The stock subsequently experienced a low of .64 and while it had already made significant headway as of yesterday morning, the session brought even more impressive gains our way.
We mentioned it could move to fill its gap on the chart and it did so. The stock traded in a daily range from 1.72 to a new high of 3.00. That works out to an intraday run of 74% and represented a total increase of 369% from our observed low in just two weeks!
Advanced Micro Devices AMD
We recently had great success with some AMD options plays, a stock that we often use for that purpose, but didn’t talk much about the real story, which is the stock’s incredible rise this spring and summer.
We talk about AMD quite often in fact, with one of those alerts coming several months ago on April 26th. Since then, the stock has essentially done very little other than bull its way to impressive new highs. Subsequent to that April alert, it was trading at lows of 10.61 and it never looked back. The stock reached new highs of 20.18, a 90% increase. It’s rare to see such a big stock make a double but AMD has certainly gotten close over the past few months of activity.
Extended Watchlist: HYRE, CGNX, ABIO, SPWR, GST, I
It’s been just under a couple of weeks since we slated SSLJ as a play to watch for a bottom; it was the Tuesday before lastthat we mentioned we’d have an eye on the declining stock that appeared to be ready to reverse at any time.
Friday we saw that come to pass, and the rebound that accompanied it was very impressive indeed. The stock saw a low of .64 before running as high as 1.96, carving out a 206% path and streaking up toward the massive gap that still waits to be filled.
We’re going to continue to monitor this play in the event that it fills the gap, which occupies a range of more than a dollar, and would boost our observed gains by even further.
Yum China Holdings, Inc. YUMC
We targeting some options contracts in the YUMC chain on Friday following the company’s Q2 earnings beat, selecting the YUMC 08/17 $37.50-42.50 Calls
for observation. While we didn’t get multi-bag moves, the gains that were available were still noteworthy.
$37.50 Calls – Range: 1.10-1.70 – Max Gain: 126% $40 Calls – Range: .55-.80 – Max Gain: 1566% $42.50 Calls – Range: .23-.35– Max Gain: 407%
Fresh Idea: Caterpillar, Inc. CAT Weekly $145-149 Calls
We included a trio of options ideas in yesterday morning’s premarket report, and with the type of consistent success we have had in the options trading area recently, it should come as no surprise to any of our readers that we scored the hat track.
We’re in the thick of Q2 earnings season, with big name companies reporting left and right. We will continue to milk this cow for as long as possible. Take a look at the single-session gains that were available in yesterday’s watchlist, and read on to get some fresh ideas to close out the week.
Our first order of business today is to swing back around for our fresh Coke options trading idea from yesterday morning. We knocked it out of the park once again, adding to a long train of recent successes with options ideas, particularly those related to big time earnings beats.
We called for tracking the KO Weekly $45-46 Calls and are pleased to report that big gains were available throughout the entire range.
$45 Calls – Range: .83-1.56 – Max Gain: 88% $45.50 Calls – Range: .44-1.08 – Max Gain: 230% $46 Calls – Range: .18-.63 – Max Gain: 288%
We cast a wide net with a whole slew of options ideas yesterday morning, more than half of which turned out to be solid movers on the day.
We’ve been hitting the options pretty hard lately because it has continued to provide quality intraday opportunities for us, and we continued that trend with these calls, which exhibited the following moves:
VZ Weekly $51-52.50 Calls $51: .50-1.17 (+134%) $52: .22-.60 (+173%) $52.50: .14-.42 (+200%)