Options Review
We included a trio of options ideas in Friday morning’s premarket report, even as we reported hitting a 28-bagger on CGC. Some may have thought that thousand percent gainers were a rarity, but not in this market! They all rose considerably, but TWO out the three ideas yielded chances at single session profits of more than a thousand percent!
Here are those ideas, and the total possible gains they recorded on the day:
AMD Weekly $22.50 & 23 Calls
$22.50: .31-1.48 (+377%) | $23: .07-.97 (+1285%)
ADSK Weekly $147-150 Calls
$147: 6.27-10.58 (+70%) | $148: 3.50-9.59 (+174%) | $149: 3.58-8.40 (+135%) | $150: 2.85-7.62 (+176%)
SPLK Weekly $114-117 Calls
$114: 1.10-12.09 (+999%) | $115: 1.00-11.10 (+1010%) | $116: .95-9.84 (+936%) | $117: 1.10-9.29 (+745%)
Seven Stars Cloud Group Inc SSC
On Friday we noted that our intial alert on SSC on the morning of July 24th led to a a move of 170%+. We then suggested a dip-and-rip could lead to even more gains, and as of the end of the day Thursday we had seen that move, from 2.71 to 4.35.
Friday the rebound continued, with SSC reaching a new high of 5.75. That extended the breadth of this move to 112%, proving that while we mainly focus on options nowadays, our interest in stocks alone still remains.
Extended Watchlist:
NEPT, DPW, RIGL, LLNW, AMRN, BPMX, CNAT, TLRY