Options Review, Trio of Possible Targets

Tuesday’s Runners:

We’re back this morning after an unplanned absence yesterday. We made good on our effort to sweep the board on Tuesday’s options ideas, so we’ll highlight what those did on that day before we poke around for some fresh plays for today. We managed to put together a list of four solid possibilities in our premarket report from Tuesday, and they all ran pretty well.

They were the SPY 09/15 $760 Puts, the FPS Weekly $30 Calls, the TCOM Weekly $40 Calls, and the BAC Weekly $60 Puts These were the best runs they logged on Tuesday::

SPY 09/15 $760 Puts
$760:
 1.08-3.96 (+267%)
_____

FPS Weekly $30 Calls
$30:
 1.13-3.66 (+224%)
_____

TCOM Weekly $40 Calls
$40:
 .95-1.42 (+49%)
_____

BAC Weekly $60 Puts 
$60: .69-1.42 (+106%)


Fresh Options Ideas:
SPY 09/17 $761-763 Calls*
LEN Weekly $78 Puts
SPCX Weekly $152.50-155 Calls

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
AXTI, ARQT, FPS, SMTC, CIFR, LITE, BRKR, AMRX

More Winning Options Plays

More Options Recaps

If it seems like we spend a lot of time going over options plays we’ve highlighted, it’s because our ideas are constantly turning in incredible performances.

Yesterday, after going over some prior wins, we offered up ideas for PLCE and CHWY, and sure enough, those were solid movers too. The following opportunities were there for the taking in those plays:

PLCE Weekly $61-59 Puts 
$17 Puts – Range: 4.35-7.10 – Max Gain: 63%
$16 Puts – Range: 2.35-6.70 – Max Gain: 185%
$15 Puts – Range: 2.30-5.20 – Max Gain: 126%

CHWY Weekly $25.50-26 Calls
$25.50 Calls
 – Range: 1.05-2.13 – Max Gain: 103%
$26 Calls – Range: .80-1.64 – Max Gain: 105%


Fresh Options Idea: 

We’re going to place the Lumber Liquidator Holdings, Inc. LL Weekly $9.50-10 Calls on watch, with the express understanding that if the stock manages to breach its 200DMA of 10.20, that we will want to roll up to include the $10.50’s as well.


Extended Watchlist:
LMPX, AMRX, RTTR, JAGX, CIEN

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