Another Flip on the SPY, Fresh Ideas

Options Review: 

It has been a stellar week for options trading, despite the markets having their hiccups. Yesterday was another mixed bag in terms of the overall sentiment, but both of the quick strike options plays we were tracking in our premarket report produced immediate results for us. The volatility afforded by recent market conditions has been a real plus for daytraders.

Our designated targets for yesterday’s session were the SPY 05/13 $392-389 Puts, and the DIS Weekly $101-98 Puts, and there were multi-bag intraday opportunities across the board in both ranges. Below, we’re going to flip our stance on the SPY as well, something we’ve done successfully many times in recent sessions, so be sure to read on past yesterday’s performance figures to find those fresh targets.

SPY 05/13 $392-389 Puts
$392:
 2.40-8.02 (+197%)
$391: 2.02-7.30 (+262%)
$390: 1.74-6.60 (+279%)
$389: 1.47-5.90 (+301%)
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DIS Weekly $101-98 Puts
$101:
 .36-.95 (+164%)
$100: .23-.66 (+187%)
$99: .16-.43 (+169%)
$98: .11-27 (+145%)


Fresh Options Ideas:
SPY 05/13 $395-398 Calls*
AFRM Weekly $23.50-25 Calls*
SBUX Weekly $70-72.50 Calls*

**Please don’t try to trade options on their day of expiration unless you are well-versed in options trading! 


Extended Watchlist:
MULN, OTRA, ALNA, CALA, PTE, HOOD, MYSZ, SYSX, IGEX, TGGI, ENZC, DMAN, NSAV, SFOR

Multiple Key Updates, Fresh Options Ideas

SPY Short Proves Tactful: 

With the markets looking like they were headed in the wrong direction yesterday morning, we targeted the SPY with a bearish set of options contracts that we slated for observation.

Those targets were the SPY 11/10 $467-465 Puts, and were spot-on in our choice to go for a short on the day. The intraday movement and total possible profits from those ideas were eye-opening, with two out of our three designated plays ripping off gains of more than a thousand percent!

SPY 11/10 $467-465 Puts
$467: .55-4.95 (+800%)
$466: .28-3.90 (+1293%)
$465: .13-3.00 (+2207%)
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Fresh Options Ideas:
MQ 11/19 $27.50-30 Calls
WB Weekly $46-48 Calls
AFRM Weekly $162.50-170 Calls

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Susglobal Energy Corp. (OTCQB:SNRG) – Update:

We’re circling back around today to provide another update on SNRG, the waste-to-energy company upon which we focused a special report on Monday morning. (>>Read SNRG Report)

We considered SNRG to be at a good spot on the chart, and after just three sessions, it has certainly shown us to be accurate in our assessment. From the low that it registered on Monday, it ran to a high of of .299 yesterday which marks an increase of 53%, and that came on 462,400 shares traded, which comes in at more than twice the 30-day average volume (146,719) in the stock.

Be sure to check out our focus report on SNRG when you get a chance, and stay tuned to our daily reports for further updates as they become available.

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Trans Global Group, Inc. TGGI – Update:

We also have a brief update on TGGI, an stock we’ve been tracking for quite some time. Our first of many mentions came three months ago on August 12th, after which time we observed a low of .003 in the stock.  This week, TGGI traded as high as .0284. That’s an incredible rise of 847%
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Extended Watchlist: 
PPSI, RWLK, CGEN, SOFI, RIDE, OZSC, SMURF, NNAX, CRYO

Hot Options Runners, Fresh Ideas & More

Friday’s Winning Selections: 

We’re kicking things off this week the same way we always hope to do, which is presenting the excellent gain opportunities that our Friday options ideas afforded ourselves and our readers. As usual, most of our targets yielded excellent intraday gains opportunities.

The winning plays were the AFRM 09/17 $110-120 Calls, the PLAY Weekly $37-39 Calls, and the TIGR 09/17 $12.50-15 Calls, which all fared quite well on the day. We were commenting on the fact that we’re heading into another period of a relatively thin earnings calendar, but we managed to unearthed some multibag runners nonetheless.

The ranges and total possible gains on those plays were as follows:

AFRM 09/17 $110-120 Calls
$110: 3.10-17.50 (+162%)
$115: 2.00-13.50 (+193%)
$120: 1.25-10.12 (+112%)
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PLAY Weekly $37-39 Calls
$37: .51-1.32 (+162%)
$37.50: .21-1.00 (+193%)
$38: .14-.65 (+112%)
$39: .09-.24 (+171%)
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TIGR 09/17 $12.50-15 Calls 
$12.50: 1.80-3.40 (+162%)
$15: .60-1.49 (+193%)


Fresh Options Ideas:
SPY 09/13 $446-448 Calls*
APLS 10/15 $30-40 Calls

*These calls expire at the end of the session today. Please don’t dabble in options on their day of expiration unless you are an advanced level trader with access to disposable funds!


Extended Watchlist:
ATER, LPTX, BLU, HEPA, IDGC, MAXD, ALGEF, BBBT, AGGI, HRAA, TWOH, PHIL, ETST, MTRT