Options Review
We closed out the trading week on Friday morning with some fresh options ideas, namely the SPLK Weekly $134-138 Calls. The moves we observed in those contract sets were highly impressive, with enormous multi-bag runs across the board.
The total possible profits on the table for daytraders were as follows:
$134 Calls – Range: 1.79-6.50 – Max Gain: 263%
$135 Calls – Range: 1.15-5.80 – Max Gain: 404%
$136 Calls – Range: .83-5.70 – Max Gain: 586%
$137 Calls – Range: .50-3.70 – Max Gain: 640%
$138 Calls – Range: .26-2.74 – Max Gain: 954%
Cheers to anyone who took advantage of this unbelievable quick-strike opportunity!
Ebix, Inc. EBIX – Form-4 Alert
We caught a Form-4 insider buying alert on EBIX this morning. That’s when we noticed the prime bottom positioning of the chart, complete with a significant gap to the topside. This will be a perfect candidate to identify some longer-term options plays we have interest in tracking.
We’ll be looking at the EBIX 03/20 $30-40 Calls in the days and weeks ahead.
Extended Watchlist:
ANAB, SAML, ATNM, TEVA, ICPT, ZGNX, CYIO, SAML