Reviewing Recent Runners, Fresh Ideas

Elray Resources, Inc. ELRA – OTC Recap:

We caught sight of ELRA midway through last week, and noticed that the stock had been experiencing a marked rise in volume and liquidity. As a result, we placed it on our daily watchlists in our premarket reports Thursday and Friday morning.

ELRA continued to build on its momentum, recording a considerable two session run from our vantage point. From Thursday’s low of .0023, it reached .0049 on Friday, which represents a 113% increase. With the ongoing momentum buildup it has exhibited over the past several sessions, we’ll want to keep an eye on it as we kick off a new trading week.


Friday’s Options Runners:

On Friday morning, we reported the gains in our PYPL options idea from Thursday’s report, the PYPL Weekly $255-260 Calls. We mentioned that we expected to see even more gains added to those figures based on its premarket activity, and that assumption proved accurate.

Below are the total two-day swings recorded by those contract sets, as well as Friday’s numbers on the two runners from our fresh ideas, the ROKU Weekly $307.50-315 Calls and SQ Weekly $227.50-235 Calls:

PYPL Weekly $255-260 Calls
$255: 
.64-3.85 (+501%)
$257.50: .38-2.00 (+426%)
$260: .23-1.20 (+422%)
_____

ROKU Weekly $307.50-315 Calls
$307.50:
 14.72-26.10 (+77%)
$310: 12.46-25.53 (+105%)
$312.50: 11.38-21.68 (+91%)
$315: 2.18-5.05 (+132%)
_____

SQ Weekly $227.50-235 Calls 
$227.50: 4.25-8.28 (+95%)
$230: 2.10-6.37 (+203%)
$232.50: .65-3.80 (+485%)
$235: .18-1.64 (+811%)


Fresh Options Ideas: 
BNTX Weekly $195-197.50 Calls
TSN Weekly $79-79.50 Calls


Extended Watchlist:
EEGI, BFRAF, RGBP, AABB, CBYI, OTTV, AEXE, IFAN, GNCP, DSCR