Instant Payoff Earnings Plays:
Out of the trio of fresh options ideas that we included in yesterday morning’s premarket report, two really stood out as the clear winners. We had signaled plays in the AT&T and Las Vegas Sands options chains on the heels of each company’s quarterly earnings reports.
Our specific target ranges were the T Weekly $27-28 Calls and the LVS Weekly $47-48 Calls, and the potential gains on the day were considerable.
T Weekly $27-28 Calls
$27: .80-1.50 (+88%)
$27.50: .32-1.02 (+219%)
$28: .15-.57 (+280%)
LVS Weekly $47-48 Calls
$48: 1.53-3.15 (+106%)
$49: .88-2.36 (+168%)
Fresh Options Ideas:
X Weekly $8.50 Calls
CLF Weekly $8.50-9 Calls
COF Weekly $78-80 Calls
DPWW, CRSM, BCHG, BTGN, BLFE, FRMA
3M Co. MMM – Update
Fresh for yesterday morning’s report, we decided to highlight some MMM calls on the heels of the company’s earnings report, so we put the MMM Weekly $195-202.50 Calls on the radar.
Thanks to a solid intraday performance wherein the stock ran from a low of 194.20-199.89, there were some huge intraday moves from for traders to take advantage of promptly following the opening bell, which were as follows:
$195 Calls – Range: 2.24-6.00 – Max Gain: 168%
$197.50 Calls – Range: .67-4.34 – Max Gain: 548%
$200 Calls – Range: .71-2.80 – Max Gain: 294%
$202.50 Calls – Range: .27-1.55 – Max Gain: 474%
Fresh Options Ideas:
AAPL Weekly $160-162.50 Calls
SPY Weekly $264-265.50 Calls
TrovaGene, Inc. TROV – Review
We last mentioned TROV on December 18th, and at the time the stock was trading down to an annual low of .503. Since then, we’ve seen a slow and steady recovery, which was kicked into a higher gear yesterday following news of Trovagene and PoC Capital entering an agreement to fund the development of Onvansertib in Metastatic Colorectal Cancer.
The stock ended up hitting .73, marking a 45% rise since we mentioned it. We will want to continue monitoring TROV for further advances from this point forward.
STAF, CREG, CRMD, EKSO, RGS, CLF, TOPS, WFT, ZYNE, IBN
Morgan Stanley MS – Recap
Earlier in the week we highlighted a pair of options calls in the Morgan Stanley chain following the company’s Q3 earnings report on Tuesday, in which it reported a solid beat of Wall Street expectations on profits.
As a result, the MS Weekly $43.50 & $44 Calls that we signaled in our report produced some very nice chances for traders to lock in multi-bag profits.
The $43.50 Calls, from their low of 1.32 reached 4.20, for an intraweek gain of 218% The $44 Calls low came in at .85, and it went on to log a high of 3.65. That worked out to an overall increase of 329%
Fresh Options Ideas
Paypal, Inc. PYPL – The first of our earnings related options ideas to close out the week is going to be Paypal, whose stock saw early gains on the heels of the company’s report which entailed a big boost from the company’s Venmo offshoot. Revenue streams have been growing as Paypal has launched several initiatives within the platform. We are going to be looking at the PYPL Weekly $81-83 Calls* as we close out the trading week.
The Procter & Gamble Co. PG – We’re also looking at PG, which reported on its earnings this morning, and posted it’s biggest growth in sales for the last half a decade. Our idea for this particular play will be the PG Weekly $82-84.50 Calls*
*Please do not attempt to trade options with a weekly expiration on a Friday unless you are an advanced level trader with disposable funds. It’s an extreme risk/reward proposition!
CLF, NIHD, TTGT, JMU, YNDX, CGA, CCL