Fresh Ideas for Big Name Earnings & More

Weekly Options Pop Off:

The back and forth choppiness of the markets recently has really been something to see, and after a rough start to the week on Monday, yesterday’s session flipped and went very bullish. Of the three quick-strike options trading ideas that we formulated in our premarket report, all three produced some very nice gain opportunities. We’ll hold off on the set of August calls we hashed out for NVS, and just focus on the short term plays.

Those contract sets targeted were the HAL Weekly $28.50-29.50 Calls, the JNJ Weekly $172.50-177.50 Calls, and the IBM Weekly $134-131 Puts. They all turned in good cards for the day, and provided ourselves and our readers with the following intraday gain chances:

HAL Weekly $28.50-29.50 Calls 
$28.50: .80-1.29 (+61%)
$29: .53-.99 (+87%)
$29.50: .40-.70 (+75%)
_____

JNJ Weekly $172.50-177.50 Calls
$172.50:
 .58-1.24 (+114%)
$175: .20-.45 (+125%)
$177.50: .46-1.06 (+130%)
_____

IBM Weekly $134-131 Puts
$134: 3.74-6.50 (+74%)
$133: 1.91-5.40 (+183%)
$132: 1.60-4.60 (+187%)
$131: 1.53-3.80 (+148%)


Fresh Options Ideas:
NFLX Weekly 207.50-215 Calls
BKR 08/19 $26-25 Puts
STZ 07/29 $250-245 Puts


Extended Watchlist: 
BLQS, NSAV, ZAAG, GWSO, MAXD, EVIO, ELRA, XSNX, SDIG, APLD, SNTI, SLNO, AIM, GNLN

Another Flip on the SPY, Fresh Ideas

Options Review: 

It has been a stellar week for options trading, despite the markets having their hiccups. Yesterday was another mixed bag in terms of the overall sentiment, but both of the quick strike options plays we were tracking in our premarket report produced immediate results for us. The volatility afforded by recent market conditions has been a real plus for daytraders.

Our designated targets for yesterday’s session were the SPY 05/13 $392-389 Puts, and the DIS Weekly $101-98 Puts, and there were multi-bag intraday opportunities across the board in both ranges. Below, we’re going to flip our stance on the SPY as well, something we’ve done successfully many times in recent sessions, so be sure to read on past yesterday’s performance figures to find those fresh targets.

SPY 05/13 $392-389 Puts
$392:
 2.40-8.02 (+197%)
$391: 2.02-7.30 (+262%)
$390: 1.74-6.60 (+279%)
$389: 1.47-5.90 (+301%)
_____

DIS Weekly $101-98 Puts
$101:
 .36-.95 (+164%)
$100: .23-.66 (+187%)
$99: .16-.43 (+169%)
$98: .11-27 (+145%)


Fresh Options Ideas:
SPY 05/13 $395-398 Calls*
AFRM Weekly $23.50-25 Calls*
SBUX Weekly $70-72.50 Calls*

**Please don’t try to trade options on their day of expiration unless you are well-versed in options trading! 


Extended Watchlist:
MULN, OTRA, ALNA, CALA, PTE, HOOD, MYSZ, SYSX, IGEX, TGGI, ENZC, DMAN, NSAV, SFOR

Major Options Success, Fresh Plays & More

Solid Hitters Across the Board:

Our options trading prowess continues to assert itself as we head into this midweek. You could probably count the amount of bad ideas we’ve had all year on one hand. For the vast majority of the selections we make, the profits have been there for the taking, and the targets we hashed out in yesterday’s premarket report were no exception.

We were focused on the SPY 03/30 $457-460 Calls, the ASO Weekly $38-40 Calls, and the LOVE 04/14 $50-55 Calls on the day, and there wasn’t a single contract set contained within those ranges which failed to provide substantial intraday gain chances for our readers.

Here are the trading ranges and the figures for total possible gains on those ideas: 

SPY 03/30 $457-460 Calls
$457:
 4.59-7.15 (+56%)
$458: 4.01-6.24 (+56%)
$459: 3.51-5.88 (+68%)
$460: 3.00-5.20 (+73%)
_____

ASO Weekly $38-40 Calls
$38:
 .87-2.30 (+164%)
$39: .55-1.20 (+118%)
$40: .25-.70 (+180%)
_____

LOVE 04/14 $50-55 Calls
$50: 5.56-8.50 (+53%)
$55: 2.70-9.20 (+241%)


Fresh Options Ideas:
LULU Weekly $360-370 Calls 

MU Weekly $82-85 Calls
BNTX Weekly $182.50-187.50 Calls


Extended Watchlist: 
ARGQ, CGSI, LLKKF, NSAV, NNRX, ADGI, DRCT, VYNT, SNOA, NAOV, SXTC