General Motors Co. GM
We went very options heavy in our report yesterday morning, updating our readers on the success of ideas we had earlier in the week, and also including a pair of fresh ideas, GM Weekly $40-42 Calls.
We’re pleased to report that all five of the contracts in our designated range produced the opportunity for tangible intraday profits.
$21 Calls – Range: 1.61-2.73 – Max Gain: 70%
$21.50 Calls – Range: 1.00-2.22 – Max Gain: 122%
$22 Calls – Range: .73-1.70 – Max Gain: 133%
$21.50 Calls – Range: .42-1.26 – Max Gain: 200%
$22 Calls – Range: .18-.85 – Max Gain: 372%
Burlington Stores, Inc. BURL
Also freshly formulated in yesterday’s report was our idea for the BURL Weekly $141-144 Calls, and we were not disappointed on that front either. While the bottom half of the range was pushed too deep into the money for any serious activity, we quickly zeroed in on the top performers, the $143 and $144 Calls.
The $143′s managed a huge run from 1.45-5.80, marking an intraday surge of 300% while the $144‘s posted a range of 1.40-4.00, which works out to a 186% rip.
More Fresh Options Ideas
For the second day in a row we’ll present a fresh pair of options ideas, one longer-term and one for potential day trades today*:
Bank of America BAC 07/20 $29 & $30 Calls
Lululemon Athletica LULU Weekly $111-114 Calls
*Never trade weekly options on a Friday unless you an expert level trader with disposable funds
ATIS, HEAR, TOPS, SGLB, PETX, AMMA