Bitcoin Boom Related Ideas
With Bitcoin values pushing past $28K we want to start of this morning by identifying some related options ideas. In addition RIOT and MARA, which are directly connected to btc, we will also be entertaining an idea for OSTK, which seems to have a tendency to run concurrently with the digital currently.
Our specific targets in each of these potential plays are going to be as follows:
RIOT Weekly $15-16 Calls
MARA 01/15 $13-15 Calls
OSTK Weekly $47.50-58 Calls
Unrelated to Bitcoin, we also want to signal some calls in AZN as the company hopes its COVID-19 shot developed in conjunction with Oxford University will receive UK approval presently. We’re going to radar the AZN 01/08 $50-52 Calls.
Optech International Inc. OPTI
We have been tracking a relatively large amount of OTC stocks compared to what has become typical for us over the years. The most recent success story there happened last week in the form of OPTI, as we mentioned the stock in our reports from Wednesday and Thursday morning.
On Wednesday, we observed a low of .0576 which gave way to a new high of .0914 on Thursday. That works out to an overall move of 59%, a figure we would expect to see increase with the resumption of trading today based on the premarket activity we’re observing this morning.
CURR, PBIO, AITX, DSGT, ENZC, FUTL,
Solid Options Results
We are no strangers to options trading success, and we try to put forth as many high-potential ideas as we can as often as possible. Yesterday we offered up our best shot at four separate ideas, mostly-earnings related, and we hit on each and every one!
Here is a quick rundown of those targets and the highly respectable single-session performances they put forth for us, as well as the huge 19 and 26-baggers we tracked from Wednesday to yesterday:
MSFT Weekly $177.50-180 Calls
$177.50: 4.28-6.31 (+47%)
$180: 3.16-4.92 (+56%)
TSLA $840-860 Calls
$840: 1.55-3.86 (+149%)
$850: 1.12-2.79 (+149%)
$860: .83-1.97 (+137%)
SPY 05/04 $291-288 Puts
$291: 2.49-4.62 (+86%)
$290: 2.14-4.12 (+93%)
$289: 1.84-3.60 (+96%)
$288: 1.54-3.18 (+106%)
Updated Strikes: SPY 05/04 $283-282 Calls
MCD Weekly $185 Puts
$185: .75-3.85 (+413%)
We also had AZN Weekly $52-53 Calls in Wednesday morning’s report, and those produced some Earth-shaking moves into yesterday’s session:
$52: .10-2.00 (+1900%)
$53: .04-1.11 (+2675%)
CLX Weekly $190-195 Calls
AMC Entertainment Holdings Inc. AMC – Recap
Despite a rather bearish day for the markets in general, our bullish AMC options idea worked out quite nicely for us yesterday. We had signaled a single contract set with a June expiration, and got instant double-bag results.
Our specific idea was the AMC 06/19 $4 Calls, and they traded in a range from .55-1.15, for total possible gains of up to 109% on the day.
The company announced it won’t be playing Universal Studios films in the future as a result of NBCUniversal’s plans to release movies direct-to-home on-demand. It will be interesting to see how this affects our idea going forward, but as it stands, we’re happy with the single-session performance it recorded yesterday.
Fresh Options Ideas:
All of the following plays have reported earnings this morning, so as usual, we’re going to try to use the corresponding volatility to our advantage in hopes of seeing some nice gain opportunities:
AZN Weekly $52-53 Calls
MA Weekly $272.50-277.50 Calls
BA Weekly $138-140 Calls
XALL, ITOX, AMAZ, OZSC, TLSS, NAT