Each day this week, we’ve recapped some options trading success, along with generating a fresh idea. Our streak of success continued yesterday morning, as we brought yet another new set of options ideas to the table, and once again, were met with solid single-session success.
We targeted the DAL Weekly $49.50-51.50 Calls after a solid beat on earnings, and are pleased to report that every single contract contained within that selected range produced multi-bag gains, as it has been with our other earnings related ideas from both this and last week.
$49.50 Calls – Range: .42-1.85 – Max Gain: 340%
$50 Calls – Range: .23-1.40 – Max Gain: 509%
$50.50 Calls – Range: .13-1.00 – Max Gain: 669%
$51 Calls – Range: .08-.67 – Max Gain: 738%
$51.50 Calls – Range: .03-.40 – Max Gain: 1233%
Fresh Idea :
Wells Fargo & Co. WFC $56.50-54.50 Puts
Genesis Healthcare, Inc. GEN – Bottom Watch
We would like to place GEN on bottom watch this morning, after taking notice of the chart setup on our routine scan this morning.
As you can see from the included snapshot, we have a number of factors contributing to the stock’s attractive bottom setup. The stock has been falling sharply all week, cruising down toward its 200DMA at an alarming rate. Additionally, we have a MACD which is exhibiting unsustainable downward divergence, and an RSI indicating the stock has just entered extremely oversold territory.
This is exactly the sort of setup we look for in potential bottom bounce plays, and we’re going to slot GEN for observation in coming sessions to be ready for that eventuality.
GLMD, BIOC, MEIP, CPRX, ABIL, ADXS, GOGO BLIN,