Overstock.com, Inc. OSTK
On Friday, we identified a pair of options targets for OSTK, the 10/04 $15.50 & 16 Calls. Despite falling to the low side toward the end of the day, there were some early opportunities for our designated contracts.
The $15.50 Calls traded up from 1.50-1.90 for a notable 27% intraday move, while the $16 Calls traded in a range from 1.40-1.96 (+40%).
With the late session dip, OSTK fell considerably, but we view this as no less than a buy-in opportunity on these very same contracts. We like the chances of seeing a quick rebound, and the potential for further gains out of these plays over the course of the next trading week or two.
Fresh Options Ideas:
ROKU 11/01 $115-118 Calls
MDR, AVDL, KNDI, OGEN, DRD, NTEC, CANF, PIRS, INPX