Donaldson Company Inc. DCI
With the earnings calendar still looking a bit light following the Thanksgiving lull, we are seeing one potential opportunity showing some synergy with the current market environment.
DCI missed on earnings published this morning, while also having been exhibiting a strong double top formation (bearish signal). Along with what looks to be a strong chance of another lackluster day for the markets at large, we are going to begin tracking the DCI 12/20 $50-45 Puts.
Kodiak Sciences, Inc. KOD
We also wanted to review the epic single session performance of KOD, which we included in yesterday’s premarket extended watchlist.
The stock responded with a huge run from 35.00 to a high of 72.97. That works out to an intraday surge of 108% which is simply incredible for a stock in this price range.
Organogenesis Holdings Inc. ORGO
Lastly, we’ve got a number of factors drawing our interest to ORGO. From a technical standpoint, the stock is looking ripe for rebound off of its bottom and potential topside gap fill.
Meanwhile, an institutional insider filed a Form-4 for the purchase of $30M near the current lows. When considering the entire picture, ORGO is definitely one that we will want to observe closely in the days, and possibly weeks ahead.
ADSV, ADAP, ABIL, ABEO, AXSM, SNSS, ORTX, BRMK
SPDR S&P500 ETF (SPY) – Update
Our fresh options idea to kick off the new trading week yesterday utilizing the SPY started off on a good foot. It’s something we always come back to because of the predictable way it behaves and trades.
We designated the SPY 06/19 $289-290.50 Calls as our contracts of interest, and the markets’ activity played into our hands nicely, for a start. Here were the gains that were made possible on the day yesterday:
$289 Calls – Range: 1.50-2.00 – Max Gain: 33%
$289.50 Calls – Range: 1.24-1.73 – Max Gain: 40%
$290 Calls – Range: 1.00-1.45 – Max Gain: 45%
$290.50 Calls – Range: .80-1.15 – Max Gain: 196%
The SPY is gapping up once again today, and we expect all of these calls to open deep in the money and see new highs. We’re going to continue to monitor these, but also look to roll up and include the $291 and $291.50’s in our watchlist as well.
Robert Half International, Inc. RHI
We’ve got another fresh idea based on the technical setup of the RHI chart, which has been trending up off a double bottom. We see some decent volatility potential, and a topside gap to fill on the chart. This is going to be a longer term idea, which could ultimately turn into a solid recovery play.
We are going to place the RHI 09/20 $55-65 Calls on watch for the weeks and months ahead. RHI most likely wouldn’t even have to fill that gap for us to see results. A run at the 200DMA or even 50DMA would likely produce significant gains in those contracts.
KOOL, AVXL, CLVS, SHIP, NMR, ABEO, TIGR, NBEV, JAGX