SolarWinds Corp. SWI – Bottom Watch Play
Many SWI shareholders have been running for the hills following the company’s software being at the center of a major global hacking effort last week, and that’s precisely why we are becoming interested in the stock as a bottom-watch play.
SWI is apparently on track to report a big year-over-year earnings increase, and while the full ramifications of the company’s role in the breaches is not yet known, we want to get out ahead of the crowd and begin monitoring it for a bottom-bounce entry point nonetheless.
Not only will we track the stock, but we’re going to formulate a longer-term options idea to monitor over the next couple of months, with the SWI 02/19 $12.50-17.50 Calls.
We signaled just two individual contracts for observation on Friday morning, the DRI Weekly $115 Calls and the WGO Weekly $60 Calls, and in both cases, our readers and ourselves had the opportunity to reap multi-bag gains.
DRI Weekly $115 Calls
$77: .75-2.31 (+208%)
WGO Weekly $60 Calls
$255: 1.25-4.55 (+264%)
Fresh Options Ideas:
NKE Weekly (12/24) $142-145 Calls
SPY 12/23 $365-367 Calls
ABML, SFOR, SHMP, APYP, PASO, GRLT, PVDG