Keeping an Eye on Solar
This week has brought some very interesting plays in the solar energy sector. We’ve already seen big gains from SPI Energy Inc. SPI, JinkoSolar Holdings. Inc. JKS, and SunWorks Inc. SUNW, and would like to keep our eyes peeled for other opportunities in the arena which may be boosted by the volatility in those moves.
Yesterday alone, SPI went parabolic as it popped off from a low of 3.30 and hit 46.67 for an intraday run of over 1300%, SUNW ran from .73-4.57 (+526%), and JKS continued a month long run with a solid jump from 28.30 to 33.74 (+19%).
What this all tells us, is that a lot of eyeballs are sure to be flooding the solar space in coming sessions, and we’d like to formulate an options idea in the Invesco Solar ETF (TAN), which is presently flirting with a double top, the breaking of which would put it into blue sky territory. To make things interesting, we are going to place the TAN 10/16 $54-56 Calls on watch.
Another Fresh Idea:
JEF 10/16 $17.50-20 Calls
JE, XTRM, CHNC, EVUS, BANT, DECN, BLLB, FSLR, CSIQ
Out of our options ideas in Friday’s report, the two targets that would have paid off the most were the WDAY Weekly $235-245 Calls and the DELL Weekly $62.50-65 Calls
and especially in the WDAY day, we saw considerable multibag moves on the day.
So we’re going to kick off this fresh trading week by going over the total possible gains on those plays, which were as follows:
WDAY Weekly $235-245 Calls
$235: 5.54-13.78 (+300%)
$240: 2.36-8.90 (+277%)
$245: .38-3.99 (+950%)
DELL Weekly $62.50-65 Calls
$62.50: 3.85-5.09 (+32%)
$65: 2.40-3.36 (+40%)
Fresh Options Ideas:
We’ll go ahead and keep the options train chugging along the tracks this morning. Despite not having a very full boat on the earnings calendar today, TSLA and AAPL have both undergone forward splits today on the heels of setting new record highs. We are going to formulate a couple of ideas to correspond with the new PPS values.
TSLA Weekly $447-455 Calls
AAPL Weekly $125-127.50 Calls
ALYI, AABB, AIMT, AAWC, BANT, CMGO,
Digital Locations Inc. DLOC
We tagged DLOC in yesterday morning’s report just in the nick of time to catch one of the top sessions in the stock’s history. On all time high daily volume, the stock cruised from a low of .07 all the way up to .35, marking a fantastic 400% ripper on the day.
We have been supplementing our options plays with some select OTC picks as well, and this is a fine example of why. The opportunities have been there for anyone with the wherewithal to look (or read our daily reports).
We also highlighted some options ideas that we thought might work out for yesterday’s session in AAPL and ADBE, as well as some SPY calls, and we were met with considerable success. All six of the designated sets in our target ranges produced double-bag gains or better.
AAPL Weekly $360-365 Calls
$360: 5.85-13.57 (+132%)
$362.50: 3.45-11.55 (+235%)
$365: 3.35-9.70 (+190%)
ADBE Weekly $435-445 Calls
$435: 6.00-12.43 (+107%)
$440: 3.20-8.95 (+180%)
$445: 1.80-5.66 (+214%)
Fresh Options Idea
AVAV 07/17 $75-80 Calls
SGMD, BRLL, BSTK, AITX, OZSC, BANT, HALB, FCCN, PLUG, FCEL