Midweek Updates, Trio of New Ideas

Midweek Options Recaps:  

We offered up a pair of short term and a pair of longer term ideas in our premarket report yesterday, and as is pretty typical, we saw some good movement out of the weekly plays, and not so much instant gratification from those that expire next month. We usually gravitate to those kind of ideas during earnings low periods, and we certainly have been short on big name reporters this week. But we’ll continue to monitor those interests into October, and keep trying to point out whatever looks best to us on a daily basis.

As for yesterday’s weekly plays, which were the CBRL Weekly $70-75 Calls and the BUR Weekly $17.50-15 Puts, we observed the following intraday trading activity and gain potential:

CBRL Weekly $70-75 Calls
$70:
 3.00-4.20 (+40%)
$75: 1.09-2.66 (+144%)
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BUR Weekly $17.50-15 Puts
$17.50:
 1.63-1.93 (+18%)
$15: .05-.10 (+100%)


Fresh Options:
SMTC Weekly $22-23 Calls
SPY 09/14 $447-448 Calls
BABA Weekly $87-89 Calls


Extended Watchlist:
AVTX, FWBI, GMBL, RNAZ, KITT, NVOS, NAVB, NLST, YCRM, CNBX

Recapping Monday’s Movers, New Targets

Monday’s Options Recaps:

We were faced with rather slim pickings yesterday with regard to the type of big name, large-cap earnings reporters we typically like to take advantage of, but we didn’t let that stop us from picking a couple winners to kick off the trading week. Whenever we get hit with a dry spell for earnings, we always manage to find decent plays in their stead.

Yesterday’s premarket report focused on the EDR 04/21 $22.50-25 Calls, and the SAIC 04/21 $105-110 Calls, and the intraday results we witnessed were rather good. Here’s the breakdown of their daily activity and the total percentage gains that were on the table:

EDR 04/21 $22.50-25 Calls
$22.50:
 .60-.96 (+60%)
$25: .10-.20 (+100%)
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SAIC 04/21 $105-110 Calls
$105
 3.23-6.63 (+105%)
$110: 1.20-2.90 (+142%)


Fresh Options Ideas:
TSE 04/21 $22.50 Calls
GLPG 04/21 $40 Calls
DOMO 04/21 $15 Calls


Extended Watchlist:
BFRG, BFLY, SECO, CDLX, HCNWF, CNBX, AMIH, WNDF, MONI

Another Green Rush for Marijuana Stocks?

Big Time Options Success Persists

The title of our report that we sent out on Friday morning was “Another Dream Week of Options Trading”, wherein we patted ourselves on the back for connecting on some serious options gainers every day of the week.

We would continue that trend with Friday’s fresh options ideas, offering up four separate ideas and hitting big on each and every one of them. Take a look at the incredible single session gains that were available to ourselves and anyone who caught our premarket report. Out of all four of our highlighted target ranges, multibag gains were there for the taking regardless of the chosen strike price.

SQ Weekly $177.50-185 Calls 
$177.50: 6.07-23.60 (+289%)
$180: 4.08-20.77 (+409%)
$182.50: 2.53-17.94 (+609%)
$185: 1.59-16.05 (+909%)
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CVS Weekly $62-63 Calls
$62: .98-5.30 (+441%)
$62.50: .77-4.70 (+510%)
$63: .55-4.30 (+681%)
_____

Two of our options plays from Friday were high profile marijuana-related stocks, a sector that we have a high interest in, and in addition to logging massive gains on the options front, the stocks themselves also outperformed many others on on the day and into the premarket this morning.  TLRY has run from 8.45-14.36 while CGC increased from 21.90 to 27.25. Those moves made the following gains possible for our designated options targets: 

CGC Weekly $21-21.50 Calls
$21: .92-4.00 (+335%)
$21.50: .70-3.40 (+386%)
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TLRY Weekly $7.50-8.50 Calls
$7.50: 1.00-4.43 (+343%)
$8: .44-4.00 (+809%)
$8.50: .31-3.50 (+1029%)

It appears we are witnessing a revitalization of the cannabis sector, which we have long been touting as a favorite market space of ours. Since the first Green Rush in 2012, we have been extremely interested in the marijuana industry and we could be on the verge of another big green wave of success! For that reason, we will dedicate our entire extended watchlist to cannabis plays today.


Fresh Options Ideas: 
MCD Weekly $225-230 Calls
PLUG Weekly $18.50-20 Calls 


Cannabis Watchlist:
ACB, APAH, SNDL, MJNA, PHOT, TRTC, ERBB, GRNH, CBDS, CNBX, NIUGS, MSRT, HEMP, WDRP