We signaled our interest in two sets of options ideas in yesterday morning’s premarket report, and we managed to see sizable intraday gain chances as a result of both of them. The total possible intraday gains for each play were as follows:
Target Corp. TGT - For Target, in the wake of an analyst upgrade, we highlighted the TGT Weekly $75-77 Calls.and saw some solid opportunities to profit.
$75 Calls – Range: 2.27-4.22 – Max Gain: 86% $75.50 Calls – Range: 2.00-3.52 – Max Gain: 76% $76 Calls – Range: 1.53-3.13 – Max Gain: 105% $76.50 Calls – Range: 1.38-2.82 – Max Gain: 104% $77 Calls – Range: 1.06-2.43 – Max Gain: 129%
Advance Auto Parts, Inc. AAP – We also were looking at the AAP chain following the company’s earnings beat yesterday. Our area of interest there was the AAP 06/21 $165-170 Calls, and those also fared extremely well. The $165′s ran from 5.25-9.00 for a 71% pop, and the $170′s traded up from a low of 3.00 and hit 5.80, an intraday upswing of 93%
With nearly a month remaining until expiration, and the stock still well below any areas of major resistance, we’ll be interested to continue tracking these plays.
We had a trio of fresh options ideas which we offered to our readers in yesterday’s premarket report, and with a big day for the markets as a whole, every single idea within our designated ranges produced big gain opportunities on the day.
Twitter, Inc. TWTR Weekly $35.50-37 Calls $35.50 Calls – Range: 1.72-5.82 – Max Gain: 238% $36 Calls – Range: 1.52-4.74 – Max Gain: 212% $36.50 Calls – Range: 1.05-4.05 – Max Gain: 286% $37 Calls – Range: .90-3.60 – Max Gain: 300%
Hasbro, Inc. HAS Weekly $97-101 Calls $97 Calls – Range: 4.20-5.75 – Max Gain: 37% $98 Calls – Range: 3.00-4.80 – Max Gain: 60% $99 Calls – Range: 2.56-3.50 – Max Gain: 37% $100 Calls – Range: 1.85-3.60 – Max Gain: 95% $101 Calls – Range: 1.56-3.10 – Max Gain: 99%
Lockheed Martin Corp. LMT Weekly $327.50-$337.50 Calls $327.50 Calls – Range: 2.65-10.33 – Max Gain: 290% $330 Calls – Range: 1.25-8.30 – Max Gain: 564% $332.50 Calls – Range: 1.10-6.30 – Max Gain: 473% $335 Calls – Range: .45-4.60 – Max Gain: 922% $337 Calls – Range: .90-3.30 – Max Gain: 267%
Dominos Pizza, Inc. DPZ 05/17 $290-300 Calls
SAP SE (SAP) 05/17 $125-130 Calls Ebay, Inc. EBAY Weekly $37.50-38.50 Calls
Yuma Energy Inc. YUMA
We also want to circle back for YUMA, which we tagged for observation a week ago today on the 17th. The stock has produced a very solid run in the four sessions since that time.
We have watched as YUMA has run from a low of .151, up to yesterday’s high of .385, which marks a move of 155% on significantly higher volume than the stock is accustomed to seeing.
With not a lot happening on the premarket earnings front this morning, we are looking elsewhere for potential opportunities. We’re interested in the current setup on MTFB, which from the current are, seems far more likely to see a big increase than a big decrease at the present time.
There is an absolutely massive gap to the upside on the chart as you can see. Should it move to fill that gap once again, we could be looking at a significant chance for gains here.
Liquidia Tech, Inc. LQDA
We also want to point out the prime bottom setup on LQDA, which was a $20 stock just a month ago. Now trading at half that amount, there is a gap on the chart that needs to be filled here as well and all indicators are pointing to a strong possibility of that happening sooner rather than later.
We will reserve a space on our radar for this play over the next several sessions. LQDA could very easily return to the $15-level relatively soon without a problem.
Today is figuring to be options heavy, with a few ideas jumping out to us here in the premarket this morning. NTNX, the first on our list, is currently exhibiting a chart setup that we’re constantly on the lookout for. We’ve got a stock rising up off of recent relative lows, with a massive gap to the upside, and a couple of our favorite buy indicators really standing out.
The RSI is attempting to come off of being egregiously oversold, while the MACD is rapidly converging toward an impending bullish cross. From the current juncture, a more pronounced rebound for NTNX looks imminent. We’re going to go ahead and signal the NTNX 05/19 $40-42.50 Calls to coincide with the present scenario.
More Fresh Ideas:
We also tirelessly look for earnings related options plays, and may have found a couple today, despite the current earnings calendar being a little on the light side.
Due to the sheer number of winning plays to report on from Friday’s newsletter, we will give only a brief summary including the name of the company, the ideas we submitted, and the total possible gains they had provided by the end of the week.
Nearly everything we’ve had our hands in recently has made some type of the move to the upside, continuing a very promising trend that we have established in the first months of 2019.
AstraZeneca plc AZN -We cited some contracts here earlier in the week (Weekly $39-39.50 Calls), as well as updated that idea on Friday with a couple of new targets at higher strike prices (Weekly $40-40.50 Calls). All contracts involved saw significant moves/new highs.
$39 Calls – Range: .55-1.39 – Max Gain: 153% $39.50 Calls – Range: .19-1.35 – Max Gain: 611% $40 Calls – Range: .23-.95 – Max Gain: 313% $40.50 Calls – Range: .12-.38 – Max Gain: 217%
Electronic Arts, Inc. EA - We had the EA Weekly $107-109 Calls in Friday’s report as a fresh idea, and all three of those plays could have worked out nicely for traders. We saw double bag gain opportunities across the board in this case.$107 Calls – Range: .78-1.60 – Max Gain: 102%
$108 Calls – Range: .50-1.13 – Max Gain: 126% $109 Calls – Range: .33-.66 – Max Gain: 100%
Canopy Growth Corp. CGC – We’ve been watching Canopy since well before the stock uplisted to the NYSE from the OTC, and while what was supposed to be a Canadian cannabis boom has been much more subdued than anticipated, we still like to keep tabs on this one and use its activity to our advantage wherever possible. On Friday we targeted the CGC Weekly $46.50-48 Calls and were met with multi-bag intraday gains there as well.
$39.50 Calls – Range: .83-2.01 – Max Gain: 142% $40 Calls – Range: .62-1.60 – Max Gain: 158% $40.50 Calls – Range: .43-1.20 – Max Gain: 179% $40 Calls – Range: .31-.90 – Max Gain: 190%
SPDR S&P500 ETF (SPY) - Last but not least, we had an idea for the SPY options chain, as we very often do, and all of those contracts provided us with big profit chances as they very often do! All five targets in the range of our SPY Weekly $274.50-276 Calls made big moves.
$274.50 Calls – Range: .85-2.92 – Max Gain: 244% $275 Calls – Range: 1.26-2.62 – Max Gain: 108% $275.50 Calls – Range: .86-2.61 – Max Gain: 203% $276 Calls – Range: .50-1.60 – Max Gain: 220% $276.50 Calls – Range: .22-1.10 – Max Gain: 400%
Walmart, Inc. WMT – Fresh Options Idea
Today we want to keep things rolling with a new idea to kick the week off on, and that is going to be WMT Weekly $101-104 Calls. The stock broke a double-top area of resistance on Friday, and this morning, an across-the-board earnings beat should help create some nice activity in our designated range.
Advance Auto Parts, Inc. AAP Weekly $165-170 Calls