UnitedHealth Group Inc UNH
As we near the midway point of this holiday-shortened week, we are going to be taking a look at a fresh earnings related options idea with UnitedHealth.
The company just posted an impressive across-the-board earnings beat, while the chart itself was already in a prime bottom-bounce position. We are going to track the UNH Weekly $232.50-237.50 Calls, which should be in very good shape if events play out as expected.
Fastenal, Inc. FAST
We also signaled the FAST 04/18 $62.50-67.50 Calls, last Thursday following the company’s own earnings beat. The moves we’ve observed since then have been moderate, but still impressive nonetheless.
$62.50 Calls – Range: 5.40-7.10 – Max Gain: 31%
$65 Calls – Range: 2.40-4.80 – Max Gain: 100%
$67.50 Calls – Range: 1.10-2.43 – Max Gain: 121%
Fresh Options Idea:
Senior Housing Properties Trust SNH 06/21 $10 Calls
CNAT, CHFS, JAGX, RWLK, JMIA, MDR, ZSAN,
Dollar General Corp. DG
We highlighted a wide range of calls in the DG chain yesterday morning on the heels of the company’s earnings release, the DG Weekly $94-96.50 Calls
While every contract in the range did see intraday gains, we’ll just focus on the $94-95.50’s, as the $96 & $96.50’s didn’t get pushed deep enough in the money to make similarly large moves.
$94 Calls – Range: .50-1.93 – Max Gain: 286%
$94.50 Calls – Range: .42-1.46 – Max Gain: 248%
$95 Calls – Range: .30-1.40 – Max Gain: 367%
$95.50 Calls – Range: .30-1.00 – Max Gain: 233%
Burlington Stores, Inc. BURL
We also had the BURL 03/16 $120 & $125 Calls on watch beginning last Thursday, and between then and now, we ended up witnessing some nice moves from those plays.
Our observed range on the $120’s has been 4.04-9.53 (+136%), and the $125 have run from 1.35-4.73 (+250%) in just a week’s time.
SPDR S&P 500 ETF (SPY)
We’re going to come back to the SPY today after having seen the markets experience four consecutive days of losses this week.
We’ll be looking for a reversal of fortune for the SPY, and will be tracking the Weekly $274-275.50 Calls* today.
*Do NOT trade weekly calls on a Friday unless you are an expert level trader!
AUPH, KBSF, OPGN, SMRT, ZSAN,