RAD Updates & More

Rite Aid Corp. RAD – Update.

We have been attacking the RAD options chain on a number of fronts, most recently being Friday morning, when we issued a couple of sets of ideas. Today we will focus on those expiring this Friday, which were the RAD 01/03 $21-23 Calls.

We’ll continue to monitor these plays throughout the rest of this holiday-split week, but for now, here were the ranges and total possible gains on those five sets of RAD contracts:

$21 Calls
: 2.00-4.90 (+145%)
$21.50 Calls: 1.07-2.51 (+135%)  
$22 Calls
: 1.50-2.46 (+64%)
$22.50 Calls: 1.18-2.10 (+83%)
$23 Calls: .78-2.01 (+158%)

We also signaled interest in a much longer term RAD idea on Friday morning, with the  RAD 04/17 $27-30 Calls, which we are not quite ready to report on just yet, but will continue to monitor into the New Year.
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Fresh Options Idea:
Pampa Energia PAM 03/20 $22.50-25 Calls 


Extended Watchlist:
NIO, ACST, SVRA, YAYO, NIO, SPHS, OCUL

Blue Horseshoe Stocks: 900% Gainer & More

SPDR S&P500 (ETF) SPY – Options Explode

Yesterday morning we added a fresh options trading idea for the SPY chain, namely the Weekly $289.50-291 Calls and we are happy to report that not only was our idea spot-on, but the intraday gains made possible were rather eye-popping.

Here are the total possible profits that our readers could have snagged in a single session on the strength of our ideas, including an incredible NINE-BAGGER!

SPY Weekly $289.50-291 Calls 

$289.50 Calls – Range: 1.10-2.61 – Max Gain: 137%
$290 Calls – Range: .73-2.29 – Max Gain: 214%
$290.50 Calls – Range: .52-1.75 – Max Gain: 237%
$291 Calls – Range: .15-1.51 – Max Gain: 907%
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Fresh Idea:
BBBY Weekly $13-12 Puts  



Ocugen Inc. OCGN 

We also want to provide a brief update on another recent call we made, with OCGN. We tagged this one for observation as a bottom-play this past Friday morning, and already we’ve seen a pretty good swing to the upside.

The stock has traded in a range from 1.22-2.04 this week, marking a respectable  move of 67%  We’ll be interested to see if it can continue to register new highs for us in coming sessions.  



Sundial Growers, Inc. SNDL

We are seeing a very intriguing potential play on cannabis grower SNDL this morning. The recently-IPO’d stock has taken a bath in the two months following its first trades, having already been embroiled in a class-action suit. Yesterday the company showed that the claims of the lawsuit are essentially baseless, and the PPS began to recover.

We’re going to keep a close eye on the activity here in the days and weeks ahead, as the technicals of the chart are screaming upside potential at the present time. Not to put the cart before the horse, but we feel that a double from current pricing would not be out of the realm of realistic possibility.


Extended Watchlist:
TBSS, TPTX, OSTK, FOLD, ACST, AMRS, UUUU

Blue Horseshoe Stocks: DIS Options

The Walt Disney Co. DIS

The first thing on the menu this morning is to take a look at Disney on the heels of ESPN+ securing US broadcast rights to Bundesliga soccer from 2020 to 2026.

The stock is already exhibiting a fairly solid double bottom formation. What we want to see is DIS holding above the 200DMA of 125.98, and if it can manage that, we’re going to be very interested in the DIS 11/08 $133-136 Calls. 


Atreca, Inc. BCEL

We also want to radar BCEL, which is a bottom-play candidate for us as we kick off this fresh trading week. The stock nearing the 3-month mark since its IPO, and is not trading far off of its records lows at the moment.

We’re going to want to keep an eye on this play for a potential reversal ion the days and weeks ahead. The stock had a swing of over 100% last month near these levels, so we will be interested to watch and see if it can repeat itself.



Extended Watchlist:
FOSL, PAGP, BBBY, ACST, MGI, NEPT, SAEX, DF, KOOL