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AnaptysBio Inc. ANAB – Update
We want to backtrack to the options idea we offered up to our readers on Monday morning. We focused on longer-term targets, but the results have already begun to show after what has been a solid week of gains for the stock itself. .
Our contracts of interest are the ANAB 01/17 $10-15 Calls. So far, we’ve seen significant upward movement in the $10’s and $12.50’s, and if current trends continue, we expect the $15’s to join the party soon enough.
Here are the total possible gains from our ideas so far:
$10 Calls – Range: 1.50-2.20 – Max Gain: 47%
$12.50 Calls – Range: .60-.90 – Max Gain: 50%
The stock is still incredibly oversold and undervalued, so we’d be very surprised if we didn’t see more of its massive topside gap filled in the days and weeks ahead. Stay tuned for further updates on this one.
McDonalds Corp. MCD – Update
MdDonalds is another chain in which we recently put some longer-term contracts on watch. On Thursday of last week, we highlighted the MCD 01/17 $195-220 Calls
and those have started to gain some ground as well, despite a choppy week for stocks in general.
Here are the moves we’ve observed in these plays over the past trading week:
$195 Calls – Range: 3.65-4.80 – Max Gain: 32%
$200 Calls – Range: 1.97-2.71 – Max Gain: 38%
$210 Calls – Range: .47-.69 – Max Gain: 47%
$220 Calls – Range: .12-.22 – Max Gain: 83%
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Fresh *Bearish* Options Ideas:
SPDR S&P500 (ETF) SPY Weekly $309.50-308.50 Puts
Weibo, Inc. WB $47.50-45.50 Puts
Canopy Growth Corp. CGC $18.50-17 Puts
Extended Watchlist:
SNNA, CPA, ONCY, FCEL, CLSN, JAGX, TROV