Options Recaps:
We got things right back on track with regard to the options ideas that we formulated for yesterday morning’s premarket report. We put forth a group of three earnings plays and the activity we subsequently observed was nothing to sneeze at, with all three returning opportunities for multibag intraday gains. That included a really nice 950 percenter!
Our specific areas of interest for the session were the CHWY Weekly $37.50-36.50 Puts, the ACN Weekly $262.50-265 Calls, and the GIS 04/21 $82.50 Calls, which provided the following moves and intraday profit chances, as well as more incredible new highs in the ONON 04/21 $25-27.50 Calls we’ve been tracking since Tuesday:
CHWY Weekly $37.50-36.50 Puts
$37.50: 1.43-3.55 (+148%)
$37: 1.11-3.05 (+174%)
$36.50: .90-2.56 (+184%)
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ACN Weekly $262.50-265 Calls
$262.50: 2.10-11.85 (+464%)
$265: .85-9.00 (+959%)
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GIS 04/21 $82.50 Calls
$82.50: .50-2.10 (+320%)
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ONON 04/21 $25-27.50 Calls
$25: .56-7.10 (+1167%)
$27.50: .25-4.99 (+1896%)
Fresh Options Ideas:
CPRI 04/21 $47.50 Calls
SPY 03/24 $392-391 Puts
Extended Watchlist:
BDPT, VNTH, ASAP, BRDS, DRMA, TRKA,