Huge Sweep on Options Plays:
We approached yesterday’s earnings dump boldly, with our premarket report for the day containing a menu of five options daytrading possibilities. All but one were bullish ideas, and the markets helped us along as stocks in general surged essentially all day. Despite that, even our one set of bearish targets saw some reasonable intraday moves. All in all, it was another hugely positive session for our daily interests.
Our highlighted plays Tuesday were the PDD Weekly $89-91 Calls, the BBY Weekly $75-77 Calls, the SJM 09/15 $145-150 Calls, the CTLT 09/15 $47.50-50 Calls, and the HEI 09/15 $160-155 Puts. The massive intraday runs and potential gain chances we saw were as follows:
PDD Weekly $89-91 Calls
$89: 2.96-7.47 (+152%)
$90: 2.00-6.65 (+232%)
$91: 1.74-5.90 (+239%)
_____
BBY Weekly $75-77 Calls
$75: 1.22-3.80 (+211%)
$76: .82-3.00 (+266%)
$77: .33-2.13 (+545%)
______
SJM 09/15 $145-150 Calls
$145: 1.75-4.00 (+129%)
$150: .25-.70 (+180%)
_____
CTLT 09/15 $47.50-50 Calls
$47.50: 1.35-3.15 (+133%)
$50: .65-1.95 (+200%)
_____
HEI 09/15 $160-155 Puts
$160: 2.60-4.23 (+63%)
$155: 1.50-2.45 (+63%)
Fresh Options Ideas:
We’re flipping the script from yesterday and presenting four bearish possibilities and one bull. In this case the puts were all earnings reporters today, while we noticed FWRD on the Form-4 and like the current setup of the chart.
HPQ Weekly $29.50-28.50 Puts
BOX Weekly $29-28 Puts
AMBA Weekly $61-59 Puts
MCFT 09/15 $20 Puts
FWRD 09/15 $75-80 Calls
Extended Watchlist:
AGIL, ARAV, TCJH, DBGI, NAOV, DRMA, TIO, GSAT