Kate Spade & Co. KATE – Recap

We began tracking a set of options ideas for Kate Spade in Thursday morning’s premarket report, targeting the KATE Weekly $20 and $21 Calls in the wake of earnings, despite the retail market as a whole being a bit shaky of late. We observed them at lows of 1.41 and .65, respectively.

We then updated our readers as to the excellent gains made by those contracts on Friday, but the party wasn’t over yet. New highs were reached in both cases, with the $20 Calls shooting as high as 3.65 marking a two-session swing of 159% and the $21 Calls topping out at 2.37, a two-day rip of 264%

Unilever PLC (UL)

New for Friday’s morning report was our idea on Unilever following its own earning  report. We caught the stock exhibiting some bullish premarket activity, and came forward to highlight the UL Weekly $42.50-47.50 Calls for potential daytrades.

We were spot on in targeting that range of contracts, as they all provided ample opportunities for intraday profits, including a chance at a massive windfall with the $47.50′s:

$42.50 Calls – Range: 3.80-6.18 – Max Gain: 63%
$45 Calls – Range: 1.40-3.60 – Max Gain: 157%
$47.50 Calls – Range: .05-1.33 – Max Gain: 2560%

Other Updates From Friday

VNUE, Inc. VNUE - We tagged VNUE in Friday morning’s extended watchlist, and it ultimately ended up being our top pick of the day on the stock side of things.

Starting out from a low of .0015, this subpenny streaker broke out to a subsequent high of .0033, marking a 120% rip on roughly three times the monthly average volume. We’ll want to keep an eye skinned for the possibility of further action, as VNUE ended up closing at its high of day.
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Franchise Holding International, Inc. FNHI – Also performing notably was FNHI, which made more modest, yet still solid intraday moves. It started out with an early pop from .017-.0269, a 58% uptick, before pulling back to .019 and returning to .025. That added a 32% gain to the daily cumulative total.

Petrogas Co. PTCO – Potential Bottom-Play

We’ve pointed out on the chart below why we think that PTCO could be primed for a bottom-bounce breakout at any minute. The stock is currently looking oversold, with the price rebounding off of a previous support area, over just the last two trading days.

We’re going to want to watch this one like a hawk, as the technical seem to indicate a major run could occur in the very near future.

Wal-Mart Stores, Inc. WMT – Options Update

Lastly, we want to rehash a longer-term options idea we formulated for WMT back on January 31st. We noticed the stock rebounding off recent lows at the time, and signaled the WMT 03/03 $68-$69.50 Calls. It has been almost nothing but bullish activity on the chart since then, and those ideas have panned out quite nicely.

$68 Calls – Range: .86-2.29 – Max Gain: 166%
$68.50 Calls – Range: .57-2.02 – Max Gain: 254%
$69 Calls – Range: .48-1.80 – Max Gain: 275%
$69.50 Calls – Range: .41-1.42 – Max Gain: 246%

Additionally, WMT is gapping up hard this morning in premarket trading, so we want to stay laser focused on these ideas, as our observed ranges are almost certain to see increases as a result. In fact, the WMT PPS is so high at this point, we’ll be looking to roll up to the range of $72-73 Calls if the bonanza on the WMT chart continues.

Extended Watchlist:
CYH, ADHC, AFPW, OWCP, GNBT,