Options Ideas – Form-4 Plays:
We do typically like to stick with options plays that coincide with big name earnings reporters, but we always like to scan for Form-4’s (insider transactions) and formulate ideas in those instances where we like the chart setup.
We’ve got a couple of potential targets which fit that bill with huge amounts of shares being soaked up in ASAN last week, and a large $10M block being purchased in PFSI yesterday. These transactions give us at least a reasonable confidence that those involved believe that the future looks brighter than the present.
ASAN 01/21 $110-120 Calls
PFSI 12/17 $65 Calls
Options Ideas – Earnings Plays:
Of course we don’t want to leave out our bread and butter, so we’ve also taken a look at what the earnings calendar has to offer this morning.
Build-A-Bear and Ambarella are a couple in that category that our catching our eye today, so we’ll hash up some ideas for those as well:
BBW 12/17 $17.50 Calls
AMBA Weekly $197.50-207.50 Calls
Extended Watchlist:
OP, ARDX, VBIV, AUVI, SLHG, WORX, TGTX, FNMA, FMCC, INND, APHLF, ZNOG, CGAC, BTZI, IWAL, HVCW