Reviewing Winning Ideas, Formulating New Ones

Johnson & Johnson JNJ

We were correct in assuming yesterday would be a good day to put some options trading ideas for Johnson & Johnson on the table. The company is now at the center of the frantic pursuit of a vaccine to eradicate the deadly COVID-19 virus. We expect we will be following its role in this endeavor to completion.

For now, while we have signaled some longer-term options as well, we’re mainly interested in the short term plays we’re tracking and the moves they began to make yesterday. We will include the modest moves made by our September calls, but would expect to have to wait for them to come into play in a more meaningful way.

JNJ Weekly $125-130 Calls
 5.15-9.81 (+90%)
$126: 4.00-9.00 (+125%)
$127: 4.00-8.00 (+100%)
$128: 2.95-7.37 (+150%)
$129: 2.86-6.65 (+133%)
$130: 2.45-5.96 (+143%)

09/18 $150-155 Calls
 3.50-5.00 (+43%)
$155: 2.80-3.50 (+25%)

Top Ships, Inc. TOPS 

Our chatroom call from Friday, which we highlighted in yesterday morning’s premarket report, tacked considerable gains onto our observed range after another huge bullish session. It saw a daily run from .36 to a new high of .62, which comes out to an intraday increase of 72%

From the low of .135 that TOPS saw on Friday morning when we offered it to our traders chat participants, yesterday’s new high mark represented a two-day upswing of 359% We’re seeing a significant pullback in the stock this morning, so this run has had it, but we’ll keep an eye skinned as it searches out a bottom, as a another swing to the upside may follow shortly thereafter.

Anyone who enjoys our premarket reports can also join our daily traders chats on Skype. It’s a place to get new ideas and even share some of your own in real-time throughout the course of each trading day. Send a Skype contact request to username “stocksumo” and we’ll see you there! 

Streaming Stocks 

More people are at home streaming content than ever before, and that is going to be true throughout the duration of the coronavirus crisis, which most experts agree will persist until a vaccine is successfully produced, sometime in 2021. Here are a couple of obvious players who stand to maintain solid business through this new dynamic, and some corresponding ideas.

ROKU Weekly $87.50-89 Calls
NFLX $365-372.50 Calls 

Extended Watchlist:

JNJ Options & More

Top Ships, Inc. TOPS 

We talked a little bit about our daily live traders chats last week, and on Friday, came another example of why it’s a good idea to get involved. We allow any of our subscribers to join in, to find even more trading opportunities and freely share their own ideas.

As you can see in the provided snapshot, TOPS was highlighted shortly before 11AM on Friday, and the stock went on a very nice run following that, which is spilling over into this morning as well. Subsequent to appearing in our chat, TOPS ran from .135-.32. That works out to a move of 137%  That figure has been boosted even higher today, as TOPS hit .46 in premarket trading, extended our observed range of potential gains to 241%

Don’t pass up a chance to join us in our chatroom on Skype, where you’ll get on-the-fly trading ideas like this one and more. You can share your own as well. Send a Skype contact request to “stocksumo” and we’ll get you in there! 

Johnson & Johnson JNJ

Emerging as the potential leader in terms of being first to a workable coronavirus vaccine, JNJ says they may be able to produce a working one by early 2021, several months prior to most previous estimates. The company has also committed to providing one billion of them to the US Dept. of Health & Human Services.

We will likely be following this story for quite some time, so we’re going to signal both a short and longer-range set of options ideas here, with the JNJ Weekly $125-130 Calls & 09/18 $150-155 Calls.

Bonus Idea:
Cal-Maine Foods, Inc. CALM $43-45 Calls 

Extended Watchlist:

Closing Out a Hugely Successful Trading Week

More New Highs for Options Ideas 

We continued tracking the options ideas that we reported on yesterday morning, as the markets ripped once again and new highs were set all the way across the board.

We had signaled each of the following ideas in Wednesday’s report, so the following updated figures represent the total ranges and possible gains over just the past two sessions:

SPY Weekly $240-245 Calls
$240: 7.31-22.76 (+211%)
$241: 6.92-21.59 (+212%)
$242: 6.27-20.86 (+233%)
$242.50: 6.20-19.47 (+214%)
$243: 5.90-20.00(+240%)
$244: 5.39-18.19 (+238%)
$245: 4.92-18.04 (+267%)

WGO 04/17 $25-30 Calls
$25: 2.50-9.00 (+260%)
$30: 1.13-5.40 (+379%)

NKE Weekly $78-81 Calls
 2.17-9.20 (+324%)
$79: 1.98-7.78 (+292%)
$80: 1.43-7.09 (+396%)
$81: 1.23-6.25 (+408%)

More Options Recaps:

Moving right along, we also offered readers three new ideas for yesterday morning as well. We mad calls in the MU, BA, and ZM chains, and every single one of those came back a multi-bag winner as well.

MU Weekly $42.50-45 Calls
 1.86-3.50 (+88%)
$43: 1.56-3.00 (+92%)
$43.50: 1.32-2.50 (+89%)
$44: 1.05-2.28 (+117%)
$45: .66-1.59 (+141%)

BA Weekly $165-172.50 Calls
$165: 12.00-25.00 (+108%)
$167.50: 10.55-22.00 (+109%)
$170: 9.05-21.31 (+135%)
$172.50: 7.95-19.50 (+145%)


ZM Weekly $140-145 Calls
$140: 5.20-9.40 (+81%)
$145: 3.40-6.42 (+89%) 

Fresh Options Ideas: 
SPY Weekly $255-253 Puts
TLRY Weekly $8-9 Calls
KBH Weekly $19-20 Calls 

*Trading weekly options on a Friday is incredibly risky and should never be attempted by beginning or intermediate level traders!