Thursday’s Big Bangers:
Thursday’s session turned up another nice crop of movers, with regard to our premarket earnings-based options ideas. We were looking a trio of earnings plays and went bearish on them all. A lackluster day from the markets in general aided our efforts, and we were able witness some really nice runs out of our selected plays.
We were honed in on the PG Weekly $144-142 Puts, the AA Weekly $52-50 Puts, and the DFS Weekly $96-94 Puts, and most of the target contracts in question posted some serious multibag moves on the day. Here are the ranges and total possible gains to be had on the backs of those ideas:
PG Weekly $144-142 Puts
$144: .36-1.95 (+441%)
$143: .22-1.25 (+468%)
$142: .14-.81 (+478%)
_____
AA Weekly $52-50 Puts
$52: .75-2.40 (+220%)
$51: .39-1.62 (+315%)
$50: .21-.85 (+304%)
_____
DFS Weekly $96-94 Puts
$96: 1.25-2.00 (+60%)
$95: .90-1.90 (+90%)
$94: .50-1.65 (+230%)
Fresh Options Ideas:
NFLX Weekly $332.50-340 Calls*
RF Weekly $21-22 Calls*
SLB Weekly $57-58 Calls*
ALLY Weekly $27-29 Calls*
SPY 01/20 $388-390 Calls*
*Please don’t attempt to trade options on their day of expiration unless you are an experienced trader with access to disposable funds!
Extended Watchlist:
WSRC, BRLL, DRCR, KYNC, QSEP, APSI, GNS, WISA, HLBZ, APPH, LHDX, ARVL