Options Recaps
After a hugely successful run of options calls from Wednesday, we generated a few more new trading ideas for yesterday morning’s report. We put feelers out on calls in the MSFT and LLY chains and got some good results form those ideas.
LLY really delivered on some serious multibag gains, but the MSFT performance was highly respectable as well. Here were the total possible profits on the table for the session:
LLY Weekly $141-143 Calls
$141: .35-2.80 (+121%)
$142: .16-1.88 (+179%)
$143: 13-1.45 (+121%)
MSFT 02/07 $170-177.50 Calls
$170: 2.89-4.35 (+121%)
$172.50: 1.63-2.67 (+179%)
$175: .82-1.44 (+121%)
$177.50: .36-.67 (+179%)
Fresh Options Ideas*:
EW Weekly $237.50-245 Calls
AMZN Weekly $2055-2080 Calls
V Weekly $207.50-202.50 Puts
AXP Weekly $134-132 Puts
*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!
Extended Watchlist:
GCGX, TXPG, DIGAF, SNDL, REDU, CHRA, NEPT, VXRT(Coronavirus News)