The Greenbrier Companies, Inc. GBX
The first thing that jumped out to us on this morning’s routine market scan was GBX. The only company on the earnings calendar with a market cap of more than a billion dollars, it’s also boasting an attractive bottom setup on the chart.
We’re going to tag the GBX 04/18 $30-35 Calls for observation, which gives us a couple of weeks to see more a rebound from the stock, which just began to rise off of in recent;y established 52-lows.
FRESH OPTIONS IDEAS
SPDR S&P500 ETF (SPY) Weekly $287-288 Calls
Constellation Brands, Inc. STZ Weekly $187.50 Calls
InspireMD, Inc. NSPR
We also will be placing another recently struggling stock in NSPR on bottom watch this morning. With it just having registered new 52-week lows yesterday, it would appear there may be slightly further to fall before a rebound is imminent, if we look at the indicators, but we’ll start tracking it now.
The stock was trading at twice this amount barely over a month ago, so the potential for rapidly recovery is also there.
TROV, CNET, DCAR, CRBP, KIQ
Nutanix, Inc. NTNX – Fresh Options Idea
Today is figuring to be options heavy, with a few ideas jumping out to us here in the premarket this morning. NTNX, the first on our list, is currently exhibiting a chart setup that we’re constantly on the lookout for. We’ve got a stock rising up off of recent relative lows, with a massive gap to the upside, and a couple of our favorite buy indicators really standing out.
The RSI is attempting to come off of being egregiously oversold, while the MACD is rapidly converging toward an impending bullish cross. From the current juncture, a more pronounced rebound for NTNX looks imminent. We’re going to go ahead and signal the NTNX 05/19 $40-42.50 Calls to coincide with the present scenario.
More Fresh Ideas:
We also tirelessly look for earnings related options plays, and may have found a couple today, despite the current earnings calendar being a little on the light side.
MOMO Weekly $34.50-36 Calls
SFIX Weekly $33-35 Calls
DCAR. NKTR, TXMD, CRBP, BLIN, TROV
SPDR S&P500 ETF (SPY)
We are wrapping up a very solid week, which even included a twenty-bagger (NFLX $300 Calls, +2069%). This morning, with the markets appearing to be geared toward bullish finish to the week, we will entertain a range of SPY Calls, for the possibility of some good daytrades to really end things on a high note going into the upcoming long weekend.
The SPY is our go-to target when not a lot else is jumping off of the scanner, and we’ve played it successfully on more occasions to count. The most recent being a couple of sets of ideas we made just prior to the New Year, which resulted in gains ranging from 300-600%
Today, we are going to be tracking the SPY Weekly $263.50-265 Calls.*
JBHT 02/15 $100 & $105 Calls
CGC Weekly $43-44.50 Calls*
*Please do not attempt to trade weekly options on a Friday unless you an advanced level trader with disposable funds.
BPTH, MTNB, KNDI, HSGX, CRBP, CCCL