We signaled our interest in two sets of options ideas in yesterday morning’s premarket report, and we managed to see sizable intraday gain chances as a result of both of them. The total possible intraday gains for each play were as follows:
Target Corp. TGT - For Target, in the wake of an analyst upgrade, we highlighted the TGT Weekly $75-77 Calls.and saw some solid opportunities to profit.
$75 Calls – Range: 2.27-4.22 – Max Gain: 86% $75.50 Calls – Range: 2.00-3.52 – Max Gain: 76% $76 Calls – Range: 1.53-3.13 – Max Gain: 105% $76.50 Calls – Range: 1.38-2.82 – Max Gain: 104% $77 Calls – Range: 1.06-2.43 – Max Gain: 129%
Advance Auto Parts, Inc. AAP – We also were looking at the AAP chain following the company’s earnings beat yesterday. Our area of interest there was the AAP 06/21 $165-170 Calls, and those also fared extremely well. The $165′s ran from 5.25-9.00 for a 71% pop, and the $170′s traded up from a low of 3.00 and hit 5.80, an intraday upswing of 93%
With nearly a month remaining until expiration, and the stock still well below any areas of major resistance, we’ll be interested to continue tracking these plays.
We have been tracking AMPG for roughly seven weeks now, and thought it was a good time to provide another update. Following our initial alert on the stock in the beginning of April, we observed a low of .043, and AMPG hasn’t looked back. We continued to pound the table as it has gradually ramped its way up, and yesterday it once again pressed its upper limits. The new high on this play is now .0699, which works out to a total rise of 63% in the time we’ve been covering AMPG.
We would also highly suggest our readers take the time to check out the following video on AMPG which offers an exclusive perspective on what makes this company and stock so attractive. We took a hard line on deeming the stock to be undervalued when we started, and have been vindicated as the market has shown itself to agreee with us. This video goes into a bit more depth on that.
A couple of weeks ago, we began tracking SYY including the SYY 06/14 $71 Calls. On the morning of that report, the stock registered a low of 70.93, and in the time span since then, has stair-stepped its way up as high as 75.67, which represents an increase of just 7% however those calls have enjoyed a considerably larger jump. The $71 Calls have run from 2.08-4.30; a gain of 107%
Due to the sheer number of winning plays to report on from Friday’s newsletter, we will give only a brief summary including the name of the company, the ideas we submitted, and the total possible gains they had provided by the end of the week.
Nearly everything we’ve had our hands in recently has made some type of the move to the upside, continuing a very promising trend that we have established in the first months of 2019.
AstraZeneca plc AZN -We cited some contracts here earlier in the week (Weekly $39-39.50 Calls), as well as updated that idea on Friday with a couple of new targets at higher strike prices (Weekly $40-40.50 Calls). All contracts involved saw significant moves/new highs.
$39 Calls – Range: .55-1.39 – Max Gain: 153% $39.50 Calls – Range: .19-1.35 – Max Gain: 611% $40 Calls – Range: .23-.95 – Max Gain: 313% $40.50 Calls – Range: .12-.38 – Max Gain: 217%
Electronic Arts, Inc. EA - We had the EA Weekly $107-109 Calls in Friday’s report as a fresh idea, and all three of those plays could have worked out nicely for traders. We saw double bag gain opportunities across the board in this case.$107 Calls – Range: .78-1.60 – Max Gain: 102%
$108 Calls – Range: .50-1.13 – Max Gain: 126% $109 Calls – Range: .33-.66 – Max Gain: 100%
Canopy Growth Corp. CGC – We’ve been watching Canopy since well before the stock uplisted to the NYSE from the OTC, and while what was supposed to be a Canadian cannabis boom has been much more subdued than anticipated, we still like to keep tabs on this one and use its activity to our advantage wherever possible. On Friday we targeted the CGC Weekly $46.50-48 Calls and were met with multi-bag intraday gains there as well.
$39.50 Calls – Range: .83-2.01 – Max Gain: 142% $40 Calls – Range: .62-1.60 – Max Gain: 158% $40.50 Calls – Range: .43-1.20 – Max Gain: 179% $40 Calls – Range: .31-.90 – Max Gain: 190%
SPDR S&P500 ETF (SPY) - Last but not least, we had an idea for the SPY options chain, as we very often do, and all of those contracts provided us with big profit chances as they very often do! All five targets in the range of our SPY Weekly $274.50-276 Calls made big moves.
$274.50 Calls – Range: .85-2.92 – Max Gain: 244% $275 Calls – Range: 1.26-2.62 – Max Gain: 108% $275.50 Calls – Range: .86-2.61 – Max Gain: 203% $276 Calls – Range: .50-1.60 – Max Gain: 220% $276.50 Calls – Range: .22-1.10 – Max Gain: 400%
Walmart, Inc. WMT – Fresh Options Idea
Today we want to keep things rolling with a new idea to kick the week off on, and that is going to be WMT Weekly $101-104 Calls. The stock broke a double-top area of resistance on Friday, and this morning, an across-the-board earnings beat should help create some nice activity in our designated range.
Advance Auto Parts, Inc. AAP Weekly $165-170 Calls
We formulated some quick-strike, post-earnings options ideas for Home Depot and Advanced Auto Parts in yesterday morning ‘s premarket report. Even with shaky market performance like we’ve seen this week, a good earnings play can go a long way, and we proved it yet again.
Both ideas we submitted produced instant results, with the HD contracts we signaled providing the biggest potential profit by far. Those gains were as follows:
Home Depot, Inc. HD Weekly $180 Calls
Range: .40-3.00 - Max Gain: 650%
AAP Weekly $170 & $175 Calls $170′s Range: 9.89-14.83 - Max Gain: 50% $175′s Range: 5.80-9.90 - Max Gain: 71%
More Fresh Options Ideas
We’ll keep the post-earnings options train rolling with another pair of ideas this morning. Especially during times of high market uncertainty, earnings related options plays are our go-to targets.
Canada Goose Holdings, Inc. GOOS Weekly $66-69 Calls
Macy’s Inc. M 12/07 $37 & 37.50 Calls
We’ll also signal some SPY calls that will be in play provided it holds above $270 upon the open. In that event, we’ll be looking at the SPY Weekly $272-274 Calls.
Despite a lousy day for the markets as a whole, yesterday brought a very interesting development in APTI, in the form of an enormous gap-up. We signaled APTI as a bottom-play in our premarket report on the first of this month, after the stock had begun to rebound following a dip to new annual lows a couple of days earlier. At the time the stock traded for as little as 24.48 a share.
We included it in yesterdays report as well, and the new high after that incredible gap-up came in at 37.80. That marks an upswing of 54% in just under two weeks, made even more impressive by the fact that the markets tanked on the day. The rapid hike was due to Sunday’s revelation that the company would be sold in an all cash deal equal to $38/share.
Fresh Options Ideas
We scan the earnings calendar each morning to ID earnings plays with the biggest potential, and today we have a pair of big name releases for which we will formulate some quick strike ideas: