GS, PEP Options Breakout:
With the earnings drought just days away from finally ending, we still have been managing to seek out winning plays. As we’ve said, next week begins a torrential outpouring of quarterly reporters on the order of dozens, if not hundreds per day!
We got back on the track of options perfection yesterday, with both of our fresh ideas in our premarket report yielding stellar intraday chances to profit. We had selected the GS Weekly $380-385 Calls and the PEP Weekly $149-152.50 Calls following Goldman Sachs and Pepsi’s earnings releases.
Despite an up-and-down sort of a session for the markets at large, we witnessed some serious multibag moves from every single contract we slated for observation. Here are the total possible gains that traders could have logged on the strength of those ideas:
GS Weekly $380-385 Calls
$380: 1.64-4.69 (+186%)
$382.50: 1.19-3.68 (+209%)
$385: .85-2.89 (+240%)
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PEP Weekly $149-152.50 Calls
$149: 2.20-4.95 (+125%)
$150: 1.50-4.00 (+167%)
$152.50: .43-1.73 (+302%)
Fresh Options Ideas:
SPY 07/14 $436-437 Calls*
C Weekly $69-70 Calls
*Please be aware that these SPY Calls will expire at the end of the trading day. Trading options on the day of their expiration is a high-risk/high-reward proposition that should only be undertaken by experienced traders!
Extended Watchlist:
OXBR, XELA, JZXN, MINM, CTIB, DTSS, RMRK, CYBL, BLEG, MSAV, BTDG, CRSM