Options Reviews:
In an extremely rare occurrence, neither of the targets we were looking at in yesterday’s report turned in worthwhile performances on the day. We really can’t recall the last time that happened, if ever, but as we always say, nobody can win them all. Instead of reviewing those, we have updates on a handful of longer term plays that we’ve recently flagged.
We initially selected the PDCO 07/21 $31-33 Calls in our report on June 21st, the KBH 07/21 $50 Puts in the following day’s report, and the PAYX 07/21 $110-115 Calls on the morning of June 29th. Here are the figures on the upswings and new highs we’ve seen from these plays this week.
PDCO 07/21 $31-33 Calls
$31: .15-2.35 (+1467%)
$32: .10-1.50 (+1400%)
$33: .15-.85 (+467%)
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KBH 07/21 $50 Puts
$50: .08-2.05 (+2462%)
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PAYX 07/21 $110-115 Calls
$110: 1.76-4.40 (+150%)
$115: .30-1.17 (+290%)
Fresh Options Ideas:
BABA Weekly $85-87 Calls*
RIVN Weekly $21.50-22.50 Calls*
LEVI 07/21 $14-13 Puts
SNOW 08/04 $170-165 Puts
*Trading options contracts on their day of expiration should only be attempted by experienced traders
Extended Watchlist:
GRRR, PWM, TTOO, ZVSA, TOP, CSTL, BJDX, NUZE, ECGR