AutoNation, Inc. AN
& Moderna, Inc. MRNA – Options Review:
As we begin to head into the heart of another earnings season we’re likely to stay on top of several sets of options ideas at a time, so strap in, and try to keep up! We started off yesterday morning with an earnings idea for AutoNation , the AN 08/20 $100-105 Calls, after the company obliterated expectations on the street.
Here are the single-session gains registered by those plays, despite another lackluster session for the general markets:
AN 08/20 $100-105 Calls
$100: 3.30-7.50 (+127%)
$105: 2.05-4.78 (+133%)
MRNA’s Impressive breakout continued yesterday following our premarket update on the longer-term options ideas we have been tracking there. The stock’s biggest intraday surge yet carried our targets of interest, the MRNA 08/20 $195-210 Calls, to the following new highs. These ranges represent the total moves we observed since formulating the idea in our report on the morning of June 21st:
MRNA 08/20 $195-210 Calls
$195: 23.50-119.32 (+408%)
$200: 18.00-114.75 (+538%)
$210: 13.55-106.76 (+688%)
Fresh Post-Earnings Options Ideas:
HAL Weekly $19-20 Calls
IBM Weekly $140-142 Calls
Drone Guarder, Inc. DRNG – Recap:
We also want to provide a quick update on the activity in DRNG, which we’ve been tracking since Thursday morning, at which time we observed a low of .0031 and a run to .0098 (+216%). We’ve since seen a dip back to .0032, and subsequent run to ,0075, which amounts to an additional 134% swing.
With this type of price action and volatility we’ll be interested in continuing to track the movements in DRNG.
IMNM, MDWD, SPCB, NRBO, ENZ, NSAV, KAVl, CYBL, PRDL, GTEH, HPMM, LTUS, SMEV