We continued our run of success with options plays on Friday– three of the four ideas we offered ended up turning in notable intraday performances.
Bank of America Corp. BAC
Our BAC selection was new on Friday morning. After we noticed a PR alluding to an increase of the company’s massive share buyback program, we highlighted one set of options contracts in particular, the BAC Weekly $13.50 Calls.
We witnessed those trade in an intraday range from .16-.37, which represented a move of 131% ultimately proving to be our biggest runner of the day.
United Parcel Service, Inc. UPS
Our designation of UPS April 8th $104 Calls was one of a pair of ideas that we formulated on Thursday which would carry their success into Friday’s session as well.
Those contracts rose from a daily low of 1.50 and ended up hitting 2.03 for an intraday move of 35%, and a two-session swing of 332% over our observed low of .47 on Thursday.
SeaWorld Entertainment, Inc. SEAS
The other play from Thursday morning that we highlighted was the SEAS April 15th $18 Calls, and those too traded in similar fashion, putting up a nice intraday gain which also measured as a big increase from the prior session.
On Friday those contracts ran from 1.20-1.95, which marks a 63% intraday pop, and a total jump of 388% over Thursday’s low of .40.
Our sincerest congratulations to all of our readers both old and new who have been following along with our regular options ideas. A vast majority of our picks in this arena in 2016 have been absolutely stellar, despite highly irregular and uncertain economic conditions. As always, we’re going to be doing our best to continue this pattern of success indefinitely.
LegacyXChange, Inc. LEGX
On the stock side of things, we had LEGX in our watchlist on Friday, and it managed a respectable intraday move. From an early low of .0243 the stock achieved an afternoon high of .0379; that was good for intraday gains of up to 55%
SCIE, PCSV, VPRO, STTX, LINE,