If you’ve been following our reports for awhile now, at this point you’ve realized that we provide really great short-term options trading ideas on a regular basis, and this week was certainly no exception.
Out of four separate fresh trading ideas we formulated in yesterday’s report, all four proved to be big winners, with the help of another solid day of bullish activity for the markets as a whole.
Here’s what we were tracking, and the total possible gains that traders could have netted as a result:
SPY Weekly $290-292 Calls $290 Calls – Range: 1.85-3.50 – Max Gain: 89% $290.50 Calls – Range: 1.60-3.00 – Max Gain: 88% $291 Calls – Range:1.25-2.60 – Max Gain: 108% $291.50 Calls – Range: .98-2.15 – Max Gain: 119% $292 Calls – Range: .78-1.78 – Max Gain: 128%
BURL Weekly $187.50-192.50 Calls
$187.50 Calls – Range: 10.22-17.80 – Max Gain: 74% $190 Calls – Range: 8.02-15.90 – Max Gain: 98% $192.50 Calls – Range: 6.00-13.40 – Max Gain: 123% _____
DG Weekly $150-152.50 Calls
$150 Calls – Range: .90-7.10 – Max Gain: 689% $152.50 Calls – Range: .54-4.98 – Max Gain: 822%
NTNX Weekly $23-24 Calls
$23 Calls – Range: 1.20-2.92 – Max Gain: 143% $23.50 Calls – Range: 1.25-2.52 – Max Gain: 102% $24 Calls – Range: .70-2.06 – Max Gain: 194%
MORE FRESH IDEAS:
BIG 09/20 $25-27.50 Calls
ULTA Weekly $265-260 Puts
Fang Holdings Ltd. SFUN
We also want to throw in a quick highlight of SFUN, which we caught off of the earnings calendar this morning, in a pretty solid bottom-bounce setup. The stock’s coming off of annual lows registered earlier this month, and showing good momentum.
The earnings report was a mixed bag, with perhaps a main highlight being a 290% in revenue from the company’s lead generation services. We are mostly interested in tracking SFUN from a technical standpoint. The upside potential is certainly there.
Thanks to a solid day for the markets yesterday, the successful options idea we dropped for the SPY on Monday morning turned in yet another huge day of potential profits. We had signaled the SPY Weekly $287-288.50 Calls as our first idea of the week, and it has been one of the best ones of the year in terms of percentage gains, already having produced intraweek ranges of up to 4000%
Each of the four contract sets in our highlighted range produced further multi-bag intraday rips of the following magnitude yesterday:
$287 Calls – Range: .43-2.04 – Max Gain: 374% $287.50 Calls – Range: .32-1.58 – Max Gain: 316% $288 Calls – Range: .20-1.46 – Max Gain: 630% $288.50 Calls – Range: .16-1.01 – Max Gain: 531%
We will also be watching the SPY Weekly $290-292 Calls in the event that the current momentum of the markets carries through to the end of the week.
With things looking choppy for the markets this morning, we are going to turn to a bearish idea for ADSK despite the company’s beat on Q2 earnings yesterday after market hours. The stock began to crumble under the weight of ADSK’s weak Q3 guidance. The poor outlook given, combined with the flow of market tides, could be just the thing for bearish options contracts, namely the ADSK Weekly $135-132 Puts.
There are those of the belief that ADSK stock was already valued too high leading into yesterday’s report, which is why we feel confident choosing to go short at the present time.
TIF Weekly $82-79 Puts
The Buckle, Inc. BKE – Update
We would also like to update readers on another recent idea we floated. On Friday morning, we selected the BKE 09/20 $17.50-20 Calls for a longer-term options idea, and already it has borne fruit just a few sessions later.
The $17.50 Calls have run from a low of .95 and reached 2.31, marking a gain of 143% Meanwhile the $20’s have soared by an even higher margin, trading in a range from .20 up to .72, which works out to a 260% run.
We have got a very brief update for today’s newsletter concerning our fresh options trading idea from yesterday morning in the SPY Chain. We cautioned readers that after Friday’s market sell-off, we looked to be in line for a ‘dead-cat bounce’ for stocks, and that is exactly what occurred.
Our idea was to track the SPY Weekly $287-288.50 Calls as the markets reversed, and not only did we get the rebound we were after, but the gains persisted throughout the entirety of the session.
That made for some truly spectacular profit possibilities, especially the $288 Calls, which produced an epic intraday upswing:
Fresh Options Idea:
Speaking of the market sell-off, it appears as if we may experience a dead-cat bounce today, and we will will have some SPY ideas ready for that possibility. We’ll track the
SPY Weekly $287-288.50 Calls to kick things off this week.
PaperFree Medical Solutions, Inc. PFMSWe also want to provide a brief recap of a solid OTC call we had from earlier last week. We placed PFMS on watch in our premarket report on Tuesday, and the stock has posted quite a move over the ensuing four sessions.
From a low of .0029 on Tuesday, PFMS shot up to a new high of .0071 on Friday, marking an impressive intraweek swing of 145% With that kind of momentum, we’ll be sure to keep its slot on our watchlists reserved as we kick off another trading week.