BJ’s Wholesale Club Holdings Inc. BJ
We had been tracking a target in the BJ’s options chain toward the end of last week, which were the BJ 06/19 $30 Calls. Then on Friday morning, we added an extra idea by rolling up to include the 06/19 $40 Calls as well. After another solid push, we have a new high to report on the $30’s, and our newer ideas performed well also, posting a multibag intraday performance.
So overall, from Thursday’s signal on the 06/19 $30 Calls, we observed a two-day swing from 1.50-8.42, marking a rise of 461% Meanwhile, the 06/19 $40 Calls
posted a move from .45-1.68, which worked out to a single-session gain of 273%
Palo Alto Networks, Inc. PANW
Additionally, we had highlighted a trio of contracts in the PANW chain in our premarket report from Friday, with the PANW Weekly $235-245 Calls. We were able to see quite a bit of success there.
Weekly $235-245 Calls
$235: 4.68-8.30 (+77%)
$240: 2.45-5.03 (+105%)
$245: .99-3.35 (+238%)
Fresh Options Idea:
SPY 05/27 $302-303 Calls
BJ’s Wholesale Club Holdings Inc. BJ – Recap
As usual, we put out some fresh options ideas in yesterday mornings report, and despite a poor showing for the markets in general, we did see some instant success with our one-contract target in the BJ’s chain.
We had highlighted the BJ 06/19 $30 Calls for observation and the stock provided us with a great opportunity for huge gains with its own move from from 30.39 to 35.45 (+17%). The $30 Calls ran from 1.50-5.60, for an enormous intraday rip of 273%
We will also roll up to include the 06/19 $40 Calls on our watchlist heading into the long weekend, as the momentum from yesterday’s big move could certainly spill over.
Fresh Options Ideas*:
DE Weekly $145-148 Calls
PANW Weekly $235-245 Calls
BABA Weekly $205-207.50 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!
Penny Stock Recaps
Despite being primarily focused on quick-strike options these days we still get back to our penny stock roots every now and again, most often via our Extended Watchlists, and in our daily traders chats on Skype (open to all our readers, send contact request to “stocksumo”).
We’ve had a few solid movers in those categories that we wanted to highlight this morning. Here are the targets and the moves they’ve made subsequent to appearing in our morning reports.
Transportation and Logistics Systems Inc. TLSS
Alerted: April 16th
SPO Global Inc. SPOM
Alerted: March 5th
Simulatus Corp. SIML – This one we caught in our traders chat in the premarket yesterday and it posted a huge move on the day. The stock ended up trading from a low of .0074 to .023, marking total gains of up to 211%
Fresh Options Ideas:
EXPE Weekly $80-82 Calls
BJ 06/19 $30 Calls
TJX 06/19 $52.50-55 Calls