Monday’s Movers:
We started the week off on solid footing, while still dealing with a low period for big earnings reporters. We fashioned a pair of ideas for yesterday’s premarket report, and they both produced positive results, on very different levels. We tend to stick with the SPY when there’s not a lot of earnings drops, and the potential gains we saw there yesterday demonstrates the reason for that.
Our designated ideas for Monday’s session were the SPY 06/30 $616-617 Calls, and the PRGS 07/18 $65-67.50 Calls. These were the biggest runs they recorded:
SPY 06/30 $616-617 Calls
$616: .51-3.19 (+525%)
$617: .24-2.21 (+821%)
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PRGS 07/18 $65-67.50 Calls
$65: 2.55-3.30 (+29%)
$67.50: 1.70-2.30 (+35%)
Fresh Options Ideas:
SPY 07/01 $615-616 Calls*
MSM 07/18 $85 Calls
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
BGLC, OGEN, VVOS, CLRO, WOLF, GPUS, BMNR, TRNR, ATAI, ARBK