Reviewing Runners, Fresh Ideas

Options Updates: 

We’re circling back around this morning to highlight moves in some of our recent ‘longer-term’ options ideas, which for us, is anything beyond contracts with a weekly expiration. Several factors determine whether we make quick-strike or swing trade ideas, the primary of which being the setup of the chart.

Both of these longer term plays have set new highs for us this week. We began tracking the CRCT 03/18$10 Puts last Wednesday morning, and the BKE 03/18 $36.85-39.35 Calls on Friday morning.

CRCT 03/18 $10 Puts
$10: .05-.30 (+500%)
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BKE 03/18 $36.85-39.35 Calls
$36.85:
 .79-1.35 (+71%)
$39.35: .15-.30 (+100%)


Fresh Options Ideas:
GTLB Weekly $30-40 Calls
COUP Weekly $70-66 Puts
SPY 03/16 $418-420 Calls


OTC Runner: 

We’ve also got HYMC to review this morning, as the stock is pressing to incredible new highs in the premarket. We initially tagged it for observation in our report a week ago today, and the strides it has made have been very nice indeed.

Hycroft Mining Holding Corp. HYMC

Initial Alert: Mar. 8th
Range: .61-2.97
Gained: +387%


Extended Watchlist:
CTK, EXN, SYSX, HRAA, DASH, TUYA

Potential Bottom-Play, Options Recaps

Options Reviews: 

Our primary order of business this morning is rather typical, but we never get bored tracking winning options plays. We’ve got updates of new highs on some ideas that we were tracking in BBIO, as well as the daily figures from the fresh plays we offered up in yesterday morning’s premarket report.

We initially slated the BBIO 02/18 $12.50-15 Calls in Tuesday morning’s report , while, with yesterday’s new targets we were on the bearish side of the fence with the CALM 01/21 $37.50-35 Puts and the FCEL Weekly $5.50-5.00 Puts. Here are the total gains made by all of those plays so far:

BBIO 02/18 $12.50-15 Calls 
$12.50: 1.85-3.65 (+97%)
$15: 1.50-2.60 (+73%)
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CALM 01/21 $37.50-35 Puts
$37.50: 
.80-1.68 (+110%)
$35: .20-.50 (+150%)
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FCEL Weekly $5.50-5.00 Puts
$5.50: .35-.71 (+101%)
$5.00: .10-.29 (+190%)


Edgewise Therapeutics, Inc. EWTX – Bottom-Watch Play:

We’re also looking at EWTX for a possible bottom-bounce play in the days and weeks ahead. The stock recently got crushed down near its annual lows, and we’re going to be looking for it to hold support at $14.

We’ve drawn up a little annotated chart snapshot so you can see what we find attractive about this potential play.


Extended Watchlist:
ISIG, RELI, KPRX, FTT, CTK, CNGI, DPLS, NHMD, AXXA, SANP, USEI, PBHG, ZAAG