HAPPY HOLIDAYS, ONE AND ALL!
We want to start things off this short trading week, by wishing everyone a happy holiday season, no matter how you celebrate!
This is traditionally a very low-key week for the markets, as most people are focused on enjoying their families or time off from work at this time. Especially with no major earnings reporters on the calendar, we expect a relatively subdued start to the week as well.
General Mills, Inc. GIS
One thing we do want to do is circle back to the call we made for the GIS options chain on Wednesday, which made a pretty good move into the end of the week, and will be high on our watchlist , as further gains are very possible.
We had highlighted the GIS 01/17 $55 Calls, and they subsequently made a very impressive move from .10-.29, marking a rise of 190% We will continue to keep an eye on this play, as GIS attempts to break the double top around the $54 mark. A break of that area will send these gains soaring.
Fresh Options Ideas:
Finally, it wouldn’t feel like the start of a fresh trading week without some fresh options speculation.
We’re going to radar the SPG 01/17 $145-150 Calls as the chart is in a prime bottom-bounce setup. We took it out to the January 17th’s to give ourselves ample time to witness what appears to be an impending rebound.
Extended Watchlist:
SDRL, ACHV, ONCY, CALA, YAYO, CPRX, FBIO, ITCI, LLEX