Options Review:
Here we are once again on the cusp of closing out another excellent trading week filled with notable opportunities. We’re going to first highlight yesterday’s fresh calls, which came in the TLRY and JD chains.
TLRY is a hot cannabis play that we routinely revisit, while JD issued its quarterly earnings report which generated a good amount of intraday volatility. Our specific plays on these targets were the TLRY Weekly $24.50-25.50 Calls and the JD Weekly $93-96 Calls and they each logged massive multibag moves on the day.
Here are the ranges and total possible profits that were there for the taking:
TLRY Weekly $24.50-25.50 Calls
$24.50: .67-3.85 (+475%)
$25: .46-3.74 (+713%)
$25.50: .33-3.09 (+836%)
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JD Weekly $93-96 Calls
$93: .40-1.14 (+185%)
$94: .30-.85 (+183%)
$95: .24-.70 (+192%)
$96: .20-.53 (+115%)
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Fresh Options Plays:
SPY Weekly $293-292 Puts
X Weekly $22-22.50 Calls
Foothills Exploration, Inc. FTXP – Recap:
Speaking of solid multibaggers, we included FTXP in yesterday morning’s extended watchlist. We always try to remind our readers (especially newcomers) to include our daily watchlists on your own radar screens. We don’t typically profile each and every stock that catches our interest, but that doesn’t mean that there aren’t hidden gems like these.
Subsequent to our alert, this OTC play ran from a low of .0032 on up to .0104, which represents a daily rip of 225% and came on over a billion and a half shares traded.
Extended Watchlist:
XFLS, VBHI, GCGX, MKGP, SUTI, SKPI, KHRNF, TCFF, PGAS