Recent Performers

S&P 500 ETF Trust (SPY) – Recap

Our main winner from Friday morning’s premarket report was our idea for the SPY. The markets saw an early rip out of the gate before pulling back, running once again, and eventually tapering off into the close.

As a result of the activity we observed, our designated contract sets experienced two separate and significant surges on the day. Here are the total possible gains afforded by the moves that occurred:

SPY 07/02 $313-314 Calls
$313: 1.88-4.22 (+47%) | .67-1.55 (+47%)
$314: 1.28-2.10 (+49%) | .36-.77 (+47%)


Other Recent Winners:

Plug Power Inc. PLUG – We also want to begin this fresh trading week by re-highlighting PLUG, which we most recently talked about on June 24th. Subsequent to that report, the stock traded for as little as 6.91 a share, and on Friday the stock attained a new high of 9.65. This morning in the premarket we’ve seen shares change hands for 10.09.

That puts our total observed increase on PLUG in under two weeks at a respectable 46% and warrants further attention going forward.
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Overstock.com Inc. OSTK – Another recent performer we’ve been hot on the trail of is OSTK, which we mentioned quite a bit back in May. Since then, OSTK has done little else other than climb its way to new highs week after week.

When we first alerted on OSTK it was trading at 15.45, and to close out the short week on Thursday, the stock had hit 39.38. That works out to a 2-month upswing of 155%


Extended Watchlist:
UBER, BA, UONEK, DUK, LMFA BLDP, FCEL, NIO, BLNK

FDX, STZ Recaps & More

Options Recaps 

Most of our luck with the options calls we made this week was good, with very few exceptions. We’re going to wrap up this short trading week by highlighted both of the fresh sets of ideas we formulated in yesterday morning’s premarket report.

We had signaled interest in the FDX 07/02 $149-155 Calls as well as the STZ 07/02 $175-180 Calls and in both cases we saw some really nice intraday movement:

FDX 07/02 $149-155 Calls
$149:
 9.93-14.60 (+47%)
$150: 9.21-13.75 (+49%)
$152.50: 7.21-11.27 (+56%)
$155: 5.09-9.35 (+84%)
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STZ 07/02 $175-180 Calls
$175: 6.90-16.60 (+141%)
$177.50: 5.89-12.50 (+112%)
$180: 3.20-9.90 (+209%)


Fresh Options Ideas: 

We’ll close the week out with a wide range of ideas to follow, with both near and extended term expirations. For more quick strike opportunities we would first look to earnings play LNN, and to the SPY, with the markets ripping in early trading. For a longer-term track we have AVA and NWN, a couple of bottom-bouncers that are looking technically ripe for more prolonged increases.

LNN 07/17 $95-100 Calls
SPY 07/02 $313-314 Calls
AVA 09/20 $40-45 Calls
NWN 09/20 $ 60-65 Calls 


Extended Watchlist:
WNDW, TMXN, STTH, BYOC, HEME, SPOM

CAG Recap & More

Conagra Brands, Inc. CAG – Recap 

With the markets ripping again yesterday, one of the options ideas we had zeroed in on produced some really nice gain opportunities for us. We signaled the CAG 07/02 $33.50-34.50 Calls, and two out of three of those contracts logged double-bag gains on the day.

Here are the total ranges and possible profits that these calls provided:

CAG 07/02 $33.50-34.50 Calls
$33.50: 1.15-2.15 (+87%)
$34: .77-1.76 (+129%)
$34.50: .55-1.35 (+145%)

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Fresh Ideas:
FDX 07/02 $149-155 Calls
STZ 07/02 $175-180 Calls



OncoCyte Corp. OCX

On OCX yesterday, we noticed a drastic change as the stock fell off a cliff on news that it would discontinue development of its DetermaDx liquid biopsy test. Purely from a technical perspective, we have to take notice when a stock gets chopped by half and falls to near annual lows in one session.

It leaves a lot of future opportunity for a bounceback on the table, so we’re going to signal a long term idea in the options chain, and begin monitoring the OCX 11/20 $2.50 Calls.


Extended Watchlist:
ERFB, ARGQ, LFER, PVHO, XALL