BIG Options Update & More

Big Lots, Inc. BIG – Update
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On Friday morning, we signaled some June calls in the Big Lots chain as the company dropped a beat on its quarterly earnings and revenues. Our targets were the BIG 06/19 $40-45 Calls, which also got some help from an afternoon push for the markets in general.

Of those three targets in our selected range, all three achieved multi-bag gain status for the session. Here are the single-session moves those contracts posted on the day:

BIG 06/19 $40-45 Calls
$40: 1.00-2.30 (+130%)
$42.50: .60-1.25 (+108%)
$45: .25-.75 (+200%)



Avantor, Inc. AVTR 

We also caught AVTR off of this morning’s premarket earnings calendar, and are seeing a very interesting dynamic. Even as insiders dumped close to a billion dollars worth of AVTR stock last week, we have reason to believe that going bullish here could still be the right move.

The chart has been an absolute screamer for months on end, and 14 out of the 20 analysts to assess its current condition rate the stock a strong buy. We’re going to go ahead and signal interest in tracking the AVTR 08/21 $20-22.50 Calls.


Extended Watchlist:
AMAZ, BANT, VNUE, HIPH, GTEH

Big Gainers to Report

Solid Options Plays 

More often than not, when we signal groups of calls or puts, we see success with our ideas. In the case of yesterday morning’s premarket report, we signaled one set of each, and saw instant returns on both.

Our targets were WDAY Weekly $172.50-177.50 Calls & HPQ Weekly $17-16 Puts, with each range containing three sets of contracts. All six ran considerably, with five out of the six logging double-bag gains or better! here were the total possible gains to which our readers had access:

WDAY Weekly $172.50-177.50 Calls  
$172.50: 6.83-14.48 (+64%)
$175: 4.70-11.95 (+93%)
$177.50: 3.90-9.54 (+93%)
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HPQ Weekly $17-16 Puts
$17: 
1.27-2.13 (+203%)
$16.50: .76-1.56 (+238%)
$16: .44-2.61 (+93%)
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Fresh Ideas*: 
DELL Weekly $46-49 Calls
BIG 06/19 $40-45 Calls

*Please DO NOT attempt to trade options contracts with a weekly expiration on a Friday unless you are an advanced-level trader with access to disposable funds! 


Stock Recaps 

 We’ve also seen some nice gains on the stock side of things this week, and yesterday brought more success on that front as well.

Indoor Harvest Corp. INQD – We tagged INQD in yesterday’s extended watchlist, and this subpenny OTC play posted a modest but respectable move from .0046-.007, marking an intraday gain of 52%

Party City Holdco Inc. PRTY – We have to go back a few weeks to our report on the morning of May 4th to find our initial alert on PRTY. Since then we’ve seen the stock trading for as little as .43. It has been climbing steadily over the past several sessions, reaching a new high of 2.10 yesterday. That works out to an overall increase of 388%

Brewbilt MFG Inc. BBRW – We also saw BBRW make a big run from .03-.0899 for a 199% gain!


Extended Watchlist:
ZEST, ENGH, BYZN, TRNX

BIG Options Explode & More

Options Success Continues

We routinely identify fresh options trading ideas for ourselves and our readers, and the past couple of sessions have been no different than what we’ve come to expect. 

Big Lots, Inc. BIG – Yesterday we reported on the success of the BIG 12/20 $22.50-27.50 Calls which we included in Friday’s premarket report and those set explosive new highs yesterday. Here are the total two-day upswings achieved by those plays:

BIG 12/20 $22.50-27.50 Calls
$22.50 Calls – Range: .96-4.57 – Max Gain: 376%
$25 Calls – Range: .20-2.46 – Max Gain: 1130%
$27.50 Calls – Range: .06-.88 – Max Gain: 1367%
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Canopy Growth Corp. CGC – We also placed the CGC Weekly $19-19.50 Calls on watch yesterday morning as a fresh idea to start the trading off with, and we’re pleased to relay the multi-bag intraday performances out of that pair of contracts. The $19 Calls ran from .42-2.54 for a daily gain of  % and the $19.50’s posted a range from .35-2.11, making total gains of up to % possible on the day.

The timing on our ideas came perfectly in sync with the company’s news that it would be hiring Constellation Brands (STZ) CFO as its new CEO (>>Read More)



More Fresh Options Ideas:

Chewy Inc. CHWY 01/10 $22.50-24 Calls
Stitch Fix, Inc. SFIX Weekly $27-28 Calls
Designer Brands, Inc. DBI 12/20 $17.50-15 Puts
Conn’s Inc. CONN 12/20 $17-15 Puts


Extended Watchlist: 
CLVS, TGB, VTGN, AVEO, ARAV, SAEX, DERM, NVTA