Nike Inc. NKE
The first of two fresh options ideas submitted in our report in yesterday’s premarket, our NKE targets provided us with some good opportunities early on in the session.
It was the NKE Weekly $89-91 Calls, and despite low volume in the $90.50’s, the rest of those targets worked out just fine. Here are the total possible intraday gains that were on the table.
$89 Calls – Range: 1.69-2.69 – Max Gain: 59%
$89.50 Puts – Range: 1.32-2.06 – Max Gain: 56%
$90 Calls – Range: .99-1.77 – Max Gain: 79%
$91 Calls – Range: .55-1.10 – Max Gain: 100%
SPDR S&P500 (ETF) SPY
By now, our regular readers should know that the SPY is often our go-to target for on-the-fly options ideas. It’s a market analog that has rarely failed us in the past.
Yesterday’s idea of the SPY Weekly $296-297 Calls was no exception to this. Here are the single-session gins that were possible with these ideas.
$296 Calls – Range: 1.06-2.70 – Max Gain: 155%
$296.50 Puts – Range: .85-2.32 – Max Gain: 173%
$297 Calls – Range: .67-1.95 – Max Gain: 146%
The SPY is gapping up again this morning. We’d expect to see these gains extended, and will expand our track list to include the $297.50 and $298 Calls as well.
Fresh Options Ideas:
KBH Weekly 10/18 $32-33 Calls
Extended Watchlist:
PIRS, AREX, EYRN, DHT, STNG, GMO, VBIV