The first thing on the menu this morning is to take a look at Disney on the heels of ESPN+ securing US broadcast rights to Bundesliga soccer from 2020 to 2026.
The stock is already exhibiting a fairly solid double bottom formation. What we want to see is DIS holding above the 200DMA of 125.98, and if it can manage that, we’re going to be very interested in the DIS 11/08 $133-136 Calls.
Atreca, Inc. BCEL
We also want to radar BCEL, which is a bottom-play candidate for us as we kick off this fresh trading week. The stock nearing the 3-month mark since its IPO, and is not trading far off of its records lows at the moment.
We’re going to want to keep an eye on this play for a potential reversal ion the days and weeks ahead. The stock had a swing of over 100% last month near these levels, so we will be interested to watch and see if it can repeat itself.
As we close out another solid week of stock and options trading, we just wanted to provide one final update on the SPY Calls we made earlier in the week. The markets dipped in the first half of the session yesterday, but recovered throughout the rest of the day.
Our idea from our premarket report on Wednesday morning of the SPY Weekly $296-297 Calls all produced double-bag intraday opportunities, and the two sets that we rolled up to include on our watchlist, the$297.50 and $298 Calls, kicked in multi-bag performances of their own.
$296 Calls – Range: .99-2.16 – Max Gain: 118% $296.50 Calls – Range: .74-1.76 – Max Gain: 138% $297 Calls – Range: .55-1.39 – Max Gain: 153%
$297.50 Calls – Range: .40-1.05 – Max Gain: 163% $298 Calls – Range: .27-.77 – Max Gain: 185%
Just as there was yesterday, there may be another dip and rip chance for opportunistic traders to seize upon, so we’ll leave these plays on our radar as we finish out the week.
We began tracking Pier 1 toward the end of last month on the 27th. At the time, the stock was trading for as little as 3.92/share.
The performance it has put together over the last three-plus weeks has been nothing short of astonishing. Ignoring all market trends, the stock has been in a near-continual uptrend, which culminated at a new high of 14.64 yesterday. That represents an excellent 273% increase inside of a month!
Weatherford International plc WFTIQ
Speaking of recent stock calls we’ve made that have enjoyed impressive performances, we wanted to update readers on the status of WFTIQ in recent weeks.
We initially alerted WFTIQ a couple of weeks ago on September 10th. We caught this one at a low of .0198, and it has now run to an even .04. That’s a two-week upswing of 102%