Tag: CAG

Options Review, Four Fresh Ideas

Options Review: 

This morning we’re going to start off by going over the options plays that worked out for us yesterday. We were tracking ideas in the TLRY and SPY chains that produced moderate, and excellent gains, respectively.

We were going after the TLRY Weekly $7-7.50 Calls, and the SPY 04/06 $448-446 Puts. and those plays did manage to record solid performances on the day as the markets were depressed on the session. While the Tllray calls only managed small moves, the SPY Puts exploded for huge multibsag runs.

TLRY Weekly $7-7.50 Calls
$7: 1.06-1.45 (+37%)
$7.50: .80-1.18 (+48%)
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SPY 04/06 $448-446 Puts
$448: .55-2.80 (+409%)
$447: .27-1.91 (+607%)
$446: .14-1.20 (+757%)

Fresh Options Ideas:
CRMT 09/16 $75-85 Calls
CAG 04/08 $35-33 Puts
STZ 04/08 $237.50-232.50 Puts
LW 04/15 $60 Calls

Icon Media Holdings Inc. ICNM – OTC Recap:

To quickly update on the performance of an OTC stock we’ve been tracking in recent weeks, ICNM moved the needle yesterday as it ran from .0013 to .,0023 on the day.

That works out to an upswing of 77% and warrants further observation of the stock as it presses into blue skies.

Extended Watchlist: 
PRCX, NHLE, AWSI, RSHN, CGAC, SLDX, MNTS, HTGM, ERYP, MDVL, 

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,