Three Favorite Call Option Plays

Posted by Joe Duffy | Jun 15, 2023 | Joe Duffy's Trading Advantage | 0 |

On Tuesday morning I said my three favorite call option plays were SBUX, LVS, and PEP in that order. SBUX stock was up almost 3% from Tuesday open till Wednesday high and closed 2% higher— plenty of opportunity in the options there. LVS also rose nicely, but most of the gain was a gap higher Tuesday, so right idea for sure, just less opportunity because of the gap up.

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PEP opened $182 Tuesday, almost touched $181 and closed Wednesday $183.20 with a high of $183.60. Not nearly as good as SBUX, but a win nonetheless. I am ambivalent on price action going into the end of week. Not chasing anything. Get in, get out, move on type of market.

Thanks,

Joe

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Joe Duffy

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