Luckin Coffee, Inc. LK – Options Recap
This past Wednesday morning, we signaled a range of calls in the LK chain, and the incredible move made by the stock on Friday, pushed those contracts to some very lofty gains.
LK stock itself ran from a low of 21.95 and hit 27.31, registering as the NASDAQ’s #6 top daily gainer, and moving up 24% in the process, which is a fantastic intraday move for a $20+ stock.
As far as our targets of interest, the LK 11/22 $19-21 Calls, the following gains were possible with Friday’s amazing run.
$19 Calls – Range: 1.96-5.75 – Max Gain: 193%
$19.50 Calls – Range: 1.70-4.50 – Max Gain: 165%
$20 Calls – Range: 1.35-6.50 – Max Gain: 381%
$20.50 Calls – Range: 1.10-3.60 – Max Gain: 227%
$21 Calls – Range: .71-5.37 – Max Gain: 656%
Eros International plc EROS
We’ve been tracking EROS since October, with the first of two alerts in that moth coming on the 9th.
Since that time we have witnessed some pretty nice activity in the stock, observing a low of 1.25, and as of this morning’s premarket high of 2.70, it has made an overall move of 116%
We are going to highlight some EROS options as well for a fresh idea to start the week off with, the EROS 12/20 $2.50 Calls.
SGLB EKSO, SMSI, SRRA, ALNA, VNTR, RTTR