Midweek Options Recaps:
We offered up a pair of short term and a pair of longer term ideas in our premarket report yesterday, and as is pretty typical, we saw some good movement out of the weekly plays, and not so much instant gratification from those that expire next month. We usually gravitate to those kind of ideas during earnings low periods, and we certainly have been short on big name reporters this week. But we’ll continue to monitor those interests into October, and keep trying to point out whatever looks best to us on a daily basis.
As for yesterday’s weekly plays, which were the CBRL Weekly $70-75 Calls and the BUR Weekly $17.50-15 Puts, we observed the following intraday trading activity and gain potential:
CBRL Weekly $70-75 Calls
$70: 3.00-4.20 (+40%)
$75: 1.09-2.66 (+144%)
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BUR Weekly $17.50-15 Puts
$17.50: 1.63-1.93 (+18%)
$15: .05-.10 (+100%)
Fresh Options:
SMTC Weekly $22-23 Calls
SPY 09/14 $447-448 Calls
BABA Weekly $87-89 Calls
Extended Watchlist:
AVTX, FWBI, GMBL, RNAZ, KITT, NVOS, NAVB, NLST, YCRM, CNBX