TriNet Group, Inc. TNET
In our premarket report on Halloween, we had identified a number of options ideas. One of the ones we put on a longer-term watch was TNET 12/20 $55 Calls, and it has been a really good idea so far.
TNET stock has been in a near-continual uptrend in the eight trading days since that report, and last week, we observed a number of Form-4’s (insider buying) being registered, which bodes well for the stock’s future performance.
In the meantime, we’ve seen a 113% move out of our highlighted contract set, from .80 to 1.70. That figure will continue to improve for as long as the stock maintains its impressive steady upward climb, with nearly six weeks until expiration.
ROK Weekly $195-200 Calls
DXC Weekly $30-32 Calls
IFMK, MTNB, MYOV, JASN, INFN, DRRX, AEIS, AMRN
The Week’s Top Winners
Cisco Systems, Inc. CSCO – Among our fresh options ideas that we provided readers in yesterday’s premarket report, was a range of calls in the CSCO chain after the company issued much better Q1 figures than were expected.
Our targets were the CSCO Weekly $45-50-47.50 Calls and not only did they all produce instant opportunities for single-session profits, but those gains ended up being absolutely huge multi-bag intraday runs:
$45.50 Calls – Range: .40-1.33 – Max Gain: 232%
$46 Calls – Range: .20-.91 – Max Gain: 355%
$46.50 Calls – Range: .10-.54 – Max Gain: 440%
$47 Calls – Range: .03-.30 – Max Gain: 900%
$47.50 Calls – Range: .03-.11 – Max Gain: 266%
We also had signled the Amarin Corp AMRN Weekly $15.50-17 Calls and those too produced multi-bag rips across the board:
$15.50 Calls – Range: 1.22-3.90 – Max Gain: 220%
$16 Calls – Range: 1.00-3.00 – Max Gain: 200%
$16.50 Calls – Range: .69-2.90 – Max Gain: 320%
$17 Calls – Range: .52-2.00 – Max Gain: 285%
Today, we’ll look to potentially roll up our strike prices on AMRN to the Weekly $17 & $18 Calls*.
PCG Weekly $24-26.50 Calls*
*NEVER trade weekly options on a Friday unless you are expert-level trader with disposable funds
NE, EOX, FPAY, ZAYO, AEZS, GSL, OGEN, SDRL
We’re sticking with options as we head into the end of what has been quite a difficult week for stocks in general. All things considered, we still feel it’s the most probable way of coming by short term gain opportunities, even amid less-than-ideal conditions.
Walmart, Inc. WMT – Walmart reported its Q3 earnings this morning, and looks like our top target for the day as a result. Heightened sales, both brick and mortar and via Walmart.com, was the name of the game, as the company jacked up guidance on profits for the 2019 full year.
These developments are definitely moving the needle this morning, so we’re going to want to track the WMT Weekly $101-104 Calls.
Cisco Systems, Inc. CSCO – In its own Q1 report in the post-market yesterday, we have an untraded-upon earnings and revenue beat for CSCO, so we’re also going to formulate an idea here.
In conjunction with a solid multiple bottom formation on the chart, the present conditions may favor our chances for a quick strike trade on the CSCO Weekly $45-50-47.50 Calls.
AMRN Weekly $15.50-17 Calls
TROV, PRPO, NAKD, GTE, WUBA, NBEV, EARS, VIPS