Friday we saw that come to pass, and the rebound that accompanied it was very impressive indeed. The stock saw a low of .64 before running as high as 1.96, carving out a 206% path and streaking up toward the massive gap that still waits to be filled.
We’re going to continue to monitor this play in the event that it fills the gap, which occupies a range of more than a dollar, and would boost our observed gains by even further.
Yum China Holdings, Inc. YUMC
We targeting some options contracts in the YUMC chain on Friday following the company’s Q2 earnings beat, selecting the YUMC 08/17 $37.50-42.50 Calls
for observation. While we didn’t get multi-bag moves, the gains that were available were still noteworthy.
$37.50 Calls – Range: 1.10-1.70 – Max Gain: 126%
$40 Calls – Range: .55-.80 – Max Gain: 1566%
$42.50 Calls – Range: .23-.35– Max Gain: 407%
Caterpillar, Inc. CAT Weekly $145-149 Calls
NVRO, TNXP, CDMO, BLMN, FDC