We highlighted a pair of options ideas in yesterday’s morning report, declaring our interest in tracking the KMB Weekly $145-148 Calls, as well as the DHR 08/21 $200-210 Calls.
Despite what turned out to be a very poor session for the markets in general, both of our highlighted plays saw activity that bucked the overall trend of the day. We saw big moves in every one of the contracts in question:
KMB Weekly $145-148 Calls
$145: 1.00-4.30 (+330%)
$146: .79-3.20 (+305%)
$147: .70-2.86 (+309%)
$148: 1.00-1.89 (+89%)
DHR 08/21 $200-210 Calls
$200: 4.26-7.40 (+74%)
$210: 1.38-2.58 (+87%)
Prologis, Inc. PLD – We also had signaled some calls in the PLD chain on Tuesday morning, and after a solid midweek performance, we’ve witnessed some appreciable gains there as well.
PLD 08/21 $100-105 Calls
$100: 1.52-3.26 (+114%)
$105: .45-1.11 (+147%)
Fresh Options Ideas:
And here are the targets we’re going to be monitoring off of today’s earnings calendar. We’ll have a few weeks apiece to track and realize some solid gains in these plays.
Edwards Lifesciences Corp. EW 08/21 $78.50-80 Calls
FirstEnergy Corp. FE 08/21 $30-32 Calls
AXIM, SHMP, PAOG, PASO, SBFM, BBRW, CVAT
More Options Winners
All things considered, things shaped up pretty good for us this week on the options trading front. We had potential gains to report each and every day, and today is no exception. Yesterday morning’s fresh ideas in LLY and ORLY played very nicely in the wake of each company’s quarterly earnings drop.
LLY was the big score, however the ORLY was a longer-term idea with almost a month until expiration, so we may yet see some bigger moves from those in the weeks to come.
LLY Weekly $155-160 Calls
$155: 2.81-7.50 (+158%)
$157.50: .81-5.16 (+297%)
$160: .50-3.10 (+252%)
ORLY 05/15 $390-400 Calls
$390: 7.00-12.46 (+110%)
$400: 7.39-11.00 (+184%)
Fresh Ideas – We’ll also go ahead and form a few fresh ideas to close out the week. We’re seeing insider buys on HAL near its recently established bottom, and we’ve got earnings reports from AXP and that are driving early activity in those plays.
Haliburton Co. HAL 05/29 $10-11 Calls
American Express Co. AXP Weekly $83-85 Calls
Edwards Lifesciences Corp. EW Weekly $225-235 Calls
TLSS, OZSC, SHIP, CTRM, UNT, VAL, WLL
After a hugely successful run of options calls from Wednesday, we generated a few more new trading ideas for yesterday morning’s report. We put feelers out on calls in the MSFT and LLY chains and got some good results form those ideas.
LLY really delivered on some serious multibag gains, but the MSFT performance was highly respectable as well. Here were the total possible profits on the table for the session:
LLY Weekly $141-143 Calls
$141: .35-2.80 (+121%)
$142: .16-1.88 (+179%)
$143: 13-1.45 (+121%)
MSFT 02/07 $170-177.50 Calls
$170: 2.89-4.35 (+121%)
$172.50: 1.63-2.67 (+179%)
$175: .82-1.44 (+121%)
$177.50: .36-.67 (+179%)
Fresh Options Ideas*:
EW Weekly $237.50-245 Calls
AMZN Weekly $2055-2080 Calls
V Weekly $207.50-202.50 Puts
AXP Weekly $134-132 Puts
*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!
GCGX, TXPG, DIGAF, SNDL, REDU, CHRA, NEPT, VXRT(Coronavirus News)