Wednesday in Review:
Things played rather well yesterday for the pair of potential options targets we included in our daily premarket report, There was positive activity in both plays, but as is common, our SPY targets provided the most juice. We’re pleased to have a couple of big earnings reports out today, finally, as we’ve been scraping the barrel for interesting targets for at least a couple weeks now.
As for yesterday’s activity, we had the SPY 07/09 $621-622 Calls and the CAG Weekly $20.50-21 Calls on watch, and here were the biggest runs from those contract sets on the day:
SPY 07/09 $621-622 Calls
$621: 1.05-3.25 (+210%)
$622: .61-2.25 (+269%)
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CAG Weekly $20.50-21 Calls
$20.50: .35-.50 (+43%)
$21: .20-.31 (+55%)
Fresh Options Ideas:
SPY 07/10 $624 Calls*
DAL Weekly $56-58 Calls
AZZ 07/18 $105 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
BTCM, DALN, STKH, SAFX, KLG, GIBO, CGTX, MP, AIRI, IGC, KLTO