Friday’s Runners:
We’re ready to hop back into the swing of things for a fresh trading week this morning, but first, lets go over the pair of plays that we formulated for our premarket report on Friday. Both of them managed to produce solid multi-bag moves on the day.
We were targeting the CHTR Weekly $123-122 Puts, and the AXP Weekly $335-330 Puts. These were the nicest intraday runs they managed for Friday’s trading:
CHTR Weekly $123-122 Puts
$123: 2.00-4.00 (+100%)
$122: .47-1.40 (+198%)
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AXP Weekly $335-330 Puts
$335: 8.00-16.32 (+104%)
$332.50: 8.99-13.82 (+54%)
$330: 5.38-11.31 (+110%)
Fresh Options Ideas:
SPY 07/27 $744-745 Calls*
AZN Weekly $170 Calls
ENSG Weekly $190 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
RNG, THC, FRMI, IP, DLR, SLB, SW