We focused on stocks quite a bit earlier on in the week, so this morning we wanted to take the opportunity to put another potential options play into the mix. We’re constantly looking for company’s that have just reported earnings, which gives us the potential for the volatility that we want.
In the case of ATVI, while its quarterly figures were lacking, the tock was at a bottom, and appears to want to go green today. We will put the ATVI Weekly $42-43.50 Calls on watch this morning, and monitor for the remainder of the week for a possible rebound off of what was its new 52-week low, registered on Monday.
SPDR S&P500 ETF (SPY)
Our regular readers are well aware of our fondness for the SPY ETF. We have taken advantage of it on many occasions. A quick peek into our archives reveals that today is the 114th time we’ve mentioned the SPY in our newsletters. It’s a well that we continue to draw from, with no indications of that ever changing.
Today, after such a big move yesterday wherein the SPY broke its 200DMA, we want to look for continuation of the bullish behavior we’re observing. We will designate the SPY Weekly $274.50-275.50 Calls as ones to watch as we head through this midweek.
Extended Watchlist: DBD, AVLR, FCX, ADOM, RWLK, YGYI, SN
Last Thursday morning, we included a tag of YGYI, and today we wanted to swing back around and update readers on the stock’s performance.
YGYI ended up producing a significant dip-and-rip opportunity, coming down to an even 6.00 low before taking off and hitting a high of 10.95 yesterday, in one of its biggest single-session moves of all time. It worked out to an 83% upswing. and put YGYI in blue skies, not to mention grabbing it the top gainer spot on the whole of the NASDAQ.
eBay, Inc. EBAY – Update
We also want to circle around for the extended term options plays we selected for observation, also in last Thursday’s report. Those were the EBAY 11/23 $33-35 Calls, and they’ve gotten off to a good start for us so far. In the four sessions since we highlighted these plays, all three have produce gains of a significant nature:
$33 Puts – Range: 1.22-2.45 – Max Gain: 101% $34 Puts – Range: .82-1.75- Max Gain: 113% $35 Puts – Range: .60-.86- Max Gain: 43%
With tons of time remaining until expiration, we’ll be eager to continue tracking these ideas for further moves.
TJX found its way to our premarket report yesterday morning,after the company posted a solid quarterly release.
To coincide with the activity we were observing, we slated a range of options ideas to keep track of, the TJX 06/15 $85-90 Calls. We are pleased to report that there were some nice gains available to traders before noon.
$85 Calls – Range: 2.14-3.90 – Max Gain: 214% $87.50 Calls – Range: .90-2.50 – Max Gain: 178% $90 Calls – Range: .35-1.10 – Max Gain: 214%
Each of the following have been picks we’ve included in our daily reports from roughly the last month or so. We have included our alert date, observed lows, and subsequent highs along with the total possible gains that were on the table.
ARQL (04/18) 2.40-4.20, +75%
SDR (05/18) 1.26-1.74, +38%
HTBX (05/14) 1.35-2.00, +48%