Nordstrom Inc JWN
The first thing we want to talk about this morning is the performance of JWN on Friday following its inclusion in our premarket report. We zeroed in on the JWN Weekly $52.50-57.50 Calls for some end of the week daytrading opportunities, and came up with some really nice movers.
Strong multibag moves were there for the taking all across the board, helped out by the company’s Q2 revenues which easily surpassed expectations on the Street with the aid of a boost in sales.
$52.50 Calls – Range: 3.00-6.60 – Max Gain: 120%
$55 Calls – Range: 1.12-4.20 – Max Gain: 275%
$57.50 Calls – Range: .19-1.69 – Max Gain: 789%
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Canopy Growth Corp. CGC
For another update, we want to track back to our idea from Wednesday morning’s premarket report, the CGC 09/21 $30-40 Calls.
The stock achieved new highs on Friday, and thus our highlighted options calls continued to pile on more gains as well. Here’s the ranges and total possible profits on those contracts so far:
$30 Calls – Range: 1.76-4.50 – Max Gain: 156%
$35 Calls – Range: .56-2.00 – Max Gain: 257%
$40 Calls – Range: .16-.72 – Max Gain: 350%
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Tyson Foods Inc. TSN – Review
A couple of weeks ago on August 6th, we signaled a range of TSN calls as the stock was just coming off of a bottom in the mid-$50 range. Those were the TSN 08/31 $62-63 Calls, and after a solid stretch of upward momentum, the stock reached new highs on Friday at $62.60.
That move has allowed for big gain chances in two out of three of our designated calls. The $63’s haven’t quite begun to see action just yet, but we’ve seen great moves from the $62’s, which ran from .30-.95 (+217%) and the $62.50’s which traded up from .22 to .61 (+177%)
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Fresh Idea:
SPY 08/20 $284.50-286 Calls
Seven Stars Cloud Group Inc SSC
We slated SSC for observation on July 24th and the stock traded as low as 1.95 following that mention. This morning we are seeing an abnormal gap up, with the stock trading as high as 5.30 in the premarket.
So, in addition to the 172% move we have witnessed thus far, we will be on the lookout for a dip-and-rip to possibly see even more gains out of this play.
Extended Watchlist:
BV, ABIL, PPDF, LKM, CBPO, TIS, RSLS, SSKN, CMCM