Month: June 2022

4-Pack of Fresh Options Ideas & More

Another Successful Options Sweep: 

 Another daily newsletter, another set of fantastic opportunities to score solid intraday gains. We were firing on all cylinders with our fresh options ideas in yesterday morning’s premarket report. offering up our takes on what we figured would be four potential plays on the day. We figured correctly, and witnessed another sweep across the board, as the markets flew in the face of the early indicators and traveled up for a vast majority of the session,

That allowed for some excellent single-session moves on all of our designated targets, which were the PLAY Weekly $38-39 Calls, the ASO Weekly $34-37 Calls, the GTLB 06/17 $40-45 Calls, and the KSS Weekly $45-46.50 Calls. Only four of the twelve total sets of contracts in our highlighted ranges fell just short of multi-bag status on the day. The moves they recorded were as follows:

PLAY Weekly $38-39 Calls
$38: .91-1.78 (+96%)
$39: .62-1.35 (+118%)
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ASO Weekly $34-37 Calls
$34: 3.20-5.00 (+56%)
$35: 2.15-4.08 (+90%)
$36: 1.56-3.05 (+96%)
$37: .96-2.17 (+126%)
_____

GTLB 06/17 $40-45 Calls
$40: 5.40-11.80 (+119%)
$45: 2.90-7.60 (+162%)
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KSS Weekly $45-46.50 Calls
$45: 1.20-2.49 (+108%)
$45.50: 1.05-2.34 (+123%)
$46: .85-1.80 (+112%)
$46.50: .46-1.60 (+247%)

Fresh Options Idea:
CPB Weekly $46-48 Calls
WMT 08/19 $135-140 Calls
BABA Weekly $106-109 Calls
ROKU Weekly $96-97.50 Calls

Extended Watchlist:
INND, CYDY, PRMK, ENCUF, TMRC, RDBX, CYRN, EFOI, XCUR, MITO

SPY, FUTU Gainers, Fresh Options Plays

Yesterday’s Big Runners: 

Yesterday morning, as is typical for our daily premarket reports, we included a selection of options ideas comprised of both quick-strike and extended-term ideas. There was a lot of good volatility in the markets yesterday, so the quick plays worked out beautifully, while the longer-term target will take some time to mature.

Our spur of the moment ideas were the SPY 06/06 $413-415 Calls and the FUTU Weekly $38.50-40 Calls. In both cases, we had multiple chances for beautiful multi-bag intraday gains. Despite the fact that we are going to see a tapering of earnings reporters in coming weeks, if we continue to see the type of volatility yesterday brought, we should have too hard of a time tracking down opportunities like these.

SPY 06/06 $413-415 Calls
$413: .49-1.44 (+194%)
$414: .30-.85 (+183%)
$415: .12-.46 (+283%)
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FUTU Weekly $38.50-40 Calls
$38.50: 2.98-8.75 (+193%)
$39: 2.10-6.57 (+213%)
$39.50: 2.75-7.20 (+162%)
$40: 1.77-8.00 (+352%)

Fresh Options Ideas:
PLAY Weekly $38-39 Calls
ASO Weekly $34-37 Calls
GTLB 06/17 $40-45 Calls
KSS Weekly $45-46.50 Calls

Extended Watchlist:
KRBP, HLBZ, JAN, GHMP, GSFI, BDCO, WHSI, ABQQ

Friday’s Big Winners, Fresh Ideas & More

Solid Options Runners: 

To close things out for the short week on Friday, we had a pair of quick-strike options ideas in the LULU and OKTA chains, as well as a longer term target for ASAN in our premarket report. Despite a rather subdued session for the markets in general wherein we saw a gap-down in the morning, and not much progress toward a recovery throughout the day, we were still able to manage some very nice gain chances.

Our specific areas of interest for the day were the LULU Weekly $300-307.50 Calls, the OKTA Weekly $106-108 Calls, and the ASAN 06/17 $22.50 Puts. Both sets of calls produced multi-bag profit possibilities on the day, with ASAN not lagging far behind. We’ve also got a week and change before they expire, so we’ll continue to monitor those as well. As for Friday’s moves, here’s what these ideas put forth for the session:

LULU Weekly $300-307.50 Calls
$300: 2.55-7.35 (+188%)
$302.50: 2.00-5.60 (+180%)
$305: 1.41-4.50 (+219%)
$307.50: .94-3.40 (+262%)
_____

OKTA Weekly $106-108 Calls
$106: 1.16-2.87 (+147%)
$107: .84-2.05 (+144%)
$108: .48-1.39 (+190%)
_____

ASAN 06/17 $22.50 Puts
$22.50: 1.82-2.90 (+59%)

Fresh Options Ideas: 

We are heading into an extended dry spell with regard to the number of big name companies dropping their earnings reports, which is going to persist for the next several weeks. We’re used to traversing these periodic ‘earnings deserts’, and as always, we’ll still be working hard every day to find the best opportunities possible, which for us, generally includes a heavy reliance on the SPY- our favorite market analog.

SPY 06/06 $413-415 Calls 
FUTU Weekly $38.50-40 Calls
QDEL 07/15 $85-95 Calls

Extended Watchlist:
ZNOG, AERG, BDCO, QEDN, SHMP, IGEX, ABQQ, PRCX, DIDI, YMTX, MULN, CRIS, QNRX, ARRY, BZ, YMM