SPDR S&P500 ETF (SPY)
On Friday we were just mentioning how SPY options has been a go-to trade for us. We talked about the most recent occurrence, when we signaled some SPY Calls earlier this month that produce multi-bag gain opportunities.
We said we would be tracking the SPY Weekly $263.50-265 Calls on Friday and it should come as no shock that we once again struck it big with our favorite ETF. Each of the four contracts contained within our specified range logged huge gains on the day.
Here are the intraday moves made, and the total possible gains that were available to anyone who was following our idea:
$263.50 Calls – Range: 1.09-3.94 – Max Gain: 261%
$264 Calls – Range: .47-2.96 – Max Gain: 530%
$264.50 Calls – Range: .51-2.46 – Max Gain: 382%
$265 Calls – Range: .33-2.00 – Max Gain: 506%
Logitech International, Inc. LOGI
We’ve also taken notice of LOGI on the heels of its Q3 earnings report, wherein the company has reported record sales for the quarter, not to mention raising guidance for the full year. As a result it presently appears to be the most attractive stock on the earnings calendar.
We are going to signal a range of calls in the LOGI chain to observe in the days and weeks ahead- the LOGI 02/15 $34-35 Calls.
TVON, TTNP, AVGR, EDU, KNDI, ATIS,
Aytu Bioscience, Inc. AYTU
We’re always on the lookout for a bargain, and we may have a prime bottom play opportunity in AYTU in the near future. The stock has been on the downtrend for a couple of months, and is presently very heavily oversold.
We’re going to put this play on our radar and watch carefully for a bottom-bounce which appears to be imminent. Gaining back even half of the ground its recently lost would mean more than a dounble from the current PPS.
SPDR S&P 500 ETF (SPY)
We’re also looking at the SPY today after a lackluster finish to last week. Market sentiment still appears to be bearish as we ready ourselves to kick off this fresh trading week.
We are going to be tracking a set of bearish options, particularly the SPY 10/08 $288.50-$287.50 Puts. Keep in mind that these expire at the end of the day, thus should be treated as weekly options on a Friday. Only expert traders with disposable income should attempt these kinds of trades.
BBD, CIG, CRMD, RGSE, MOSY, PAGS, JAGX, ATIS
Canopy Growth Corp. CGC
Ever since Constellation Brands’ (STZ) added a multi-billion dollar block to its stake in CGC, the corresponding options idea we put out on Wednesday morning continues to pile on new highs.
Our designated targets were the CGC 09/21 $30-40 Calls, which as of yesterday morning had already produced chances at gains ranging from 150-350% Those ranges were extended by a wide margin thanks to yesterday’s activities.
$30 Calls – Range: 1.76-7.70 – Max Gain: 338%
$35 Calls – Range: .56-3.90 – Max Gain: 596%
$40 Calls – Range: .16-1.75 – Max Gain: 994%
(Note: The 32.50 and 37.50 calls didn’t trade much volume until yesterday session, where they too produced sizable gains)
TJX 09/21 $105 & 110 Calls
GDX 09/21 $18.50-19.50 Calls
GALT, AMDA, ATIS, OHGI, JMU, NVDA, NFLX
Zillow Group, Inc. Z
We targeted a set of ideas for the Zillow options chain yesterday, namely the Z Weekly $48-49 Calls, as the company was coming off of its Q3 earnings release.
The stock gapped down fairly significantly, however it launched into an immediate rebound that made some solid gains possible in our highlighted contracts. Here are the total possible intraday gains which could have been achieved on the back of those ideas.
$48 Calls – Range: 1.30-2.23 – Max Gain: 75%
$48.50 Calls – Range: 1.10-1.70 – Max Gain: 55%
$49 Calls – Range: .80-1.40 – Max Gain: 75%
Weibo Corp. WB
We’re simply going to stick to our running strategy of hitting up plays that have just seen their respective companies report on earnings. Chinese internet stocks have been flagging of late, and WB is at this point, extremely oversold.
We could envision a longer term scenario in which WB sees a replacement back to $100-110 range, however we are just going to roll with some quick-strike ideas for now. We’ll be tracking the WB Weekly $86-88 Calls as we head into week’s end.
ETM, ATIS, IAC, MTBC, BOOT, MTCH
Darden Restaurants, Inc. DRI
On occasion, we’ll see an opportunity for a longer term move in a stock, and instead of signaling weekly options, we’ll select a later expiration date. This is what occurred with DRI, when we signaled the DRI 07/20 $100-115 Calls back on the 22nd of last month.
After roughly three weeks, DRI has done little else other than continue to climb, and it has provided some really great chances thus far in these contracts that are set to expire this Friday.
Here are the total gains that have been made possible by this idea to date:
$100 Calls – Range: 3.00-12.30 – Max Gain: 310%
$105 Calls – Range: .90-7.30 – Max Gain: 711%
$110 Calls – Range: .30-2.50 – Max Gain: 733%
$115 Calls – Range: .05-.55 – Max Gain: 1000%
Biocept, Inc. BIOC
We also want to track back to our tag of BIOC from Friday. The stock had been showing the beginnings of some bottom bounce activity earlier in the week, and our hunch that further gains were possible turned out to be correct.
BIOC traded in a daily range from 7.06 on up to a high of 12.15, which represented an intraday pop of 72% on Friday.
VLRX, RGSE, ATIS, ARNC, PULM, KOOL, SNES