Dollar Tree, Inc. DLTR – Options Update
Yesterday, apart from highlighting the many winning options plays that came out of Wednesday morning’s premarket report, we also brought up a new idea for the DLTR options chain. We signaled the DLTR Weekly $85 Calls.
Those $85 Calls were big movers, trading in a range from 1.90-4.66 on the day. That represented an intraday pop of 145% so cheers to any of those who may have taken advantage of that healthy run.
Big Lots, Inc. BIG
We’re looking to BIG this morning on the heels of an earnings beat and cash dividend annoucment. The stock is gapping considerably above the $50-level to new annual highs. We’re going to be looking at the BIG Weekly $47.50-52.50 Calls* for possible quick-hit trades today.
*Caution: We always like to remind our readers that trading options contracts with a weekly expiration on Friday is an inherently risky proposition. Please do not attempt to do so if you are not an advanced-level trader.
Relypsa, Inc. RLYP
We’re coming across RLYP at an interesting time today. The stock is gapping up this morning, oddly enough, on news that hit for a rival.The FDA refused approval to pharma giant AstraZeneca for its potassium-lowering drug, effectively leaving RLYP’s competing drug as the lone option in the marketplace.
We’ve formulated an options idea for this play as well. With no weeklies available, we’re going to be monitoring contracts within the range of the RLYP 06/03 $20-25 Calls.
NNRX, KGNX, NEIK, TBEV