Ehang Holdings Ltd. EH – Recap:
Things have been cooling on the options front this week as we struggle through a period of extreme low numbers of daily earnings reporters. It’s the volatility following these earnings dumps that provides us with the big gain chances we’re always after.
We have been managing to find plays here and there, however, and one of our ideas from yesterday morning, the EH Weekly $40-45 Calls, did post some solid intraday gains for us. Out of our pair of designated targets, one achieved multibag status while the other fell just a couple of percentage points short.
Here are the total moves and possible profits on the session for those plays:
EH Weekly $40-45 Calls
$40: 3.98-7.90 (+98%)
$45: 2.34-4.80 (+105%)
Fresh Options Ideas:
We’ll be flipping bearish on ORCL today, and are also taking a longer-term look at SAGE, which has fallen off a cliff this week.
SAGE 08/20 $60-65 Calls
ORCL Weekly $79-77.50 Puts
Extended Watchlist:
DPLS, KATX, APTY, RSHN, VMCS, WDLF, EFIR, HYSR, SRNW, APRE, SPI, KIN, GTEC, FORD