Fastenal Co. FAST – Recap
We have had a continuous run of good fortune with our past several options calls over the last few weeks, and we continued to press our luck yesterday in signaling a range of options ideas for FAST.
We highlighted the FAST Weekly $50-55 Calls as our fresh idea in yesterday morning’s premarket report, and not only did each of them provide chances for single-session profits, but they did so in absolutely grand fashion.
Serious multi-bag moves were on the menu regardless of which of the three strike points in our selected range was chosen by traders, with the $55’s being the most eye-popping with 38-bagger!
$50 Calls – Range: 1.65-6.50 – Max Gain: 294%
$52.50 Calls – Range: .45-4.00 – Max Gain: 789%
$55 Calls – Range: .05-1.98 – Max Gain: 3860%
Fresh Idea :
Delta Airlines, Inc. DAL Weekly $49.50-51.50 Calls
Idera Pharmaceuticals, Inc. IDRA
We also want to place IDRA on bottom watch this morning after noticing how oversold the stock has become.
A merger agreement, one that wasn’t particularly favored to begin with, was cancelled, causing a big selloff. The kicker, is a literal ‘kicker’, a cancellation fee of $6M payable to IDRA by the proposed merger partner. That’s why we feel now is a good time to begin watching IDRA for a possible bottom bounce.
STAF, ZGNX, PZZA, NTRA, BBOX, CHFS, FTWS, RDGL