Wednesday’s Winners, 4 More Potential Plays

Recapping Wednesday’s Winners:

We made some good progress with the potential options plays we highlighted in yesterday morning’s premarket report. Everything we signaled in the near-term recorded some pretty good intraday movement. As far as the May calls we targeted on INTC, we’ll have to wait a little longer to possibly see that idea come to fruition. Everything else worked out rather well, and we expect that trend to continue as we start to come out of this earnings dry spell of the past few weeks. In the case of the SPY Puts we formulated, two out of the three contract sets in the range we designated say intraday run of more than a thousand percent!

The three runners from yesterday’s report were the SPY 04/10 $515-513 Puts, the DAL Weekly $48.50-49.50 Calls, and the PSMT 04/19 $85 Calls. These were the daily performances they logged for the session:

SPY 04/10 $515-513 Puts
$515
: .36-1.86 (+417%)
$514: .10-1.13 (+1030%)
$513: .02-.23 (+1050%)
_____

DAL Weekly $48.50-49.50 Calls
$48.50
: .52-1.20 (+131%)
$49: .30-.92 (+207%)
$49.50: .15-.77 (+413%)
_____

PSMT 04/19 $85 Calls
$85
: .16-1.05 (+556%)


Fresh Options Ideas:
SPY 04/11 $514-515 Calls*
KMX Weekly $74-72 Puts
STZ Weekly $265-267.50 Calls
FAST 04/19 $72.50-70 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
RLYB, TPET, ELYM, ALPN, APVO, MDNAF, ZEVY, 

Options Recaps, 4 Fresh Potential Plays

More Options Review:

We want to open up this morning by apologizing for any confusion pertaining to the SPY Calls in yesterday’s premarket report. We mistakenly listed our targets as the $424-425 instead of the $524-525 Calls, and didn’t catch our error until it was too late. We don’t often make mistakes, but we’re quit to point it out when we do. As a result we have just a couple of yesterday’s targets to report back on, but we’ve also got some updates on previous longer-term plays that have tacked on some new highs this week.

Yesterday’s movers were the BOIL Weekly $13.50-14.50 Calls, and the SGML 04/19 $13-14 Calls. The CAR 04/05 $118-120 Calls, and the DELL 04/05 $114-116 Calls, we alerted on last Monday, and we’ll include the updated figures for those excellent week-over-week runners as well:

BOIL Weekly $13.50-14.50 Calls
$13.50
: .81-1.22 (+51%)
$14: .55-.90 (+64%)
$14.50: .37-.65 (+76%)
_____

SGML 04/19 $13-14 Calls
$13
: 1.25-1.80 (+44%)
$14: .80-1.30 (+62%)
_____

CAR 04/05 $118-120 Calls
$118
: 3.20-8.32 (+191%)
$119: 3.10-5.10 (+64%)
$120: 2.69-5.60 (+108%)
_____

DELL 04/05 $114-116 Calls
$114
: 2.15-6.00 (+179%)
$115: .60-5.00 (+733%)
$116: 1.80-4.00 (+122%)


Fresh Options Ideas:

We’ve got some potential earnings plays in PVH and PAYX this morning, as well as a couple of longer term recovery play possibilities with SNOW, whose CEO recently snapped up $5M at the bottom, and IRON, which tanked dramatically on some unfavorable news.

PVH 04/19 $110-105 Puts
PAYX 04/19 $120-115 Puts
SNOW 05/10 $175-180 Calls
IRON 05/17 $40-45 Calls


Extended Watchlist:
WBBA, LTNC, IGPK, HYSR, TPET, LIFW, XTIA, WPR, AINC, PIK