New Highs for Options Plays, 4 Fresh Ideas

SPY Runners, Other Recaps:

We were bullish on the SPY yesterday morning and as a result we signaled a range of calls in our premarket report, the SPY 04/12 $411-413 Calls, which ultimately recorded some very nice intraday movement. Additionally, we wanted to circle back around to a couple of the other sets of 04/21 calls that we’ve placed on watch in recent weeks, that have posted new highs this week.

The Friday before last, we highlighted the WGO 04/21 $55-60 Calls, and a couple of sessions later on April 4th, we included the TSE 04/21 $22.50 Calls in our daily report. So the figures we see below represent SPY’s intraday run yesterday, and the overall increases in our WGO and TSE targets since the alert dates we linked here.

SPY 04/12 $411-413 Calls
$411:
 .28-1.00 (+257%)
$412: .14-.49 (+250%)
$413: .08-.20 (+150%)
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WGO 04/21 $55-60 Calls
$55: 1.60-3.86 (+151%)
$60: .29-1.60 (+451%)
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TSE 04/21 $22.50 Calls
$22.50:
 .25-.70 (+180%)


Fresh Options Ideas:
DAL Weekly $34.50-35 Calls
FAST 04/21 $52.50-50 Puts
INFY 04/21 $16-15 Puts
PGR 04/21 $145-140 Puts


Extended Watchlist:
KGKG, PHIL, SKKRF, KITL, CXAI, AUUD, MOBQ, JZXN, CYTO, SABS

Recapping Monday’s Movers, New Targets

Monday’s Options Recaps:

We were faced with rather slim pickings yesterday with regard to the type of big name, large-cap earnings reporters we typically like to take advantage of, but we didn’t let that stop us from picking a couple winners to kick off the trading week. Whenever we get hit with a dry spell for earnings, we always manage to find decent plays in their stead.

Yesterday’s premarket report focused on the EDR 04/21 $22.50-25 Calls, and the SAIC 04/21 $105-110 Calls, and the intraday results we witnessed were rather good. Here’s the breakdown of their daily activity and the total percentage gains that were on the table:

EDR 04/21 $22.50-25 Calls
$22.50:
 .60-.96 (+60%)
$25: .10-.20 (+100%)
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SAIC 04/21 $105-110 Calls
$105
 3.23-6.63 (+105%)
$110: 1.20-2.90 (+142%)


Fresh Options Ideas:
TSE 04/21 $22.50 Calls
GLPG 04/21 $40 Calls
DOMO 04/21 $15 Calls


Extended Watchlist:
BFRG, BFLY, SECO, CDLX, HCNWF, CNBX, AMIH, WNDF, MONI