Yesterday’s Options Movers:
We made some good picks for yesterday morning’s premarket report, coming up with four options trading ideas based off of the day’s earnings calendar. It was a mixed bag of calls and puts, and we fared pretty well with the whole lot of them. We’re still in the position of being right in the thick of an active quarterly earnings season, and attempting to take full advantage.
Yesterday’s four plays that turned out to be solid intraday runners were the DDOG Weekly $88-85 Puts, the UPS Weekly $172.50-175 Calls, the LLY Weekly $490-500 Calls, and the IFF 08/18 $65-60 Puts. The gains we observed, which ranged from reasonably strong to very good, on those ideas were as follows:
DDOG Weekly $88-85 Puts
$88: 2.32-4.00 (+72%)
$87: 1.73-3.35 (+94%)
$86: 1.45-2.86 (+97%)
$85: 1.08-2.30 (+113%)
_____
UPS Weekly $172.50-175 Calls
$172.50: 5.40-9.15 (+69%)
$175: 3.10-6.41 (+107%)
_____
LLY Weekly $490-500 Calls
$490: 18.55-47.80 (+158%)
$495: 13.65-44.45 (+226%)
$500: 12.65-39.35 (+211%)
_____
IFF 08/18 $65-60 Puts
$65: 1.45-2.25 (+55%)
$60: .34-.60 (+76%)
Fresh Options Ideas:
CRL 08/18 $210 Calls
RBLX Weekly $35-34 Puts
SMCI Weekly $297.50-292.50 Puts
Extended Watchlist:
EBET, VTGN, ATNF, TNGX, AKAN, DBTX, GRRR, HOTH