Another Huge Session of Gainers & More

Hot Options Review:

We tracked down some solid plays for yesterday morning’s premarket report, offering up our take on some potential targets we found interesting in the BBBY and STZ chains. Both companies showed heightened activity following their earnings releases, and were also pushed along by some decent intraday market momentum.

Our specific targets issued were the  BBBY Weekly $29.50-31 Calls and the STZ Weekly $230-232.50 Calls, and they provided for the following single-session gain opportunities:

BBBY Weekly $29.50-31 Calls
 2.06-9.70 (+371%)
$30: 1.26-9.25 (+674%)
$31: .74-8.29 (+1020%)

STZ Weekly $230-232.50 Calls 
$230: 5.50-8.60 (+62%)
$232.50: 3.19-6.05 (+90%)

In Monday morning’s report we gave a couple sets of ideas in the CCIV options chain, and what we came up with was the CCIV Weekly $26 Calls and the CCIV 07/23 $27.50-28 Calls. Both the short and extended term contracts popped this week, giving us the chance to log sizable gains on these strong moves:

CCIV Weekly $26 Calls
 .50-3.05 (+510%)

CCIV 07/23 $27.50-28 Calls
$27.50: 1.49-3.90 (+162%)
$28: 1.35-3.30 (+144%)

Western Sierra Resource Corp. WSRC – Recap:

We also would like to post a quick update on a stock we tagged and began tracking at the end of last week in our report on June 25th.

Subsequent to that alert, we have observed a run in WSRC from a low of  .2045 up to a new high of .492. That works out to an increase of 141%, while volume significantly exceeded the 30-day moving average in each session over that span.

Earnings Related Options Ideas:
WBA Weekly $52-53.50 Calls
MU Weekly $82.50-83.50 Calls 

Extended Watchlist:

Blue Horseshoe Stocks: TNTR Recap & More

Tintri, Inc. TNTR

Our bottom call of TNTR yesterday morning to kick off the short week could not have been more perfectly timed. For more than two months the stock had been crushed down ever lower, reaching a new 52-week low once again on Friday.

We noted a significant swell in the amount of short interest in the stock, and now it appears as if the squeeze is on- the bottom bounce we said we’d be watching closely for happened right on cue and it was no small move. The stock saw its low at .36 and subsequently ran to .71, marking an intraday rip of 97%

We’re going to want to watch out for a more sustained recovery, and look to TNTR to establish higher lows over the coming sessions.

Dicks Sporting Goods, Inc. DKS

Dicks posted its quarterly report, and took off like a rocket in the premarket today, shooting up over 20% on a hefty earnings neat and raised guidance going forward.

We’re always in the mood to take advantage of a rapid spike in price action and volatility. We like to use options to leverage the activity to our benefit, and in this particular case, we are going to want to cast a wide net and keep a close eye on the DKS Weekly $35-40 Calls.

Added Idea:
HP, Inc. HPQ Weekly $21-22 Calls

Extended Watchlist:

Blue Horseshoe Stocks: NEWC Executive Interview & More

New Colombia Resources, Inc. NEWC On Monday of last week, we offered up a special report highlighting the business of NEWC, a company with its hands in both the mining and cannabis sectors. If you missed out on that report, we’d suggest you check it out now: NEWC Special Report.

Today, we’re going a step further, with an exclusive executive interview video that we’d like to present. Our interview outlet, Stock Traders Talk is back this morning after having conducted a talk with New Colombia President John Campo about the various facets of his business. It gives our readers a chance to get the skinny on NEWC straight from the horse’s mouth, so to speak, so don’t miss out!

We also took a minute to prepare a snapshot of the current NEWC chart:

BioNovelus, Inc. ONOV

Beginning in April and up until our most recent mention of the stock last month, we tracked ONOV to exponential gains which took it from .006 to .15; a 2400% increase!

This week, the stock has been ramping up to incredible new highs yet again, logging three consecutive sessions of higher highs and higher lows that have taken it up to .43. That works out to a 187% jump from our observed low last month, and a mind-melting 7067% over our all-time low from this spring.

Anything from this point on would be icing on the cake, but we’ll want to see the stock maintain support off of a recent swing high at .185 to remain interested.

Netflix, Inc. NFLX –  Options Idea

Yesterday we signaled the NFLX Weekly $88-85.50 Puts after a poorly received earnings report from the prior day was causing the stock to backslide in the premarket.

Our hunch to stick with a bearish sentiment payed instant dividends, with every single contract contained in our observed range making notable intraday increases:

$88 Puts – Range: 2.50-4.00 – Max Gain: 71%
$87.50 Puts – Range: 2.24-3.69 – Max Gain: 64%
$87 Puts – Range: .85-3.23 – Max Gain: 292%
$86.50 Puts – Range:  .74-2.90 – Max Gain: 280%
$86 Puts – Range: 1.56-2.56 – Max Gain: 65%
$85.50 Puts – Range:  1.35-2.30 – Max Gain: 60%


Fresh Idea:

MSFT beat on earnings this morning, so we’re going to want to keep an eye on the MSFT Weekly $54.50-56.50 Calls.

Extended Watchlist: