Things worked out great that first day, with three sets of call contracts in that range ($114, $115, $116) yielding up gains ranging from 167%-235% AAPL continued to surge yesterday as it briefly breached the $119-mark, and as a result, those highs on our tracked calls were pushed significantly higher.
The $114 Calls, from Wednesday’s low of 2.23, managed to reach as high as 5.20, equal to an overnight increase of 133%
The $115 Calls saw their low at 1.58, and at the peak of yesterday’s session were trading for as much as 4.20. That marks a two-day jump of 166%
The $116 Calls overall move was also very impressive, ranging from 1.10-3.25, gains of up to 195% were made possible.
At the high end of our initial range of interest were the $117 Calls, which hit an early low of .45 yesterday, and subsequently touched a high of 2.35, registering as a single session move of 422% All in all, there was really no way to go wrong with our AAPL Calls this week following a big earnings beat by the tech giant.
Amazon.com, Inc. AMZN – Options
Speaking of exceeded expectations on earnings, AMZN smashed its previous two-quarter trend of losses by posting Q4 profits of $214M on just over $29B in sales. As a result, the stock spiked significantly, and continues to do so in this morning’s premarket. To take advantage of the resultant price action as we did with AAPL, we’ll be outlining some options ideas for AMZN as well.
For a possible intraday flip opportunities we’re looking at the Weekly $345 (Last traded: 1.49) and $350 Calls (Last traded: 1.24). For more of a longer-term interest, we’ll keep an eye on the 02/20 $350 Calls (Last traded: 3.25).
Extended Watchlist:
DECN, OPBL, PEII