Tuesday’s Twin Targets:
As we were mentioning in yesterday morning’s premarket report, we’re pretty thin on earnings reports from big name companies with multi-billion dollar market caps, which are typically our favorite catalysts for the kind of intraday activity that is useful to daytraders. This relative dry period will unfortunately persist until the back end of October, but, as we did yesterday, we’ll continue to hash out whatever remaining targets look best on any given morning.
Yesterday we formed a pair of potential plays, the APOG 10/20 $50-55 Calls and the DAVA 10/20 $45 Puts, and they both exhibited some nice moves for us on the day, with a double-bagger coming out of both chains. Here’s what we were working with:
APOG 10/20 $50-55 Calls
$50: 1.70-2.50 (+47%)
$55: .05-.30 (+100%)
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DAVA 10/20 $45 Puts
$45: 15-.30 (+100%).
Fresh Options Ideas:
GIS 10/20 $65-67.50 Calls
EMN 10/20 $80 Calls
Extended Watchlist:
RVNC, EBET, EXAI, RNAZ, HSTO, FRTX, BJDX, TGGI, RTSL,