ConocoPhillips COP – Recap
We published a light newsletter yesterday morning containing just one specific idea, which was the COP Weekly $61-62.50 Calls. Fortunately, when you come up a solid plays like these, one is all you need!
ConocoPhilips behaved exactly as we suspected, gapping up and continuing to run, and facilitating some very nice single-session profit opportunities for ourselves and our followers. Out of four contracts in our highlighted range, all four produced multi-bag gains on the day.
Those excellent potential gains were as follows:
$61 Calls – Range: .91-2.00 – Max Gain: 227%
$61.50 Calls – Range: .73-2.11 – Max Gain: 393%
$62 Calls – Range: .51-1.80 – Max Gain: 227%
$62.50 Calls – Range: .36-1.45 – Max Gain: 393%
New Relic Inc. NEWR – Fresh Idea
We also want to bring NEWR into the mix today with a longer-term recovery idea. The stock has not only been bouncing off of recent lows, but we’ve also got some Form-4 activity at these low levels.
We’ll watch NEWR in the weeks and perhaps even months ahead, using the NEWR
12/20 $60-65 Calls as our potential vehicle.
CBRL Weekly $165-170 Calls
YUMA, AMPE, CTST, LXRX, DRRX, MLHR, JAGX, CGIX