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Reviewing Friday’s Movers

Reviewing Friday’s Movers

We’re going to kick off the fresh trading week this morning by going over the performances of the plays we submitted in Friday’s premarket report. Those included targets in the US Steel, Cleveland-Cliffs, and Capital One options chains. It was a wrap-up to an already successful week, and we ended it on a high note.

We had the X Weekly $8.50 Calls, the CLF Weekly $8.50-9 Calls, and the COF Weekly $78-80 Calls, and they all produced significant moves on the day. Here’s a rundown of the kinds of gains that were on the table for traders:

X Weekly $8.50 Calls
$8.50: 1.11-1.86 (+68%)
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CLF Weekly $8.50-9 Calls
$8.50: .18-.64 (+255%)
$9: .09-.32 (+255%)
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COF Weekly $78-80 Calls
$78: 2.06-3.71 (+80%)
$78.50: 1.79-3.35 (+87%)
$79: 2.06-3.03 (+47%)
$80: 1.50-2.43 (+62%)
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Fresh Options Ideas:
NRZ $9-8 Puts
SAP $130-120 Puts

Spartan Energy Acquisition Corp. SPAQ

We’re just days away from SPAQ’s vote on a merger with Electric Vehicle maker, Fisker, whose new EV set for launch, ‘The Ocean’, is laying claim to the title of ‘Most Sustainable Vehicle Ever’.

It’s an interesting scenario, and with the stock at a relative low on the chart at the moment, we are going to place some longer term options on watch, with the SPAQ 12/18 $10-12.50 Calls.

Extended Watchlist:
ARLP, CBBT, CSLI, NSPX, OPTI, TWOH

Closing Out Another Excellent Trading Week

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%)
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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

Extended Watchlist:
DPWW, CRSM, BCHG, BTGN, BLFE, FRMA

Blue Horseshoe Stocks: MMM Update & More

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%

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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.

Extended Watchlist:
STAF, CREG, CRMD, EKSO, RGS, CLF, TOPS, WFT, ZYNE, IBN

Blue Horseshoe Stocks: Big Week for Options

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!

Extended Watchlist:
CLF, NIHD, TTGT, JMU, YNDX, CGA, CCL

Blue Horseshoe Stocks: HAS, ABM Options & More

Hasbro Inc. HAS – Options Idea

To start things off this morning, we are looking toward the Hasbro options chain, following the company’s earnings report this morning revealed Q2 beats on sales, profits, and revs.

The stock is gapping up here in the premarket, and we’re going to want to be ready with an options idea for possible quick strike gains to kick off the week. We’re going to track the HAS Weekly $102-105 Calls, and attempt to continue to fantastic options success we have recently enjoyed.

ABM Industries, Inc. ABM

Speaking of fresh options ideas, we’re interested in ABM from a technical standpoint, and will be monitoring the activity in the ABM 08/17 $30-35 Calls.

As you can see on the following chart snapshot, we have a number of favorable indicators in play. In addition to a strong double bottom signal, and a MACD on the verge of going bullish, the stock just last week cracked and managed to hold support at its 50DMA. The RSI is also on the cusp of breaking the 50-line.

All in all, a positive move of at least a few dollars seems very possible, and would likely produce some good chances in our designated calls in that event.

Extended Watchlist:
RETA, SBBP, HCLP, CLF, RGSE,