SPDR S&P 500 (ETF) SPY – Review
Yesterday morning we said we would come back to the idea we issued for the SPY on Tuesday morning, for what we assumed was going to be some nice added gains. The targets were the SPY 05/27 $302-303 Calls, and they exceeded our expectations for the day by a country mile!
That pair of contracts posted what may possibly be the biggest single session gains we’ve ever tracked in the SPY, which has been our go-to market analog for years. The gains here were simply marvelous.
SPY 05/27 $302-303 Calls
$302: .02-.91 (+4500%)
$303: .03-1.92 (+6300%)
We had also signaled fresh ideas in some other options chains yesterday, and thanks in part to a big day for the markets, we saw some appreciable gains there as well, which were as follows:
GSX 06/19 $30-35 Calls
$30: 2.98-4.90 (+64%)
$35: 1.00-1.93 (+93%)
_____
STNE Weekly $31-32 Calls
$31: 1.19-3.60 (+203%)
$32: .80-2.70 (+238%)
More Fresh Ideas:
WDAY Weekly $172.50-177.50 Calls
HPQ Weekly $17-16 Puts
Extended Watchlist:
OZSC, INQD, BBRW, KNOS, ITOX, TTCM, BGFV