Veeva Systems, Inc. VEEV – Options Update
We closed out yesterday’s report with a fresh options trading idea in the VEEV chain, and were not disappointed with the results.
We focused on VEEV after the company posted a mammoth year-over-year sales increase in its premarket earnings report. Our specific targets of interest were the VEEV Weekly $39-42 Calls and it came as no surprise to see solid intraday gain opportunities from each and every set of those contracts.
$39 Calls – Range: 1.55-2.25 – Max Gain: 45%
$40 Calls – Range: .85-1.53 – Max Gain: 80%
$41 Calls – Range: .50-.90 – Max Gain: 80%
$42 Calls – Range: .25-.50 – Max Gain: 100%
Kibush Capital Corp. DLCR
We placed DLCR on watch in yesterday’s premarket report, and were instantly met with chances for intraday gains by this subpenny swinger. From its low of .00297 first thing in the morning, the stock eventually reached a high .0046, representing a move of 55%
It marked the third straight session that DLCR has recorded higher highs and higher lows, and with a strong close at .0044, we’ll keep an eye out for continuation of the trend. For the stock to retain our interest it we’ll want to see it hold support at or above .0037 on any pullbacks.
Casino Stocks Heating Up – Options Ideas
After an unexpected increase in August gaming revenue in Macau (world’s largest casino hub) which broke a two year downtrend, we’re seeing a number of casino-related stocks that seem poised to perform really well, at least over the short-term.
The situation is leading us to put some options ideas on the table to correspond with current conditions:
Wynn Resorts Ltd. WYNN Weekly $92-94.50 Calls
Melco Crown Entertainment Ltd. MPEL Weekly $13.50-14 Calls
Las Vegas Sands Corp. LVS Weekly $51-52.50 Calls
ANDI, AWAW, CYTK, IMUC, MAXD, HDUP, SPU, ROKA