GW Pharmaceuticals plc GWPH
We said we’d be looking for action in the in the GWPH Weekly $125 & $130 Calls yesterday after we learned the company had reacquired the rights to develop Sativex, a 1:1 THC/CBD extract blend oral spray product.
The result was a run from the stock that brought it to its highest PPS since March, and that move facilitated some very nice activity in our designated contracts. The $125 Calls saw a move from 3.00-5.90 for gains of up to 97%, while the $130′s tore up the chart, running a whopping 900% from .15-1.50!
There’s also a reasonable chance the solid trend could continue today, so we’ll be sure to stay on the lookout for that.
Fresh Options Ideas
Under Armour Inc. UAA – First up for new options ideas this morning we’ve got UAA, which is building a heck of chart setup in the wake of the revelation earlier this week that the company’s third-largest stakeholder had increased their position.
We’re going to set up shop with a short and extended term idea, homing in on the UAA Weekly $13.50-14.50 Calls, in addition to the 01/12 $14.50-15.50 Calls, in the event that its recent run of bullish activity is set to continue over a longer time frame.
Adobe Systems, Inc. ADBE – In the case of ADBE, the company posted beats on both revs and earnings for Q4, and we’re always looking for a good post-earnings options trade. We’ll look to the ADBE Weekly $175-180 Calls.
RIGL, LFIN, RIOT, WPCS, GFI