Month: October 2020

Fantastic Options Success

SPDR S&P500 (ETF) SPY – Recap

On Friday morning, we focused on quite a few fresh options ideas that were hitting our scanner, and with the help of a solid day for stocks in general, we saw a good amount of opportunity for success.

That also meant our running and new ideas for the SPY posted some nice figures on the day. We had been tracking SPY Weekly $340-341 Calls and we added the SPY Weekly $344-345 Calls to the radar as well.

Here were the final numbers on all of those, with some huge gains on the table: 

$340: .98-7.80 (+696%)
$341: .75-6.24 (+732%)
$344: 1.48-3.41 (+130%)
$345: .81-2.51 (+222%)

More Options Recaps

As we mentioned above, we had quite a few options targets we were looking to ride into the close on Friday. That included targets in the CGC, X and BBBY chains, and each one of them was a good pick. Here are the potential gains that could’ve been made off of those plays:

CGC Weekly $18 Calls
$18: .08-.37 (+363%)
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X Weekly $8 Calls
$8: .39-.73 (+87%)
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BBBY Weekly $21-22 Calls
$21: .43-.89 (+107%)
$22: .03-.09 (+200%)


Fresh Options Ideas:
SPY Weekly $349-351 Calls
AAPL Weekly $118.75-121 Calls

Inspyr Therapeutics, Inc. NSPX – Chatroom Call

This is a good time to remind all of our readers (that means YOU) of your open invite into our daily live traders chats on Skype. We are always catching last minute plays that don’t make it into our premarket reports.

Such was the case on Friday when we tagged NSPX before the open as you can see on the snapshot below. The stock turned around and posted a range of .0059-.0269 on the day, for a whopping 356% rip!

NSPX Acquires Novel Immuno-Onoclogy Precision Targeting Platform – 10/08

Get yourself onto Skype and send a contact request to username “stocksumo” and we’ll get you observing and/or participating in our live chats right away! All are welcome!

Extended Watchlist:
ABQQ, GAXY, DSGT, EXROF, CBBT, 

Fresh Ideas for an Exciting Friday Finish

Dominos Pizza Inc. DPZ – Options Recap 

We have been very light on options plays over the past week or two, as we are still in a lull for earnings reporters, which are the typical catalysts that we use to take advantage of the inherent volatility that generally follows a quarterly number drop.

. We still have managed to find an opportunity here and there, and yesterday our instincts told us to go short on Dominos. We signaled the DPZ Weekly $427.50-417.50 Puts and saw some good moves

DPZ Weekly $427.50-417.50 Puts
$327.50: 18.85-30.10 (+118%)
$325: 17.99-30.35 (+151%)
$322.50: 13.97-26.10 (+203%)
$320: 11.78-24.90 (+337%)
$317.50: 10.46-21.55 (+118%)
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SPDR S&P500 (ETF) SPY – Options Idea

We have been tracking the $340-341 Calls throughout the week, and based on the solid progress we’ve seen there ansd the premarket activity we’re observing this morning, we’;ll go ahead roll up to the SPY Weekly $344-345 Calls to stay close to the action.

More Fresh Options Ideas

Despite having no earnings to push these along, here are a handful of options plays we’ll be tracking today:

CGC Weekly $18 Calls
X Weekly $8-9 Calls
BBBY Weekly $21-22 Calls 


Camber Energy, Inc. CEI – Recap

We also want to backtrack a bit to our September 25th call of CEI today following what has been a very respectable run for the stock.

The day after our tag of CEI, the stock saw a low of .5011 and hasn’t looked back. Yesterday, a very impressive intraday move carried it to a new high of 1.43, which works out to an increase of 185% over a span of just ten trading days!

Extended Watchlist:
BTU, WWR, SNMP, GMEV, UNGS, UATG, RIOT, KNDI, 

Form-4 Bottom Play & More

SPDR S&P500 (ETF) SPY
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We are still actively tracking the options targets we designated in the SPY chain in Tuesday’s premarket report which were the SPY Weekly $340-341 Calls. We got some pretty nice intraday gain opportunities in the 60-80% range early Tuesday, but the following upswing that we observed in these plays yesterday was far better.

The $340 Calls registered another run from .98-3.28, which marks a 235% move, while the $341’s ran from .75-2.65, for a 253% rip.
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Fresh Options Idea:
DPZ Weekly $427.50-417.50 Puts 

Arcutis Biotherapeutics Inc. ARQT – Form-4 Bottom Bouncer

Following multiple Form-4 submissions to the tune of over $12M each last week, ARQT sold off and began to establish just the type of chart setup we are always on the lookout for. A recently tanked stock with a gap on the chart to the upside, that is establishing a trend off of that bottom.

Combined with the recent insider purchases, and it makes for a stock that we need to have on our watchlist in the weeks, and perhaps even months ahead.

Extended Watchlist:
ALYI, ABMC, AREC, DMDD, NUVI, ZNOG