Author: BHS

FDX, STZ Recaps & More

Options Recaps 

Most of our luck with the options calls we made this week was good, with very few exceptions. We’re going to wrap up this short trading week by highlighted both of the fresh sets of ideas we formulated in yesterday morning’s premarket report.

We had signaled interest in the FDX 07/02 $149-155 Calls as well as the STZ 07/02 $175-180 Calls and in both cases we saw some really nice intraday movement:

FDX 07/02 $149-155 Calls
$149: 9.93-14.60 (+47%)
$150: 9.21-13.75 (+49%)
$152.50: 7.21-11.27 (+56%)
$155: 5.09-9.35 (+84%)
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STZ 07/02 $175-180 Calls
$175: 6.90-16.60 (+141%)
$177.50: 5.89-12.50 (+112%)
$180: 3.20-9.90 (+209%)

Fresh Options Ideas: 

We’ll close the week out with a wide range of ideas to follow, with both near and extended term expirations. For more quick strike opportunities we would first look to earnings play LNN, and to the SPY, with the markets ripping in early trading. For a longer-term track we have AVA and NWN, a couple of bottom-bouncers that are looking technically ripe for more prolonged increases.

LNN 07/17 $95-100 Calls
SPY 07/02 $313-314 Calls
AVA 09/20 $40-45 Calls
NWN 09/20 $ 60-65 Calls 

Extended Watchlist:
WNDW, TMXN, STTH, BYOC, HEME, SPOM

CAG Recap & More

Conagra Brands, Inc. CAG – Recap 

With the markets ripping again yesterday, one of the options ideas we had zeroed in on produced some really nice gain opportunities for us. We signaled the CAG 07/02 $33.50-34.50 Calls, and two out of three of those contracts logged double-bag gains on the day.

Here are the total ranges and possible profits that these calls provided:

CAG 07/02 $33.50-34.50 Calls
$33.50: 1.15-2.15 (+87%)
$34: .77-1.76 (+129%)
$34.50: .55-1.35 (+145%)

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Fresh Ideas:
FDX 07/02 $149-155 Calls
STZ 07/02 $175-180 Calls


OncoCyte Corp. OCX

On OCX yesterday, we noticed a drastic change as the stock fell off a cliff on news that it would discontinue development of its DetermaDx liquid biopsy test. Purely from a technical perspective, we have to take notice when a stock gets chopped by half and falls to near annual lows in one session.

It leaves a lot of future opportunity for a bounceback on the table, so we’re going to signal a long term idea in the options chain, and begin monitoring the OCX 11/20 $2.50 Calls.

Extended Watchlist:
ERFB, ARGQ, LFER, PVHO, XALL

Options Updates, Fresh Plays

Options Updates:

We’re going to circle back today to highlight the performances of the options ideas we alerted on Friday morning. We selected the PRGS 07/17 $40 Calls as well as the SNX 07/17 $115-120 Calls.

In both cases, we have seen some solid moves, and with more than two weeks remaining until expiration, we’ll certainly continue to monitor their progress. Here were the figures they posted yesterday: 

PRGS 07/17 $40 Calls
$40: .20-.80 (+400%)
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SNX 07/17 $115-120 Calls
$115: 4.64-9.50 (+180%)
$120: 2.74-7.50 (+214%)

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Fresh Ideas:
MU 07/02 $50-51.50 Calls
CAG 07/02 $33.50-34.50 Calls

Ideanomics, Inc. IDEX

Yesterday morning we suggested that our readers give their attention to IDEX in sessions to come, and we got some modest yet notable first day results.

The stock traded up from a low of 1.65 and hit 2.30 on the day, marking an intraday swing of 39%  It managed to maintain well over half of its advances, closing with strength at 2.09. This interests us more than enough to continue tracking its progress.

The company provided an update on its large electric vehicle order in a fresh PR this morning (>> Read PR)

Extended Watchlist:
CYDY, TPTW, PMCB, GOVX, PVDG,