Recap of Friday’s Plays:
We finished out last week with a bang as we reaped the reward of some very good options ideas. Not only did our fresh ideas from Friday morning in the SPY and TLS pop off for multibag gains, but our targets in DRI from Thursday morning’s premarket report, also tacked on some impressive new highs.
These gains were added in roughly the final 90 minutes of the session, where the markets made an incredible surge into the close that sets this holiday-shortened week up to be very interesting.
Here are the trading ranges and total possible profits on our successful ideas, a couple of which are still active for another couple of weeks before expiration:
SPY Weekly $398-399 Calls
$398: 1.85-7.63 (+312%)
$398.50: 2.23-6.44 (+189%)
$399: .53-5.32 (+903%)
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DRI 04/16 $135-140 Calls
$135: 3.20-13.20 (+313%)
$140: 2.40-9.60 (+300%)
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TLS 04/16 $35-40 Calls
$35: 2.70-4.80 (+78%)
$40: .60-3.00 (+400%)
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Fresh Options Ideas:
FUBO 05/21 $25-30 Calls
ViacomCBS, Inc. VIAC – Options Idea
We’ve been taking note of the massive selloff in VIAC over the past week as the company’s massive fundraising efforts resulted in a huge $2.1B block trade priced at roughly $47/share. The stock has come all the way down to those levels and we want to enter a longer-term swing trade idea to coincide.
We are going to radar the VIAC 06/18 $50-55 Calls and keep track of them over the coming weeks and months.
Extended Watchlist:
HCMC, VBHI, RXMD, MMEDF, MINE, TKOI, GRLT, IJJP, WSGF