Massive Options Movers & More

Enormous Options Gainers:

We took advantage of the SPY with supreme accuracy yesterday. In the early morning, it appeared as if futures would rise, but that was curtailed by some poor economic reports shortly before we sent out our newsletters. We flipped over to the bearish side of things for a fresh target and with the help of a deleterious session for the markets in general, it turned out to be the exact right choice.

We were tracking those SPY 09/14 $406-404 Puts, as well as the CNM Weekly $25 Calls, and witnessed huge intraday gains in both cases. We also have an update on a longer-term play from last week, when we called the GTLB 09/16 $50 Calls on Tuesday morning. Those subsequently posted multibag opportunity as well. All in all, we’ve offered up ideas that have absolutely performed as well or better than one could’ve hoped.

SPY 09/14 $406-404 Puts
$406: 
4.51-14.00 (+210%)
$405: 3.90-13.00 (+233%)
$404: 3.36-12.00 (+257%)
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CNM Weekly $25 Calls
$25: .05-.85 (+1600%)
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GTLB 09/16 $50 Calls
$50: 1.24-11.70 (+844%)


Fresh Options Ideas:
DOOO Weekly $70-75 Calls
STX 10/14 $67-68 Calls


Extended Watchlist:
ATNF, ASTE, ADTX, KERN, BIAF, CLBS, EOSE, GEGI, BNOW

Coping With Tough Conditions, Trio of Fresh Ideas

Tuesday’s Movers:

While we didn’t exactly have a landmark session yesterday, we did manage to eke out a couple of solid options trading plays despite the harsh environment we’re experiencing at the present time. Nobody’s ever going to be perfect in their assessments, and we have been contending with a tumultuous time for stocks in general. That being said, we never get discouraged, and always keep our noses to the grindstone!

Yesterday’s fruitful targets were the NVDA Weekly $136-138 Calls, and the GTLB 09/16 $50 Calls, the potential gains of which we have listed below. As for how we’ll get along for the remainder of this short week, things are looking up today with a much more substantial slate of names on the earnings calendar.

NVDA Weekly $136-138 Calls
$136: 
2.46-4.40 (+79%)
$137: 2.10-3.85 (+83%)
$138: 1.73-3.30 (+91%)
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GTLB 09/16 $50 Calls
$50: 2.40-3.60 (+50%)


Fresh Options Ideas:
PATH 09/16 $15-12.50 Puts
NIO Weekly $17-16 Puts
COUP Weekly $61-63 Calls


Trans Global Group Inc. TGGI – OTC Recap:

We also want to give a brief update the recent run that TGGI has put together. We have been tracking this stock via our daily extended watchlists fairly closely through August and into this month, and subsequent to our alert on the 12th, we would witness a low of .0078. After hitting .0175 that works out to a run of 124%


Extended Watchlist:
BIVI, IMRA, SPRO, BPTS, BIAF, QNRX, AVYA, UCLE, GDVM, BYOC, ONEI, RXMD, PRCX

Shorts Yield Dividends, Fresh Ideas to Close out the Week

Bearish Signals Pay Off:

We got things back on track in a big way for yesterday morning’s premarket report, with regard to our daily options ideas. It is an extremely rare occurrence that we would signal a full slate with nothing but bearish targets, but that’s exactly how things shook out yesterday, and it worked to our advantage.

The collection of puts that we were tracking for the day were the MDB Weekly $280-275 Puts, the OKTA Weekly $78-75 Puts, the CIEN 09/16 $55-45 Puts, and the SPY 09/02 $395-393 Puts, and thanks partly to the early downturn in the markets right from the opening bell, these were the caliber of gain opportunities that awaited us with these ideas:

MDB Weekly $280-275 Puts
$280: 
11.90- 40.58 (+241%)
$277.50: 14.60-39.00 (+228%)
$275: 9.40-35.00 (+272%)
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OKTA Weekly $78-75 Puts
$78:
 9.00-19.60 (+118%)
$77: 7.50-18.57 (+148%)
$76: 7.45-17.25 (+131%)
$75: 5.95-16.65 (+180%)
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CIEN 09/16 $55-45 Puts
$55: 6.90-9.50 (+38%)
$50: 2.18-5.20 (+138%)
$45: .57-1.44 (+153%)
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SPY 09/02 $395-393 Puts
$395: 3.83-5.82 (+52%)
$394: 3.27-5.14 (+57%)
$393: 2.76-4.48 (+63%)


Fresh Options Ideas:
AVGO Weekly $495-510 Calls
LULU Weekly $315-322.50 Calls
HCP 09/16 $35-40 Calls


Extended Watchlist:
ALST, DVLP, PSRU, SBES, PQEFF, GDVM, NBEV, BIAF, HOLI, DRUG, PXMD, FRZA, HCP