Winning Options Review:
As is typical for a Monday morning around here, we’ll kick off this fresh trading week by going over our winning ideas for Friday’s session from the day’s premarket report, before moving into what’s interesting to us today.
The top movers for the day began with our targets in the Deere & Co. chain, the DE Weekly $357.50-362.50 Calls which were pushed by a strong Q2 showing for the company. That was followed closely by our SPY targets, the SPY 05/21 $415-417 Calls which yielded their large intraday moves in an afternoon rebound.
Here are the very respectable gain opportunities that arose as we tracked these plays:
DE Weekly $357.50-362.50 Calls
$357.50: 4.50-12.75 (+183%)
$360: 2.74-11.00 (+301%)
$362.50: 3.20-9.35 (+192%)
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SPY 05/21 $415-417 Calls
$415: .61-1.37 (+125%)
$416: .21-.61 (+190%)
$417: .05-.16 (+220%)
Peloton Interactive, Inc. PTON – Options Ideas:
We are fairly dry on the earnings front today, but we did notice a solid technical setup on PTON, along with some insider buying last week. We’ll look to formulate a shorter and longer-term set of corresponding targets.
Things are going to be slim with regard to the daily number of earnings reporters to choose from for quick-strike trading ideas for the next 8 weeks, but we’ll strive to find other opportunities like these.
PTON Weekly $101-103 Calls
PTON 06/11 $105-107 Calls
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Bonus Idea:
SPCE Weekly $24-25.50 Calls
Extended Watchlist:
ABMT, GRLF, EEGI, BDGR, MDCN, MJWL, GGII, PHBI, FBCD, PRDL, NSPT