Final 09/22 SPY Calls Review:
As we were just mentioning yesterday morning, our tag of the SPY 09/22 $436-438 Calls in Tuesday’s premarket report, provided us with some very nice opportunities. We reported Tuesday’s gains on these contracts that expired yesterday afternoon, and cautioned that they could very well register new highs before the end of the day. That’s precisely what occurred, as the S&P made sharp advances right from the opening bell.
Slightly larger gains could have been available intraday if you *only* caught yesterday’s report, but the following figures represent the largest possible gains for those who may have taken an interest on the previous morning of our initial alert:
SPY 09/22 $436-438 Calls
$436: 1.51-4.18 (+177%)
$437: 1.15-3.25 (+183%)
$438: .84-2.42 (+188%)
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We also had a pair of fresh options trading ideas in yesterday morning’s report, in the form of the SFIX Weekly $38-41 Calls and the GIS 10/15 $55-60 Calls. Both of those ideas returned instant gratification in the form of the following intraday moves:
SFIX Weekly $38-41 Calls
$38: 2.60-4.20 (+62%)
$39: 2.00-3.55 (+78%)
$40: 1.56-2.77 (+78%)
$41: 1.08-2.22 (+106%)
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GIS 10/15 $55-60 Calls
$55: 3.80-5.50 (+45%)
$57.50: 1.70-3.40 (+100%)
$60: .60-1.42 (+137%)
Fresh Options Ideas:
DRI 10/15 $155-160 Calls
ACN Weekly $337.50-342.50 Calls
Extended Watchlist:
TONR, PJET, TGGI, ETEK, CFGX, WDLF, EEGI, MRM, AMHC, RNAZ, DBGI, NURO, FEDU