Excellent Start to the Trading Week:
We came out with guns blazing yesterday morning, signaling three sets of potential options plays in our premarket report, all of which ended up putting forth some very nice intraday moves and possible profits for anyone following along. Another strong session for the markets in general led to some good gains in our SPY calls for the day, and our other targets, both in the banking sector, bore fruit as well.
We were focused on the SPY 10/17 $360-362 Calls, the BK Weekly $39.50-40.50 Calls, and the BAC Weekly $32-33 Calls. Here are the intraday ranges and overall moves they recorded for us:
SPY 10/17 $360-362 Calls
$360: 4.50-8.05 (+79%)
$361: 2.68-7.11 (+165%)
$362: 3.19-6.12 (+92%)
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BK Weekly $39.50-40.50 Calls
$39.50: .75-1.50 (+100%)
$40: .55-1.40 (+155%)
$40.50: .35-1.10 (+214%)
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BAC Weekly $32-33 Calls
$32: 1.26-2.05 (+63%)
$32.50: .96-1.61 (+68%)
$33: .63-1.24 (+97%)
Fresh Options Ideas:
SPY 10/19 $374-376 Calls
GS Weekly $312.50-317.50 Calls
JNJ Weekly $167.50-172.50 Calls
STT Weekly $65-67.50 Calls
Extended Watchlist:
SYSX, NSAV, GEGI, GPOX, OBTX, TETOF, ZVO, RMED, COMS, AVEO, FNHC, ATXI