Another Excellent Week of Options Trading

Closing Out a Fantastic Short Trading Week: 

As we prepare to close out this holiday-shortened week, we’re going to start off by highlighting some more new highs in the SLQT 09/17 $7.50-10 Calls we’ve been tracking since August 31st. SLQT on the stock side of things alone, has risen by a considerable margin, running from 9.19 to 13.24 for a gain of 44%

We also want to update on a set of longer-term options in the EPAY chain that we designated for observation back on the morning of August 16th. EPAY has also made a solid move, and it facilitated some nice moves for our targeted range, the EPAY 09/17 $40-45 Calls.

Here are the new highs in the SLQT targets, as well as the overall range on the EPAY contracts since we alerted on them:

SLQT 09/17 $7.50-10 Calls
$7.50:
 1.80-5.55 (+208%)
$10: .40-3.20 (+700%)

EPAY 09/17 $40-45 Calls
$40:
 .81-3.90 (+381%)
$45: .09-.76 (+744%)
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A couple of our fresh plays from yesterday morning’s report also made some great single-session gains for us on the day. Those targets and total possible profits were as follows:

LOVE 09/17 $55-60 Calls
$55: 1.95-8.40 (+331%)
$60: .75-4.40 (+487%)
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RH Weekly $685-695 Calls
$685:
 17.20-45.00 (+162%)
$690: 15.00-44.00 (+193%)
$692.50:18.80-39.95 (+112%)
$695: 13.35-36.13 (+171%)


Fresh Options Ideas:
ZS Weekly $285-290 Calls*
AFRM 09/17 $110-120 Calls
PLAY Weekly $37-39 Calls*
TIGR 09/17 $12.50-15 Calls

* Please don’t attempt to trade weekly options on a Friday unless you are an experienced trader with access to disposable funds! 


Extended Watchlist:
EWLL, VIZC, SIRC, ILUS, RGBP, ELIO, GGII, MSTO, GRSO, HPIL, ISEE, AFRM, ENDP, KPLT, TTOO

Friday’s Multi-Baggers, Fresh Ideas

GPS, WDAY Options Recaps:

As is our custom, we’re kicking off this new trading week by scanning back to our performance on Friday. Our longer-term calls didn’t impress just yet, but both of the quick-strike ideas we had for weekly calls did produce some nice chances for us on the day.

We were zeroed in on the GPS Weekly $27-28.50 Calls and the WDAY Weekly $255-270 Calls following the Gap and Workday’s earnings drops, and were afforded some very nice intraday gain opportunities, with only one contract set in our designated ranges falling shy of multi-bag gainer status.

GPS Weekly $27-28.50 Calls
$27: .18-.46 (+156%)
$27.50: .09-.21 (+133%)
$28: .09-.17 (+89%)
$28.50: .11-.44 (+300%)
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WDAY Weekly $255-270 Calls
$255:
 9.07-19.80 (+118%)
$260: 5.20-14.75 (+184%)
$265: 2.24-10.00 (+346%)
$270: .95-5.40 (+468%)

We’re not going to rule out Friday’s longer-term September Calls in HIBB from going green yet, with nearly three weeks remaining until expiration.


Fresh Options Ideas: 
LI Weekly $29-30 Calls
SPCE 10/01 $27-29 Calls


Extended Watchlist:
ASTA, BDGR, TMEB, FERN, BBIG, SPRT, ATER, GSAT, AFRM, ROOT, KPLT, SKYF, BSXGF