Options Review, Trio of Possible Targets

Tuesday’s Runners:

We’re back this morning after an unplanned absence yesterday. We made good on our effort to sweep the board on Tuesday’s options ideas, so we’ll highlight what those did on that day before we poke around for some fresh plays for today. We managed to put together a list of four solid possibilities in our premarket report from Tuesday, and they all ran pretty well.

They were the SPY 09/15 $760 Puts, the FPS Weekly $30 Calls, the TCOM Weekly $40 Calls, and the BAC Weekly $60 Puts These were the best runs they logged on Tuesday::

SPY 09/15 $760 Puts
$760:
 1.08-3.96 (+267%)
_____

FPS Weekly $30 Calls
$30:
 1.13-3.66 (+224%)
_____

TCOM Weekly $40 Calls
$40:
 .95-1.42 (+49%)
_____

BAC Weekly $60 Puts 
$60: .69-1.42 (+106%)


Fresh Options Ideas:
SPY 09/17 $761-763 Calls*
LEN Weekly $78 Puts
SPCX Weekly $152.50-155 Calls

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
AXTI, ARQT, FPS, SMTC, CIFR, LITE, BRKR, AMRX

Form-4 Bottom Play & More

SPDR S&P500 (ETF) SPY
–
We are still actively tracking the options targets we designated in the SPY chain in Tuesday’s premarket report which were the SPY Weekly $340-341 Calls. We got some pretty nice intraday gain opportunities in the 60-80% range early Tuesday, but the following upswing that we observed in these plays yesterday was far better.

The $340 Calls registered another run from .98-3.28, which marks a 235% move, while the $341’s ran from .75-2.65, for a 253% rip.
_____

Fresh Options Idea:
DPZ Weekly $427.50-417.50 Puts 


Arcutis Biotherapeutics Inc. ARQT – Form-4 Bottom Bouncer

Following multiple Form-4 submissions to the tune of over $12M each last week, ARQT sold off and began to establish just the type of chart setup we are always on the lookout for. A recently tanked stock with a gap on the chart to the upside, that is establishing a trend off of that bottom.

Combined with the recent insider purchases, and it makes for a stock that we need to have on our watchlist in the weeks, and perhaps even months ahead.


Extended Watchlist:
ALYI, ABMC, AREC, DMDD, NUVI, ZNOG

Get Our FREE Daily Reports!