Friday Options Recap:
It was a little bit of a subdued finish to what was an otherwise fairly exciting week of trading on Friday. We had a limited slate of earnings reporters on the day, but still formed a few ideas that managed to make some early moves. The percentage gains weren’t quite on a level that would get us overexcited, but all contracts involved did make reasonable moves, with one lone exception.
Those ideas that we were tracking were the SPB 05/19 $65-70 Calls, the TSLA Weekly $175-177.50 Calls, and the SPY 05/12 $412.50-413 Calls. Here’s how their early positive movement played out in terms of total possible gains for quick traders:
SPB 05/19 $65-70 Calls
$70: .83-1.69 (+104%)
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TSLA Weekly $175-177.50 Calls
$175: .36-.60 (+67%)
$177.50: .38-.62 (+63%)
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SPY 05/12 $412.50-413 Calls
$412.50: .20-.36 (+80%)
$413: .13-.24 (+85%)
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We’ve also been tracking the IFF 05/19 $95-90 Puts since our report from this past Tuesday the 9th, and IFF continued to decline all week, leading to some really nice new highs in those targets:
IFF 05/19 $95-90 Puts
$95: 2.90-12.10 (+317%)
$90: 1.79-7.20 (+302%)
Fresh Options Ideas:
SPY 05/15 $411-412 Calls*
MNDY Weekly $145-155 Calls
SHAK Weekly $66-67 Calls
NRG 06/16 $33-34 Calls
*Trading contracts on their day of expiration should only be attempted by experienced options traders
Extended Watchlist:
SIRI, WISZ, MGOL, ALGS, OMH, LMFA, SRPT, AABB, GMPW, SEII, HDUP