No Shortage of Good Options Plays

A Successful Tuesday Slate: 

We kept things trending in a good direction with the options ideas we signaled in our premarket report yesterday morning, offering up our best shots with a slate of four potential targets for our readers. With the exception of one single contract set in one of those designated ranges, we saw appreciable intraday movement and gain chances in every case.

Those targets were the BABA 01/20 $111-113 Calls, the FRO 01/20 $13-14 Calls, the ACI 01/20 $20-21 Calls, and the PSMT 01/20 $60-65 Calls. The potential profits on those ranged from nominal with the ACI targets, to extremely impressive, in the case of FRO. Here’s how all of those ideas came through for us:

BABA 01/20 $111-113 Calls
$111: 
2.97-5.45 (+84%)
$112: 2.49-4.80 (+93%)
$113: 2.05-4.15 (+102%)
_____

FRO 01/20 $13-14 Calls
$13: 
.63-1.75 (+178%)
$14: .20-.97 (+385%)
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ACI 01/20 $20-21 Calls
$20: 
1.00-1.30 (+30%)
$21: .24-.40 (+75%)
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PSMT 01/20 $60-65 Calls
$65: 
1.00-3.61 (+261%)


Fresh Options Ideas:
KBH 01/20 $34-35 Calls
SPY 01/11 $391-392 Calls*

TSLA Weekly $120-122 Calls
BBBY Weekly $2.50 Calls 

*Trading options on their day of expiration is typically a higher risk/reward situation, and should only be attempted by experienced traders


Extended Watchlist:
CLGCF, CLVSQ, TUEM, KNOS, FRFR, STRY, KGKG, TLSS, NEWH, BIOR, BWEN, LIPO, BBBY, HEPA, LASE