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.
BBY Weekly $69-70 Calls
WB Weekly $46-44 Puts
AMPG, EVRI, INNT, BLIN
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.
CVM, MTP, MANH, CSL, VSTM, TEL, BLIN,
Motif Bio plc MTFB – Bottom-Watch Play
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.
TKC, BLIN, TLGT, TKC, CLSD, RUHN, LGCY, TEUM, JAGX, TYHT