Lululemon Athletica, Inc. LULU
LULU was our options trading target yesterday as we noticed the stock gapping down more than 10% in the premarket on an ill-received earnings report.
The idea we had was to track each set of contracts within the range of LULU Weekly $47-44.50 Puts for possible intraday swing-trade opportunities. It ultimately turned out to be an awesome call, with blockbuster moves being produced by every single set we’d highlighted.
$47 Puts – Trading Range: .19-2.01 – Max Gain: 958%
$46.50 Puts – Trading Range: .13-1.59 – Max Gain: 1123%
$46 Puts – Trading Range: .09-1.25 – Max Gain: 1288%
$45.50 Puts – Trading Range: .10-.94 – Max Gain: 840%
$45 Puts – Trading Range: .05-.75 – Max Gain: 1400%
$44.50 Puts – Trading Range: .05-.52 – Max Gain: 940%
Perhaps the most astonishing thing is that single-session gains of this magnitude have become commonplace for our options ideas, as anyone who has followed our reports for awhile can attest. It’s the primary reason behind our shift over the last couple of years as we’ve moved to split our focus between what we like to call quick-strike options trading, and securities trading. The integration of options trading has opened up a lot of doors for us on a consistent basis, and we expect that trend to continue indefinitely.
Premier Biomedical, Inc. BIEI
We had just finished commenting on the big moves BIEI has been making in yesterday morning’s report, and once again the stock pushed to new highs in what amounted to a very bullish session.
So after witnessing a 121% run from .015-.0334 on Tuesday, we were treated to another big intraday pop as BIEI ran from .0305 to .0529; a solid 73%
We also put together a video illustrating various facets of the BIEI chart:
USA Restaurant Funding, Inc. USAR
USAR was tagged in yesterday’s premarket report on our extended watchlist, and it too produced a significant move on the day, gradually ramping up throughout the course of the afternoon and running into the close.
From a low of .0015 the stock fell just a tick shy of a double-bagger, reaching a new 52-week high of .0029. It marked an intraday performance that allowed maximum gains of up to 93%
Extended Watchlist:
MHRC, MDBX, BBRD, BCCI, CGRA, NUVI