Another Pair of Options Bangers, Fresh Plays

Big Time Options Runners:

Yesterday was a very interesting day on the markets, as the Fed Meeting predictably threw an element of extreme volatility into the mix that typically helps swing traders such as ourselves and most of our readers. The activity sent the SPY 09/21 $386-385 Puts, which we signaled for observation on Tuesday morning, into an absolute frenzy of multibag movement.

We also had signaled a longer-term set of calls in the GIS 10/21 $77.50-80 Calls, yesterday morning, and General Mills bucked the trend so heavily that we didn’t even have to wait days or weeks for the idea to mature, as is often the case with our signals that have expiration dates weeks or months into the future. Those too made excellent moves during what turned out to be a very exciting trading day.

SPY 09/21 $386-385 Puts
$386:
 .73-9.03 (+1137%)
$385: .50-7.98 (+1496%)
_____

GIS 10/21 $77.50-80 Calls
$77.50:
 1.60-4.40 (+175%)
$80: .62-2.50 (+303%)


Fresh Options:
LEN Weekly $75-76 Calls
TCOM 10/21 $25-26 Calls
DRI 10/21 $125 Puts

PLUG 10/21 $25-26 Calls


Extended Watchlist:
SPRO, AVCT, BEAT, VRAX, MOHO, NYAX, PSTV, GTVI, NUGN, GTII

Looking to the SPY Amid Earnings Drought

Leaning on the SPY:

We started off the fresh trading week yesterday on fairly decent footing. We formulated a batch of three options ideas in yesterday morning’s premarket report, a couple of quick-strike plays and a longer-term idea. Both of the near-term targets looked pretty good for us on the day.

Those plays were the SPY 09/19 $385-383 Puts and the TTWO Weekly $119-121 Calls , with the latter producing larger gain opportunities by a fairly large margin as you can see here. We’re going to stick with the strategy of going bearish on the SPY once again today with a fresh target range that you can find below. We may find ourselves looking to the SPY more and more as the present earnings dry period persists.

SPY 09/19 $385-383 Puts
$385: .70-2.00 (+186%)
$384: .50-1.46 (+192%)
$383: .34-1.02 (+200%)
_____

TTWO Weekly $119-121 Calls
$119: 
3.50-4.00 (+17%)
$120: 3.40-5.23 (+54%)
$121: 2.40-3.50 (+46%)


Fresh Options Ideas:
SPY 09/21 $386-385 Puts
APOG 10/21 $40-45 Calls
GIII 10/21 $15-17.50 Calls


Extended Watchlist:
VRAX, MGAM, RCOR, INSW, CYDVF, BERI, BRLL, GOCOF, ATMH

Massively Successful Options Plays

Crushing it on Earnings Plays:

We have been offering up a greater-than-usual number of potential options plays with each daily newsletter of late, due to the extremely elevated amount of big name earnings reporters that have been dropping figures. We definitely took advantage of earnings season on Friday, when we put forth a half dozen ideas, all of which made multibag gains for us! Things couldn’t have gone any better for us to wrap up what had already been a great trading week.

As we kick off this fresh week of options opportunities we’ll start by going over those winning selections for Friday, which were the XOM Weekly $94-95 Calls, the CVX Weekly $150-155 Calls, the AAPL Weekly $160-162.50 Calls, the PG Weekly $145-143 Puts, the SPY 07/29 $407-408 Calls,and the AMZN Weekly $133-136 Calls. As we said, they all yielded a shot at double baggers or better, and those gains were as follows:

XOM Weekly $94-95 Calls
$94: 
.84-3.50 (+317%)
$95: .34-2.57 (+656%)
_____

CVX Weekly $150-155 Calls
$150: 
5.71-14.50 (+154%)
$152.50: 3.64-12.01 (+230%)
$155: 1.48-9.64 (+551%)
_____

AAPL Weekly $160-162.50 Calls
$160: 
.82-3.71 (+352%)
$162.50: .20-1.54 (+670%)
_____

PG Weekly $145-143 Puts
$145: 
3.00-6.32 (+111%)
$144: 2.10-5.52 (+163%)
$143: 1.52-4.62 (+204%)
_____

SPY 07/29 $407-408 Calls
$407: 
1.28-5.37 (+320%)
$408: 1.07-5.00 (+367%)
_____

AMZN Weekly $133-136 Calls

$133: 1.29-4.75 (+268%)
$134: .90-3.85 (+327%)
$135: .60-3.02 (+403%)
$136: .40-2.30 (+475%)


Fresh Options Ideas:
BLDR 08/19 $70-75 Calls
CHKP Weekly $125-120 Puts
ON Weekly $64-62 Puts
HSBC Weekly $33-34 Calls


Extended Watchlist: 
GOVX, MGAM, VRAX, TBLT, AEMD, CYAD, NRXP, RMO, MAIA, SKFG, WLAN, TGHI, EMGE, NUGN