We offered up four sets of options ideas in our premarket report yesterday, and three of those four ended up being solid movers on the day. We can’t always be flawless, but having said that, three out of four isn’t half bad!
Our designated targets were the SPY 11/15 $467-469 Calls, the AAP Weekly $240 Calls, and the ACM Weekly $70-72.50 Calls. Some of the gains we observed were fairly modest, but we had some nice multi-baggers in there as well – most notably the SPY $467 Calls which rattled off an enormous run on the day.
Here are the total ranges and possible profits that were available to anyone who was tracking these plays:
SPY 11/15 $467-469 Calls
$467: .08-.70 (+100%)
$468: .12-.30 (+105%)
$469: .28-.52 (+121%)
AAP Weekly $240 Calls
$240: 6.60-9.20 (+121%)
ACM Weekly $70-72.50 Calls
$70: 2.15-3.10 (+100%)
$72.50: .80-1.55 (+105%)
Fresh Options Ideas:
AXON Weekly $195-210 Calls
HD Weekly $370-375 Calls
SE Weekly $355-362.50 Calls
KZR, BIMI, PROG, CRTD, CYTH, OZSC, DPLS, GTII, CRYO, FTXP, CBGL
Petroleo Brasileiro SA (Petrobras) PBR – Recap
After doing quite well with some PBR options to close out last week, we decided to update our idea to some weekly calls for this week yesterday morning, as we rolled up our strike range to the PBR Weekly $14.50-15.50 Calls.
With the head of steam that PBR has been building over the past several sessions, it came as no surprise to see our fresh ideas flourish as well. All three sets of contracts produced solid single session gains to start off the week:
$14.50 Calls – Range: .50-.91 – Max Gain: 82%
$15 Calls – Range: .25-.65 – Max Gain: 148%
$15.50 Calls – Range: .11-.30 – Max Gain: 173%
Extended Watchlist Recaps:
Yesterday we went over a couple of plays that have done well from our daily Extended Watchlists, and today we’ve got a few similar updates on more solid performers that we’ve tagged within the past few weeks.
General Electric, Inc. GE
Called: 12/13 (>>View Report)
Subsequent Move: 6.77-8.79 +30% (>>View Chart)
Roku, Inc. ROKU
Called: 12/26 (>>View Report)
Subsequent Move: 27.06-42.98 +59% (>>View Chart)
Bonus Options Idea: ROKU Weekly $43.50-45.50 Calls
Axsome Therapeutics, Inc. AXSM
Called: Yesterday (>>View Report)
Subsequent Move: 5.79-8.89 +54% (>>View Chart)
DRYS, TMK, BPMX, HCA, WFT, HX, EMES, AXON, DGX
We offered up a couple of fresh options ideas in yesterday morning’s report, GIS Weekly $37.50 Calls, and the MU Weekly $31-32 Calls. Despite the markets taking yet another hit in the wake of the Fed’s interest rate hike, both of those ideas managed to produce some positive intraday movement prior to the announcement.
The GIS $37.50’s traded up from 1.31 to 1.80, for a modest 37% rise, but the MU calls did considerably better, logging multi-bag gain opportunities:
MU Weekly $31-32 Calls
$31 Puts – Range: 1.03-2.47 – Max Gain: 140%
$31.50 Puts – Range: .70-2.21 – Max Gain: 216%
$32 Puts – Range: .46-1.83 – Max Gain: 298%
Axovant Sciences Ltd. AXON – Form-4 Alert
We routinely keep an eye out for brow-raising insider trading activity, and have run across AXON today. A trio of stakeholders filed Form-4’s on Tuesday alluding to the purchase of a total of $30M in AXON stock in three $10M transactions, at the current relative lows near a dollar. That amounts to over a quarter of the company’s total market value.
To us, this would seem a fairly big indicator that these institutional investors are very confident that the stock will not fall below these levels. We’ll go ahead and place AXON on an extended term bottom-watch into the New Year.
OHGI, OPTT, YRIV, GMO, PTX, GERN, SBS, NXTD, MARK, HEAR