Options Recaps, 4 New Ideas

Quick Strike Plays Come Through: 

We’re anxiously counting down the days until next week when a flood of big name earnings are going to start dropping, but in the meantime, we have managed to root out a good amount of quality gain opportunities. Yesterday morning’s premarket report included two fresh possibilities and they both delivered some nice moves on the day.

Our exact targets were the PEP Weekly $167.50-172.50 Calls, and the ETWO Weekly $7.50 Puts. Both stocks recorded the right activity to enable the following upswings and total possible gain chances:

PEP Weekly $167.50-172.50 Calls
$167.50:
 3.58-4.95 (+38%)
$170: 1.92-3.10 (+61%)
$172.50: .78-1.61 (+106%)
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ETWO Weekly $7.50 Puts

$7.50: .35-1.35 (+286%)


Fresh Options Ideas:
TWTR Weekly $34-34.50 Calls
DAL Weekly $30.50-29.50 Puts
FAST Weekly $52.50-50 Puts
SPY 07/13 $378-375 Puts*

*Trading options on their day of expiration can carry a heightened level of risk and should only be attempted by seasoned traders.


Extended Watchlist: 
SEII, VGLS, BMIX, ABQQ, MRMD, KYNC, NUGN, IS, PETZ, XRTX

SPY Calls Break Out, Fresh Plays

Options Recaps: 

On the options trading front, we are making our way through the earnings drought as best we can recently, and doing a fairly good job of it if we say so ourselves. We’re in for another week-plus of this, with the days of having plenty of earnings reporters on the calendar set to return on Monday the 18th.

For now, we’ll keep plugging away and taking whatever we can get, and for yesterday’s report that came in the form of the SPY 07/06 $380-382 Calls which absolutely ripped, and the RFP 07/15 $17.50-20 Calls. Additionally, we’ve got some new highs to report in the GIS 07/15 $70-72.50 Calls which we alerted on last Wednesday.

SPY 07/06 $380-382 Calls
$380:
 1.45-5.92 (+308%)
$381: 1.05-4.85 (+362%)
$382: .67-3.85 (+477%)
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RFP 07/15 $17.50-20 Calls 

$17.50: 2.80-3.05 (+9%)
$20: .45-.70 (+56%)
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GIS 07/15 $70-72.50 Calls
$70: 
2.50-6.63 (+165%)
$72.50: 1.05-4.10 (+290%)


Fresh Options Ideas:
HELE 07/15 $160-150 Puts
SLP Weekly $55-50 Puts 


OTC Updates: 

We have a couple of OTC stocks that have been mentioned in recent extended watchlists to update readers on this morning as well. We always try to flag potential plays on the lower exchanges in our watchlists, and very often, it bears significant fruit.

We mentioned HMBL on Tuesday morning and the stock has posted an intraweek run from .048-.0992 which marks an upswing of 107%, and this past Thursday we signaled EMGE which has made a rip-roaring move of 273% from .0082-.0306 in just a week’s time.


Extended Watchlist: 
USEA, ALNA, TYDE, IINN, ANVS, ACRX, OZSC, PLPL, HWKE, BMIX

Using the SPY to Our Advantage, 3 Fresh Ideas

SPY Puts Surge: 

Once again yesterday, the markets losses are our gains. Our lone options trading idea for the day focused upon a dim view of the SPY, and with another precipitous decline for stocks, we hit the nail right on the head. This is among the reasons why our readers see SPY plays in our newsletters on a highly regular basis, as it tends to be easier to predict the actions of the markets as a whole than it is do so the same for just one. The SPY also sees a lot of intraday volatility which can often lead to opportunities on both sides of the fence in a single session.

In terms of yesterday morning, due to a bit of a drought of earnings reporters, our premarket report contained only one idea, which was the SPY 06/13 $385-383 Puts. Those targets offered up the chance at the following really nice intraday profit chances:

 SPY 06/13 $385-383 Puts
$385: 4.24-11.01 (+160%)
$384: 3.46-10.50 (+203%)
$383: 2.84-9.67 (+240%)


Fresh Options Ideas:
ORCL Weekly $70-72.50 Calls
COP Weekly $110-112 Calls
FERG Weekly $100-110 Calls


ProText Mobility, Inc. TXTM – Recap:

We also wanted to provide a quick recap on the run in TXTM yesterday. We last flagged this play for observation in an extended watchlist a few weeks back, subsequent to which the stock was trading for as little as .0016. Yesterday, on an immense amount of volume, the stock surged as high as .0049, which marks a 206% swing over our observed low.


Extended Watchlist:
KAVL, SLNO, EMBK, GMVD, SONM, CLVS, LTCN, SIRC, BCHG, BMIX, LICY