Options Recap – We cast a pretty wide net with respect to options ideas in the retail sector in our premarket report yesterday morning, and our efforts didn’t go unrewarded. Both EXPR and AEO provided us with some nice chances.
Express, Inc. EXPR – We were tracking the EXPR 09/15 $6 & $7 Calls. The $6′s traded in a range from .45 -.92 for a gain of 104%, while the $7′s logged an even 100% double-bag run from .15-.30.
American Eagle Outfitters, Inc. AEO – For American Eagle, we were looking at the AEO Weekly $12 & 12.50 Calls. The $12′s recorded our biggest options gainer of the day with a 212% move from .08-.25, and the $12.50′s were another even 100% push , trading from .05-.10 on the day.
More Ideas - We’ll keep the post-earnings retail options train rolling today with two fresh sets of ideas using the Abercrombie & Fitch Co. ANF and Dollar Tree, Inc. DLTR chains. We’ll have the ANF Weekly $10 & $11 Calls, and the DLTR Weekly $78-82 Calls on watch as we head into week’s end.
Rimrock Gold Corp . RMRK
We included RMRK in yesterday morning’s premarket report, after noticing some abnormal activity building up in the previous session.
It was a good thing that we did, because yesterday’s performance from the stock was explosive. It traded in a range from .0006 to .0025 on the day, for a fantastic single-session rip of 316%
The move occurred on volume of more than 1.8 billion shares traded; an all-time high for RMRK.
OCLR, NPTN, MOSY, BSTG, SHLD, TTNP, SIG, RUN