CAG Recap & More

Conagra Brands, Inc. CAG – Recap 

With the markets ripping again yesterday, one of the options ideas we had zeroed in on produced some really nice gain opportunities for us. We signaled the CAG 07/02 $33.50-34.50 Calls, and two out of three of those contracts logged double-bag gains on the day.

Here are the total ranges and possible profits that these calls provided:

CAG 07/02 $33.50-34.50 Calls
$33.50: 1.15-2.15 (+87%)
$34: .77-1.76 (+129%)
$34.50: .55-1.35 (+145%)

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Fresh Ideas:
FDX 07/02 $149-155 Calls
STZ 07/02 $175-180 Calls



OncoCyte Corp. OCX

On OCX yesterday, we noticed a drastic change as the stock fell off a cliff on news that it would discontinue development of its DetermaDx liquid biopsy test. Purely from a technical perspective, we have to take notice when a stock gets chopped by half and falls to near annual lows in one session.

It leaves a lot of future opportunity for a bounceback on the table, so we’re going to signal a long term idea in the options chain, and begin monitoring the OCX 11/20 $2.50 Calls.


Extended Watchlist:
ERFB, ARGQ, LFER, PVHO, XALL

Options Updates, Fresh Plays

Options Updates:

We’re going to circle back today to highlight the performances of the options ideas we alerted on Friday morning. We selected the PRGS 07/17 $40 Calls as well as the SNX 07/17 $115-120 Calls.

In both cases, we have seen some solid moves, and with more than two weeks remaining until expiration, we’ll certainly continue to monitor their progress. Here were the figures they posted yesterday: 

PRGS 07/17 $40 Calls
$40:
 .20-.80 (+400%)
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SNX 07/17 $115-120 Calls
$115:
 4.64-9.50 (+180%)
$120: 2.74-7.50 (+214%)

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Fresh Ideas:
MU 07/02 $50-51.50 Calls
CAG 07/02 $33.50-34.50 Calls


Ideanomics, Inc. IDEX

Yesterday morning we suggested that our readers give their attention to IDEX in sessions to come, and we got some modest yet notable first day results.

The stock traded up from a low of 1.65 and hit 2.30 on the day, marking an intraday swing of 39%  It managed to maintain well over half of its advances, closing with strength at 2.09. This interests us more than enough to continue tracking its progress.

The company provided an update on its large electric vehicle order in a fresh PR this morning (>> Read PR)


Extended Watchlist:
CYDY, TPTW, PMCB, GOVX, PVDG,

Blue Horseshoe Stocks: NTNX Update & More

Nutanix, Inc. NTNX

We began highlighting NTNX just a week ago in our report from the morning of March 12th. On that day the stock saw a low of 35.20, as we signaled the NTNX 05/19 $40-42.50 Calls for longer-term observation.

We wanted to provide an update on both the stock and our options targets this morning, as NTNX has produced a very solid and steady uptrend since the morning of our initial alert. Yesterday, NTNX ran to a new high of 42.21. That marked a 1-week increase of 20% and it allowed for some nice moves in our highlighted contracts.

The $40 Calls have thus far traded in a range from 1.96 to 4.20 for a gain of 114% while the $42.50’s ran from 1.21-2.85, an increase of 136% NTNX is only halfway to filling the topside gap on itas chart, and there’s plenty of time remaining until expiration. We’ll be interested to see if the stock can pile on even more gains.
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Fresh Options Ideas:
Conagra Brands, Inc. CAG 04/18 $24-26 Calls
Williams Sonoma, Inc. WSM 04/18 $57.50-60 Calls
Darden Restaurants,Inc DRI  04/18 $115 Calls


Extended Watchlist:
BIOS, MTP, UBX, MBT, LIFE, UAVS, AXSM, DF, INAP