Recapping Wednesday’s Movers:
We did fairly well with the options ideas we highlighted in yesterday morning’s premarket report. There were significant intraday moves for two out of our three ideas, and we strongly suspect we’ll be circling back for the third at a later date. We also have a relatively large slate of earnings reporters this morning, so we should be able to pick up the pace as we head into the end of this trading week.
The possibilities that did pan out quite well on the day Wednesday were the AVAV 07/21 $95-100 Calls, and the GIS 07/21 $75-72.50 Puts., which both produced some very nice intraday activity.
AVAV 07/21 $95-100 Calls
$95: 2.20-3.90 (+77%)
$100: .70-1.75 (+150%)
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GIS 07/21 $75-72.50 Puts
$75: .35-.70 (+100%)
$72.50: .10-.20 (+100%)
Fresh Options Ideas:
MU Weekly $67.50-69 Calls
GBX 07/21 $35-40 Calls
PAYX 07/21 $110-115 Calls
Extended Watchlist:
FRCB, JOBY, SGTX, WAVE, RNXT, LILM, PWRMF, ACUT, INKW