Tag: AXSM

AXSM Runner, Options Ideas

Axsome Therapeutics, Inc. AXSM 

We’ve got a major recent success story to tell with AXSM today. We highlighted this stock roughly seven weeks ago in our report on October 16th, and AXSM has done very little else but continue to press upward, setting new highs on a practically daily basis.

We would tag in yesterday’s report once again before seeing the stock attain new highs for the umpteenth time in recent weeks.  Our observed low following our initial alert is 20.48, and as of yesterday’s brand new high of 47.24, that marks a fantastic swing of 131% There’s no telling where this wild ride will let off, with the stock having already been firmly in Blue Sky territory for well over a week now.

Fresh Options Ideas

Workday Inc. WDAY reported on earnings in the post-market yesterday, and despite a beat on sales and earnings, the company’s forecast precipitated a shakedown of the stock. We’re going to sit on the bearish side of the fence and monitor to the WDAY Weekly $167.50-165 Puts

Excelon Corp. EXC is simply a double-bottom, potential extended-term rebound idea that we want to offer up. We’re going to begin tracking the EXC 02/21 $45-47 Calls, with the stock looking due for a recovery at any time.

Extended Watchlist: 
DBVT, YTEN, ASLN, WKHS, TYME, CHK, CLVS, CPST

Big Gainers, New Ideas

Donaldson Company Inc. DCI

With the earnings calendar still looking a bit light following the Thanksgiving lull, we are seeing one potential opportunity showing some synergy with the current market environment.

DCI missed on earnings published this morning, while also having been exhibiting a strong double top formation (bearish signal). Along with what looks to be a strong chance of another lackluster day for the markets at large, we are going to begin tracking the DCI 12/20 $50-45 Puts. 

Kodiak Sciences, Inc. KOD 

We also wanted to review the epic single session performance of KOD, which we included in yesterday’s premarket extended watchlist.

The stock responded with a huge run from 35.00 to a high of 72.97. That works out to an intraday surge of 108% which is simply incredible for a stock in this price range.

Organogenesis Holdings Inc. ORGO

Lastly, we’ve got a number of factors drawing our interest to ORGO. From a technical standpoint, the stock is looking ripe for rebound off of its bottom and potential topside gap fill.

Meanwhile, an institutional insider filed a Form-4 for the purchase of $30M near the current lows. When considering the entire picture, ORGO is definitely one that we will want to observe closely in the days, and possibly weeks ahead.

Extended Watchlist: 
ADSV, ADAP, ABIL, ABEO, AXSM, SNSS, ORTX, BRMK

Blue Horseshoe Stocks: Big Options Plays

Roku, Inc. ROKU 

We’re coming back for our recent extended-term ROKU calls once again this morning, as the stock’s performance yesterday provided the impetus for the addition of more big-time gains.

On the morning of September 23rd we targeted the ROKU 11/01 $115-118 Calls, after several pushes, we have now arrived at the following total possible gains in the three weeks since we alerted on these ideas.

$115 Calls – Range: 3.00-18.25 – Max Gain: 508%
$116 Calls – Range: 3.60-17.75 – Max Gain: 393%
$117 Calls – Range: 2.82-16.35 – Max Gain: 480%
$118 Calls – Range: 2.50-15.90 – Max Gain: 536%

More Options Review 

Yesterday we offered up a pair of fresh options trading ideas in the JNJ and UNH chains. Our shrewd calls, with the help of a majorly bullish session for the markets as a whole, provided us with the following opportunities in those calls that we highlighted. 

JNJ Weekly $130-132 Calls
$130 Calls – Range: 2.66-4.21 – Max Gain: 58%
$131 Calls – Range: 1.94-3.40 – Max Gain: 75%
$132 Calls – Range: 1.33-2.60 – Max Gain: 95%
____

UNH Weekly $222.50-225 Calls
$222.50 Calls – Range: 9.00-17.20 – Max Gain: 91%
$225Calls – Range: 7.35-15.00 – Max Gain: 104%

____

More Fresh Ideas:
BAC Weekly $29.50-31 Calls
SNBR Weekly $47-49 Calls
UAL Weekly $89-90 Calls

Extended Watchlist:
VIVE, XBIO, AXSM, FTR, APDN, CTST, ALRN