Fresh SPY Targets & More

Continued Options Success:

We have continued to thread the needle with respect to our daily options ideas this week, with only a small fraction of missteps. Yesterday morning in our premarket report, we formulated and passed along a set of three potential options trading targets to our readers. Out of those selections, all three produced significant intraday opportunities for anyone who put some skin in the game.

We were targeting the ADBE Weekly $460-452.50 Puts, the GIS 04/14 $62.50 Calls, and the BZ 04/14 $25-30 Calls, and they all put forth notable upward movement on the day. Here were the total possible profits on the table in these plays:

ADBE Weekly $460-452.50 Puts
$460:
 24.10-41.80 (+73%)
$457.50: 21.50-35.29 (+64%)
$455: 20.00-36.55 (+83%)
$452.50: 19.18-35.14 (+83%)
_____

GIS 04/14 $62.50 Calls
$62.50:
 2.90-4.20 (+45%)
_____

BZ 04/14 $25-30 Calls
$25: 4.02-5.30 (+32%)
$30: 1.80-2.60 (+44%)


Fresh Options Ideas:
OXM 04/14 $80-85 Calls
SPY 03/25 $444-446 Calls
MOMO Weekly $7.50-7.00 Puts 


Extended Watchlist:
NKLA, MFH, BVXV, FSRD, ESOA, AIAD, INND, DMAN, IJJP, KATX, 

1200% Options Gainer, Fresh Ideas

Big Time Options Movers: 

We are cruising right along on the options front as we head through the midweek. We always seem to manage finding single-session, multi-bag opportunities, and this week has been no different whatsoever, We’ve seen a lot of good volatility over these couple of days, which is a quick strike trader’s best friend.

The big winner off of yesterday’s premarket report ended up being BABA, which we had flagged with the BABA Weekly $110-113 Calls. Additionally, the PDD Weekly $44-46 Calls that we signaled on Monday continued their rise and took it to the next level, with one set of contracts even breaching that elusive 1000% mark.

The following figures are for BABA’s one day performance yesterday and PDD’s two day swings from Monday: 

BABA Weekly $110-113 Calls
$110: 3.50-9.30 (+166%)
$111: 4.90-8.40 (+71%)
$112: 4.30-7.67 (+78%)
$113: 3.60-7.00 (+94%)
_____

PDD Weekly $44-46 Calls
$44: 1.39-6.00 (+332%)
$44.50: 1.34-5.40 (+303%)
$45: 1.14-5.20 (+356%)
$45.50: 1.09-4.50 (+295%)
$46: .33-4.40 (+1233%)


Fresh Options Ideas:
ADBE Weekly $460-452.50 Puts
GIS 04/14 $62.50 Calls 

BZ 04/14 $25-30 Calls


Extended Watchlist:
ETCG, FDBL, MSTO, WHSI, OZSC, JPEX, AABB, LBPS, CELZ, ZTEK, RZLT, CREX

RMTI, PHOT & Extended Watchlist

Rockwell Medical, Inc. RMTI

We mentioned RMTI in Friday’s extended watchlist, and it turned out to be a good decision on our part. After opening at a low of 8.75, the price surged ahead to touch 10.20, marking an opportunity at intraday gains of up to 17%

We’re going to leave RMTI on our radars as we kick off a fresh week of trading, as the stock appears to be gapping up this morning, (presently above Friday’s high, trading at 10.50 premarket). The stock also traded high volume on Friday, so we want to monitor the situation for any further gains the current flux of momentum might provide.


Growlife, Inc. PHOT

PHOT had a good day on Friday as well, breaking a recent double-top, posting gains on increased volume. The stock hit a high .0477, which from the low following our most recent mention of this play (.0318), represents a 50% move.

We’ve got this and other marijuana-related stocks on continuous watch since the USDOJ announcement that the federal government would not be interfering with individual states that have voted to legalize the plant for both medical and personal use.


Extended Watchlist:
EXMT, IGLD, INO, BZ, ZQK, GOGO