The Clorox Co. CLX – Recap
Our sole fresh options trading idea on Friday was in the CLX chain and came on the heels of the company’s earnings drop. Bleach definitely has a big role to play during the coronavirus pandemic based on a need to keep surfaces as disinfected as possible, making this a high synergy play.
The single-session gains our idea produced during Friday’s session are certainly indicative of that, with huge multi-bag rips across the board:
CLX Weekly $190-195 Calls
$190: .90-7.50 (+733%)
$192.50: .63-5.69 (+801%)
$195: .41-3.33 (+712%)
SPDR S&P500 (ETF) SPY – Recap
We also have the final highs and total ranges on the group of SPY Puts that we signaled in Thursday morning’s premarket report. Those also turned out to be a great success, with two-day moves which also reached multi-bag status.
SPY 05/04 $291-288 Puts
$291: 2.49-9.50 (+282%)
$290: 2.14-8.60 (+305%)
$289: 1.84-7.75 (+321%)
$288: 1.54-7.00 (+355%)
Fresh Options Ideas:
BUD 09/18 $45-55 Calls
STZ 07/17 $170-180 Calls
CGC Weekly $16-16.50 Calls
TLRY Weekly $7-7.50 Calls
TSN Weekly $57-55 Puts
TGHI, GMEV, BYZN, WARM, RTTR, APDN, NNVC, YGYI, OGEN, PRTY
Huge Options Success
Yesterday morning, we offered up a couple of fresh options ideas for our readers, and thanks to another solid day for the markets, along with the earnings-fueled activity of each of these plays, we were able to see gains of an immense nature on the day.
Our ideas were the ROK Weekly $195-200 Calls and the DXC Weekly $30-32 Calls. Regardless of which chain or strike point our readers latched onto, there were impressive multi-bag profit opportunities on the table, which were as follows:
ROK Weekly $195-200 Calls
$195 Calls – Range: 4.50-11.79 – Max Gain: 162%
$200 Calls – Range: 1.96-8.00 – Max Gain: 308%
DXC Weekly $30-32 Calls
$30 Calls – Range: 1.50-5.19 – Max Gain: 246%
$31 Calls – Range: 1.15-4.10 – Max Gain: 257%
$32 Calls – Range: .85-3.20 – Max Gain: 276%
GOOS Weekly $40.50-42 Calls
LK 11/22 $19-21 Calls
Applied DNA Sciences, Inc. APDN
We also want to briefly go over yesterday’s landmark performance by APDN, a stock we most recently mentioned on October 22nd. We did see a backslide following that alert, but APDN has more than made up for it with its incredible move.
Yesterday alone, the stock made a big enough move to register as the number one gainer on the NASDAQ as it ran from 5.57-19.69, an eye-popping 254% pop.
DDOG, ONCY, SGLB, NAT, SPB, HMY, NBRV, CLVS
PetMed Express, Inc. PETS – Update
Our fresh options idea of the day yesterday morning involved the PETS chain in the wake of the company’s huge Q2 earnings beat, which precipitated the stock’s largest single session gain in 17 years.
We zeroed in on the PETS 11/15 $20-25 Calls, and the potential intraday profits on the table were nothing to sneeze at, with all three sets making multi-bag rips.
$20 Calls – Range: 2.60-6.80 – Max Gain: 162%
$22.50 Calls – Range: 1.00-4.40 – Max Gain: 340%
$25 Calls – Range: .40-2.40 – Max Gain: 500%
Fresh Options Ideas – We’ve also got a couple of new ideas to track off of this morning’s earnings calendar:
The Procter & Gamble Co. PG Weekly $123-125 Calls
Harley-Davidson, Inc. HOG Weekly $38.50-40 Calls
CBNT, TROV, BMY, LODE, IIPR, CISN, HRTX, OBLN, APDN