SPDR S&P500 (ETF) SPY – Options Recap
–
Yesterday morning. the sole fresh options idea we came up with in our premarket report was pertaining to the SPY. Despite the markets tanking a couple of hours prior to the close as the possibility of further coronavirus stimulus in 2020 grew more remote on comments from the White House, our targets, the SPY Weekly $340-341 Calls fared very well for the first two-thirds of the session.
Here are the total possible gains that were made from the open until about 2PM:
SPY Weekly $340-341 Calls
$340: 2.46-3.97 (+61%)
$341: 1.82-3.34 (+84%)
____
Fresh Options Ideas
LEVI 10/16 $16-18 Calls
LW 10/16 $70-75 Calls
SunWorks, Inc. SUNW
The last time we highlighted SUNW was a couple of weeks back on September 24th as part of a focus we did on solar plays. That day, the stock came right out of the gate with a huge run from 3.30-8.50 (+158%).
After that amazing run, the stock consolidated down to a low of 1.88 and as of premarket trading this morning it has reached 5.19, with a big piece of breaking news this morning that you can find below. We’ll definitely continue to keep our eyes on SUNW, as it exhibits just the type of volatile activity that we’re always after.
ROSEVILLE, Calif., Oct. 07, 2020 (GLOBE NEWSWIRE) — Sunworks, Inc. (NASDAQ: SUNW) (“Sunworks”), a provider of solar power solutions for agriculture, commercial and industrial (“ACI”), public works and residential markets, today announced that the company signed $10 million in new commercial and agriculture projects in the third quarter, marking its strongest quarterly booking activity since the beginning of the COVID-19 pandemic in early 2020. The sales are comprised of 19 existing and new customers and total more than 4.4 MW for installation. (>>View Full PR)
Extended Watchlist:
ABCE, CBBT, ETFM, OPTI, TLSS, DSGT, FPVD,