Tag: SPY

Another Flawless Day for Options

Thursday’s Options Recap:

We try extremely hard to bring quality content to our free newsletters each and every trading day, and while some are better than others in terms of our accuracy, it’s always nice to be able to report another perfect run!

We offered up two quick-hit options trading ideas in yesterday morning’s premarket report, the SIG Weekly $64-66 Calls, and the RH Weekly $657.50-665 Calls, and we saw some very nice intraday moves and profit potential as a result. Here are the daily figures on those targets:

SIG Weekly $64-66 Calls 
$64: 3.73-6.30 (+69%)
$64.50: 2.84-5.72 (+101%)
$65: 2.72-8.91 (+228%)
$65.50: 1.99-4.50 (+126%)
$66: 1.40-3.81 (+172%)
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RH Weekly $657.50-665 Calls
$657.50: 39.60-56.20 (+42%)
$660: 27.50-52.18 (+90%)
$662.50: 26.82-49.80 (+86%)
$665: 24.20-45.40 (+88%)
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Fresh Options Ideas: 
SPY 06/11 $422.50-424 Calls*
PLAY Weekly $45-46.50 Calls* 

*Please be advised that trading ‘weekly’ options contracts on a Friday carries an elevated risk, and should only be attempted by seasoned traders!

Extended Watchlist:
ASAN, GOFF, GVSI, APTY, RGBP, SGMD, ATAO, SFPI, PBYA, AMST, NOVN, GBS, GRAY, PGEN

Big-Time Options Scores, Fresh Ideas

Clean Sweep on Daily Options Ideas: 

It’s a simple truth that no one can be right on every hunch every time, so when we formulate a large group of quick-strike ideas, it’s always nice when we can hit on each and every play.

Such was the case with yesterday morning’s premarket report, in which we offered our ideas on four separate options chains. We went four for four with the DKS Weekly $88-91 Calls, the URBN Weekly $37-39 Calls, the ANF Weekly $39-40.50 Calls, and the SPY 05/26 $418-420 Calls. All the way down the line, we saw significant intraday runs.

These were the ranges and total possible intraday gains available in those targets:

DKS Weekly $88-91 Calls 
$88: 4.13-10.66 (+158%)
$88.50: 3.78-11.64 (+208%)
$90: 2.00-10.00 (+400%)
$91: 1.95-8.65 (+344%)
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URBN Weekly $37-39 Calls
$37: 2.74-3.70 (+35%)
$37.50: 1.31-3.01 (+130%)
$38: 1.60-2.60 (+62%)
$38.50: .95-2.20 (+132%)
$39: .80-2.50 (+212%)
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ANF Weekly $39-40.50 Calls
$39: 2.99-4.45 (+49%)
$39.50: 1.68-4.08 (+143%)
$40: 1.17-3.80 (+225%)
$40.50: 1.29-3.22 (+150%)
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SPY 05/26 $418-420 Calls 
$418: .87-1.75 (+101%)
$419: .45-.92 (+104%)
$420: .19-.41 (+116%)

Fresh Options Ideas:
BBY Weekly $117-119 Calls
DG Weekly $197.50-202.50 Calls
WSM 06/18 $175-180 Calls

Extended Watchlist:
IDRR, GEGI, EEGI, EVIO, NSPT, TGGI, TVTX, LOTZ

Retail Earnings Opportunities

Cracker Barrel Old Country Store, Inc. CBRL – Recap: 

This morning we’re updating readers on the fresh options idea from yesterday. Just to give a heads up, this idea appeared in our report yesterday as Weekly calls, which was in error. The next expiration date on any existing CBRL options is June 18th, so we’re talking about the CBRL 06/18 $155-165 Calls.

Those fared quite well on the day despite three weeks remaining until their expiry. Here are the intraday gains they recorded:

CBRL 06/18 $155-165 Calls 
$155: 4.40-6.68 (+52%)
$160: 2.45-4.40 (+80%)
$165: 1.25-2.40 (+92%)

Based on premarket activity this morning, it appears as if CBRL may be preparing to gap up, and as a result we may see further advances in these contract sets. We’re going to want to continue to monitor their activity into June 18th.

Fresh Options Ideas:

Despite a general decrease in the number of daily earnings reporters, we’ve got a fair few retail giants dropping figures this morning, and we’ll venture a target for the SPY as well.

URBN Weekly $37-39 Calls
ANF Weekly $39-40.50 Calls
DKS Weekly $88-91 Calls 
SPY 05/26 $418-420 Calls 

Extended Watchlist:
AAPT, SBFM, UPIN, BRYYF, GEGP, CYBL, MNGG, MDCN, XREG