We had a number of options contracts that we were tracking on Friday, and ended up having good fortune with two out of the three sets that we were watching. Both the SPY and Ford enjoyed bullish intraday moves after the markets themselves fell briefly first thing in the morning, followed by an entire day of ascent and a very strong close. Here are the highest possible gains that could have been achieved on the back of our ideas.
SPDR S&P500 ETF (SPY) Weekly $291.50-292 Calls
$291.50 Calls – Range: .45-1.91 – Max Gain: 324%
$2292 Calls – Range: .26-1.49 – Max Gain: 473%
Ford Motor Co. F Weekly $9.50-10 Calls
$9.50 Calls – Range: .45-.95 – Max Gain: 111%
$10 Calls – Range: .07-.46 – Max Gain: 557%
It finished out one heck of a trading week for our options calls, of which we had at least seven separate sets of ideas that produced multi-bag gain opportunities, as you are welcome to confirm in our archives.
FRESH IDEA: Based on the nature of Friday’s market activity, including that very strong close, we are going to bank on another session of bullish activity for the markets at large, and put the SPY 04/29(today) $292.50-293.50 Calls on watch.
Bonus Idea: SPOT Weekly $140-142 Calls
Axsome Therapeutics, Inc. AXSM
We designated AXSM as a stock to watch in our report on March 26th, and after one full month of trading, we wanted to return to review its performance over that span.
From its low following our alert, which came in at 12.76, the stock has cruised steadily up to Friday’s new high of 18.13. That represented a one month upswing amounting to a total move of 42%
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