We submitted two separate options trading ideas in yesterday morning’s premarket report, the first of which being the AAPL Weekly $160-162.50 Calls. It’s beeen quite some time since we played with the AAPL chain, but it is the stock that originally brought us into the fold of options day and swing trading that we’ve adopted as one of our main functions.
It came as no surprise when the Fed announced no interest rate hike yesterday that the markets responded bullishly and allowed for some very nice multi-bag moves on our designated targets.
$160 Calls – Range: 2.14-6.32 – Max Gain: 195%
$162.50 Calls – Range: 1.05-4.19 – Max Gain: 299%
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SPDR S&P 500 ETF (SPY) – Recap
Our second set of options ideas from yesterday were the SPY Weekly $264-265.50 Calls, and of course, those also fared well with the SPY being an excellent market analog, and another well that we revisit on a regular basis for short term options plays.
The gains on our highlighted contracts were even more impressive in this case, with each and every strike point returning potential gains ranging from 343-598% in a single session.
$264 Calls – Range: 1.07-4.74 – Max Gain: 343%
$264.50 Calls – Range: .82-4.03 – Max Gain: 385%
$265 Calls – Range: .59-3.50 – Max Gain: 493%
$265.50 Calls – Range: .43-3.00 – Max Gain: 598%
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Fresh Options Ideas:
UPS Weekly $104-107 Calls
MA Weekly $207.50-217.50 Calls
Extended Watchlist:
YRCW, PTIE, TEX, FRED, GERN, GOL, GE. APRN, BIOC, EGO