -The SPY is always our go-to when we have a gut feeling about market sentiments, and the number of times we’ve found success with trading its options is practically uncountable at this point. Yesterday’s idea was no exception.
Our targets, the SPY Weekly 292-293.50 Calls performed admirably, providing ourselves and our readers with the following profit chances:
$292 Calls – Range: .91-2.04 – Max Gain: 124%
$292.50 Calls – Range: .60-1.53 – Max Gain: 155%
$293 Calls – Range: .33-1.07 – Max Gain: 224%
$293.50 Calls – Range: .14-.61 – Max Gain: 336%
PVH Corp. PVH
Following a large Form-4 buy on the part of the CEO, we were interested in a longer-term play on PVH, highlighting the PVH 09/20 $75-85 Calls and those were able to get some traction on our first day of observation.
With an expiration still two weeks away, we’ll have plenty of time to realize any further gains, but the first day performance is certainly worthy of mentioning.
$75 Calls – Range: 5.10-7.02 – Max Gain: 38%
$80 Calls – Range: 2.00-3.40 – Max Gain: 70%
$85 Calls – Range: .55-1.25 – Max Gain: 127%
Fresh Options Idea:
PANW Weekly $215-222.50 Calls
DSLV, LAIX, CDTX, SINT, INMD, ELTK, PHUN, ZUMZ, CEI
Spot-On Options Review
Our success with identifying potentially lucrative short-term options trading ideas continues to persist as we close out yet another amazing week of gain opportunities for ourselves and our followers. Please, if you’re not signed up for our newsletter, CLICK HERE and get subscribed today. Our options acumen regarding quick-strike, high volatility plays is second to none.
Case in point, we formulated a trio of fresh ideas for yesterday morning’s premarket report, and all three produced enormous intraday multi-bag moves. Here were the total gains available:
AMGN Weekly $185-187.50 Calls
$185 Calls – Range: .98-4.55 – Max Gain: 364%
$187.50 Calls – Range: .28-2.35 – Max Gain: 739%
SHOP Weekly $327.50-335 Calls
$327.50 Calls – Range: 6.90-22.87 – Max Gain: 231%
$330 Calls – Range: 6.08-20.67 – Max Gain: 240%
$332.50 Calls – Range: 5.10-18.00 – Max Gain: 253%
$335 Calls – Range: 2.70-15.97 – Max Gain: 491%
BYND Weekly $180-170 Puts
$180 Puts – Range: 3.20-9.62 – Max Gain: 200%
$177.50 Puts – Range: 2.44-7.91 – Max Gain: 224%
$175 Puts – Range: 1.70-6.29 – Max Gain: 270%
$172.50 Puts – Range: 1.20-4.56 – Max Gain: 280%
$170 Puts – Range: .85-3.45 – Max Gain: 306%
BABA Weekly $165-162.50 Puts*
*NEVER trade weekly expiring options on a Friday unless you are an advanced level trader, and have access to disposable funds.
PCT Ltd. PCTL – Recap
We tracked PCTL to some pretty impressive gains following our initial alert on the play just under two weeks ago. We continued tagging it in our extended watchlist into this week, and after a brief consolidation, we observed more bullish activity out of the stock.
On Wednesday, PCTL dipped to a low of .0095, very briefly existing as a subpenny play once again, before making its next move. That led to a high of .02 yesterday, which represents a two-day swing of 111%
ZYNE, XXII, CGIX, PINS, CRON, RRD, RDFN, CDNA, DSLV