We formulated a fresh idea yesterday morning for the PEP options chain and found some instant success there. We also want to track back to an idea we hashed out for ROKU a couple of weeks ago, on the morning of Sept. 23rd, and the performance it has recorded since then.
PepsiCo, Inc. PEP Weekly $134-136 Calls
$134 Calls – Range: 2.92-5.75 – Max Gain: 97%
$135 Calls – Range: 2.10-4.60 – Max Gain: 119%
$136 Calls – Range: 1.38-3.85 – Max Gain: 107%
ROKU 11/01 $115-118 Calls
$115 Calls – Range: 3.00-5.81 – Max Gain: 94%
$116 Calls – Range: 3.60-5.15 – Max Gain: 43%
$117 Calls – Range: 2.82-4.90 – Max Gain: 74%
$118 Calls – Range: 2.50-4.06 – Max Gain: 62%
Fresh Options Idea:
SDPR S&P500 (ETF) SPY Weekly $289-291 Calls
Ocugen, Inc. OCGN
We also want to designate OCGN as a bottom-watch play this morning. The stock recently became NASDAQ-trading after a merger with Histogenics, and the PPS fell off a cliff.
OCGN is currently hanging around just above the two dollar level here in the premarket, and we will be tracking its movements over the next few sessions to see if it can pick up some steam as a bottom-bouncer.
We released a Special Report on CBNT (Click here to view) Wednesday morning, and the stock made a solid 30% move up yesterday. We’re going to continue tracking this nanotech play. Stay tuned for updates.
BHGE, SRPT, PHUN, AVYA, RNG, NAKD, SONO, YUMA