We’re going to start out this morning by going over some recent extended term options ideas we’ve had and the success they’re enjoying after Friday’s market rebound from Wednesday’s big dip. We are also seeing the makings of a continuation of Friday’s momentum today, so we expect to see the gains listed on our ideas to below to be expanded with another bullish session.
Agilent technologies, Inc. A – Our timing with Agilent couldn’t have been much better, citing the A 9/20 $65-70 Calls as our area of interest on Wednesday. The recovery that would follow for stocks in general would help push those targets to some extremely solid intraweek runs.
$65 Calls – Range: 3.50-6.71 – Max Gain: 92% $67.50 Calls – Range: 2.30-4.48 – Max Gain: 95% $70 Calls – Range: 1.35-2.80 – Max Gain: 107%
Boeing Corp. BA - We have been tracking a range of Boeing calls since early this month, signaling our interest in the BA 09/06 $340-350 Calls on the morning of August 5th. We’ve seen some pretty good activity from four out of those five sets of contracts, and will continue to monitor for further gains as we mentioned above.
Alibaba Group Holding Ltd. BABA – Review
On Friday morning, apart from recapping the amazing options idea we proffered in last week’s reports, we formulated one final fresh idea for the week. That was the BABA Weekly $165-162.50 Puts, and the performance there did not disappoint.
We sussed out multibag options gainers all week long, and this short on BABA was a solid way to cap it all off. The $165 Puts ran from a low of .78 and reached 2.26, for an intraday gain of 190% The $162.50′s also fared quite well, running from 1.84-4.36, which represents a 137% rip.
SPDR S&P500 (ETF) SPY – Fresh Idea
In light of present conditions we’re observing, we’ll be staying on the short side of things with our fresh idea for today. We’re going to radar the SPY Weekly $290-288 Puts.
Allakos, Inc. ALLK 08/16 $45-60 Calls Boeing, Inc. BA 09/06 $340-350 Calls
Our first order of business this morning is to go over the fantastic options idea we formulated on Monday morning, after a massively deadly air disaster involving one of Boeing’s new model Max 8 737′s occurred over the weekend. Our targets were the BA Weekly $375-367.50 Puts, and not only did they all work, but they all exploded for huge multi-bag gains in an incredible 2-day swing of ten-to-twelve baggers!
$375 Puts – Range: 1.07-12.05 – Max Gain: 1026% $372.50 Puts – Range: 1.00-11.00 – Max Gain: 1000% $370 Puts – Range: .73-9.94 – Max Gain: 1262% $367.50 Puts – Range: .72-8.59 – Max Gain: 1093%
We’re going to flip this idea on its head after learning this morning that Boeing stands to make significant gains as a result of the Trump Admin’s $700B+ DoD budget request. We’ll look to the BA Weekly $380-385 Calls.
Momo, Inc. MOMO
We never stop hitting up options chains with good ideas that allow us to see big gains in a short timespan. You could check through years of our archives and see for yourself, but simply reading our daily reports is more than enough to get the gist. The cycle doesn’t stop.
Fresh for yesterday morning’s report, we signaled our interest in tracking the MOMO Weekly $34.50-36 Calls, and those all worked out beautifully as well in just a single session.
$34.50 Calls – Range: 1.85-3.30 – Max Gain: 78% $35 Calls – Range: 1.50-3.12 – Max Gain: 108% $35.50 Calls – Range: 1.20-2.50 – Max Gain: 108% $36 Calls – Range: 1.00-2.10 – Max Gain: 110%
We highlighted this stock in Friday morning’s premarket report, and were immediately paid potential dividends as PULM made a very solid intraday push. From a low of 1.33, PULM surged as high as 2.33 on the day. That represents a single-session gain of 75% which occurred on huge volume.
It was also sufficient to secure PULM the #2 slot on the NASDAQ top gainers list for the day. We’ll be sure to monitor its activity as we kick off the fresh trading week, in the event of a momentum spillover.
TrovaGene, Inc. TROV
Also appearing in Friday morning’s report was a reminder on TROV. We signaled this stock for observation at the end of January. It tapered back slightly to find support at a low of 2.54, and reached an impressive mark of 9.65 on Friday morning. That worked out to move of 280% in a span of roughly five weeks.
Big Lots, Inc. BIG – Options Recap
We also had the BIG 03/15 $35 & $37.50 Calls on watch in Friday’s report, and those worked out fantastically, thanks to a very nice daily performance from the stock. The $35 Calls ran hard from a low of .50 and up as high as 2.40- a move of 380% The $37.50′s dwarfed that move, exploding from a low of ,07 to .75, which works out to a daily increase of 971%
The Boeing Co. BA – Fresh Idea
We’re also going to be looking to short Boeing early on this week with the BA Weekly $375-367.50 Puts, after a disaster for an Ethiopian Airlines flight claimed 149 lives on a brand new Boeing MAX-8 737 a mere 6 minutes after takeoff. It’s all but certain to cause near-term issues for BA stock, which has already been on the decline this month.
We were banking on a market reversal yesterday in tandem with good performances from a couple earnings plays that we formulated some options ideas for, and got everything we wanted.
Both of the plays were in the tech sector, which turned out to see some of the highest incidences of recovery, and it facilitated some very nice gain opportunities for anyone who was paying attention to our ideas.
Despite the appearance of yet another reversal and possibly another down day, we are quite pleased with the double-bag, single-session gains afforded to us by these two tech stocks.
TSLA Weekly $310-317.50 Calls
$275 Calls – Range: 3.73-8.81- Max Gain: 136% $275.50 Calls – Range: 3.10-7.35 – Max Gain: 137% $276 Calls – Range: 2.41-6.21- Max Gain: 158% $276.50 Calls – Range: 2.05-5.04 – Max Gain: 146%
MSFT Weekly $104-107 Calls
$275 Calls – Range: 2.10-5.40- Max Gain: 157% $276 Calls – Range: 2.12-4.45- Max Gain: 110% $276 Calls – Range: 1.58-3.58 – Max Gain: 127% $277 Calls – Range: 1.10-2.75- Max Gain: 150%
We also had a fresh idea on Wednesday morning with The Boeing Co. BA Weekly $357.50-367.50 Calls and the surge in the markets yesterday also allowed those contracts to get legs and make some very respectable moves:
$275 Calls – Range: 4.00-7.70- Max Gain: 93% $275.50 Calls – Range: 2.60-6.00 – Max Gain: 131% $276 Calls – Range: 1.85-4.32- Max Gain: 134% $276.50 Calls – Range: 1.15-2.90 – Max Gain: 152% $277 Calls – Range: .77-1.85- Max Gain: 140%
INTC Weekly $44-45.50 Calls*
*NEVER trade weekly options on a Friday unless you’re an expert level trader with disposable funds!