Across-the-Board Options Sweep & More

A Solid Options Sweep:

We went all out in yesterday morning ‘s report with options ideas in four chains. We’re finally back into the swing of another earnings season and it feels great! We selected three off of the daily earnings calendar, and went with some SPY calls as well, and we were not disappointed in any regard.

All four of our designated targets saw appreciable intraday runs. Those were the SPY 10/20 $448-450 Calls, the NFLX Weekly $635-640 Calls, the TRV Weekly $155 Calls, and the STLD 11/19 $60-65 Calls. Some of the gains were rather modest, but they all went green for us, and here were their intraday ranges and total possible gains:

SPY 10/20 $448-450 Calls
$448: 
1.59-3.28 (+106%)
$449: 1.07-2.40 (+124%)
$450: .68-1.60 (+135%)
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NFLX Weekly $635-640 Calls
$635: 16.55-21.00 (+27%)
$640: 14.70-18.75 (+28%)
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TRV Weekly $155 Calls
$155: 4.15-5.50 (+33%)
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STLD 11/19 $60-65 Calls
$60: 3.20-5.70 (+78%)
$65: 1.15-2.62 (+95%)


Fresh Options Ideas: 
BIIB Weekly $270-275 Calls
ABT Weekly $122-124 Calls


Atea Pharmaceuticals, Inc. AVIR – Recap:

Also in yesterday morning’s report was a tag of AVIR, which gapped down hard in the the premarket and immediately set about filling that gap.

The stock traded in a daily range from a low of 10.76, cruised back to as high as 16.63 (+55%) and did so on massive volume to the tune of more than 34X the daily average. We will continue to track its activity under these interesting circumstances in upcoming sessions.


Extended Watchlist:
AITX, OZSC, SHMP, TONR, SEGI, MTRT, LIGA, RDUS, TRKA, CEI, LMDX

Incredible Options Trading Week!

Another Big Options Trading Week

UnitedHealth Group, Inc. UNH – We were just reporting on the solid gains made by our UNH idea yesterday, the UNH Weekly $270-277.50 Calls. It was a see-saw kind of a day for the markets at large, but there was still plenty of opportunity for us to increase our observed ranges on these plays since we began tracking them Wednesday morning:

UNH Weekly $270-277.50 Calls

$270: 6.00-26.50 (+342%)
$272.50: 4.21-26.00 (+518%)
$275: 3.30-20.00 (+506%)
$277.50: 2.39-21.40 (+795%)

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Johnson & Johnson JNJ –  We’ve also been following the JNJ 09/18 $150-155 Calls since last Tuesday morning, and like the play above, are returning for the second straight day to highlight the impressive gains we’ve witnessed thus far:

  JNJ 09/18 $150-155 Calls
$150: 2.90-10.17 (+251%)
$155: 2.27-7.50 (+230%)
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The success with our options calls just kept coming this week, and that includes a pair of our ideas that were fresh for yesterday morning. We signaled interest in calls in the ABT and TSM chains, and saw some really nice moves there as well.

ABT Weekly $90-92.50 Calls
$90: 2.00-7.10 (+255%)
$92.50: .85-5.00 (+488%)
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TSM Weekly $50-52 Calls
$50: 1.86-3.16 (+70%)
$50.50:1.55-2.50 (+61%)
$51: 1.30-2.15 (+65%)
$51.50: .57-1.70 (+198%)
$52: .65-1.26 (+94%)

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More Fresh Ideas: 
STT Weekly $60-65 Calls*
KSU Weekly $136-140 Calls*

*Never trade options with a weekly expiration on Friday unless you’re an expert level trader with access to disposable funds!


Moderna Inc. MRNA

We began tracking MRNA at the end of February, initially tagging the stock on February 27th and then again on March 16th. After seeing a low of 19.31 following that report, MRNA has been making steady headway in its run up the chart which has persisted for more than a month now.

Yesterday we saw a new recorded high of 41.55, which represents an overall increase of 115% since we began following the activity in MRNA.


Extended Watchlist:
CBDL, TURV, CNBX, DECN, GLGI, PWRMF, SBES, PCTL

4-Pack of Fresh Options Ideas

Options Updates

Despite a one day disruption on Tuesday to our near-perfect trading day attendance record over the last ten years, we got right back in the saddle yesterday, and back to full strength. We highlighted some possible options opportunities in yesterday morning’s newsletter, and among those were the UNH Weekly $270-277.50 Calls & the SPY Weekly $280-276 Puts.

UNH Weekly $270-277.50 Calls
$270: 6.00-13.11 (+119%)
$272.50: 4.21-11.15 (+167%)
$275: 3.30-8.99 (+172%)
$277.50: 2.39-7.50 (+214%)
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SPY Weekly $280-276 Puts
$280: 4.76-6.51 (+37%)
$279: 4.26-5.83 (+37%)
$278: 3.82-5.30 (+39%)
$277: 3.36-4.78 (+42%)
$276: 3.01-4.29 (+43%)
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We’ve also been tracking a longer-term set of ideas in the Johnson & Johnson chain, the JNJ 09/18 $150-155 Calls. The stock has been on a steady incline since we flagged this play last Tuesday morning, leading to the following moves:

  JNJ 09/18 $150-155 Calls
$150: 2.90-9.00 (+210%)
$155: 2.27-6.70 (+195%)


Fresh Options Ideas

ABT Weekly $90-92.50 Calls
BBBY Weekly $4.50-5.50 Calls
TSM Weekly $50-52 Calls
SMPL 08/21 $20-22.50 Calls


Extended Watchlist:
SPXA, OZSC, GCAN, TLSS, GRNF, EDNT, SNGX, DYNT, XNET, VGTL