Friday’s Options Ideas:
We had our eyes on a handful of options trading possibilities on Friday, and we did see some significant moves to the upside emerge from that group. We’ll kick things off this week by outlining some of the opportunities that were available for traders within the price ranges we specified in Friday’s report:
Skyworks Solutions, Inc. SWKS
$94.50 Calls – Range: 1.26-3.63 – Max Gain: 188%
$95 Calls – Range: .84-3.20 – Max Gain: 280%
$95.50 Calls – Range: .60-2.28 – Max Gain: 280%
$96 Calls – Range: .53-2.36 – Max Gain: 345%
Expedia, Inc. EXPE
$99 Calls – Range: 1.43-3.60 – Max Gain: 152%
$99.50 Calls – Range: 2.00-2.83 – Max Gain: 41%
FireEye, Inc. FEYE
05/08 $42 Calls – Range: 1.70-2.55 – Max Gain: 50%
05/08 $43 Calls – Range: 1.25-2.00 – Max Gain: 60%
It’s quite the task for anyone to provide just one worthwhile options-trading idea, and on Friday, we were three for three. It serves as a great example of why we like to mix plenty of these options ideas into our daily reports; the gains are out there, ripe for the taking!
Advanced Medical Isotope Corp. ADMD
Our attention was drawn to ADMD this morning as it popped up on our news scanner; the company has come forth with information regarding an “error in the calculation of common shares that should have properly been issued, resulting in significant excess issuances of common stock”. It essentially boils down to an estimated positive impact of $0.8M on ADMD’s balance sheet.
We naturally took a look at the ADMD chart upon taking notice of this news, and as we point out with the annotations below, there are several indications of a bullish trend in effect. As a result, we’ll want to keep watch over ADMD as we begin this new trading week.
Rebound For Social Media Stocks?
LinkedIn Corp. LNKD and Twitter, Inc. TWTR were both crushed on disappointing earnings last week, and both stocks appear to be gearing up for a possible recovery this week. They’re both slightly in the green here in the premarket this morning, and we’ll be looking for potential swing trade opportunities that might present themselves in coming weeks with Calls bearing a 05/29 expiration date.
On LinkedIn Corp. LNKD we’ll be monitoring the 05/29 $200-210 Call range. The longer period before expiration gives the stock some time to sustain a comeback off of recent lows.
For Twitter, Inc. TWTR we’ll actively monitor the 05/29 $38-42 Call range for similar opportunities.
Extended Watchlist:
PBR, ICLD, ARRY, BIOC, CYNI, SCOK, IBIO, XGTI, NRTI(Potential Bottom-Play)