Tag: CVS

Options Review & More

Options Review

Despite an unproductive session for the markets as a whole yesterday, two of our three fresh options ideas for the session bucked the trend and panned out quite well on the day. We had some ideas for both the RNG and ROKU chains that produced respectable intraday moves for us.

Here were the total possible profits that were there for the taking, some of which did reach multi-bag status for the session:  

RNG Weekly $220-225 Calls
$220: 6.10-12.93 (+112%)
$225.50: 6.35-10.69 (+68%)
$225: 3.53-9.30 (+163%)
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ROKU Weekly $134-136 Calls
$134: 10.45-15.45 (+48%)
$135: 9.55-14.95 (+57%)
$136: 9.25-14.17 (+53%)

Based on premarket activity we’re seeing this morning, we would expect both RNG and ROKU to tack even more gains onto these ideas for us today.


More New Ideas:
TEVA  Weekly $12-12.50 Calls
AKAM Weekly $98-101 Calls
SHOP Weekly $535-550 Calls
CVS Weekly $74.50-76 Calls

Extended Watchlist:
FNHI, TPTW, BLPFF, ABML, BTCS, MGTI, WDLF

Blue Horseshoe Stocks: CVS Update & More

CVS Health Corp. CVS – Recap

Included in yesterday morning’s premarket report, was an post earnings options idea for CVS. We were looking at the CVS Weekly $55.50-57 Calls following the company’s beat on Q2 earnings accompanied by raised guidance, and solid growth bolstered by the Aetna acquisition. The stock was also at a multiple-bottom area of the chart.

With the added help of an intraday market surge our targets enjoyed solid moves on the day.

$55.50 Calls – Range: 1.25-2.80 – Max Gain: 269%
$56 Calls – Range: .85-2.37 – Max Gain: 370%
$56.50 Calls – Range: .70-1.91  – Max Gain: 329%
$57 Calls – Range: .46-1.51 – Max Gain: 417%

We’ll look to roll up slightly and monitor the CVS Weekly $57.50-58 Calls for the remainder of the week.
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 More Fresh Ideas:
DISH Network Corp. DISH 09/13 $34-36 Calls
Advanced Micro Devices, Inc. AMD 08/16 $30.50-31.50 Calls
Uber, Inc. UBER Weekly $41-42.50 Calls 

Extended Watchist: 
MRO, AVLR, ET, DERM, TRGP, RLGY,

Blue Horseshoe Stocks: Perfectly-Timed Bottom Plays & More

Allakos, Inc. ALLK –  Recap

We began tracking ALLK on Monday morning, and formulated some options ideas ($45-60) which worked for us in Monday’s session, bringing in some nice gain opportunities. Then yesterday rolled around and we shared the huge news reported by the company in our premarket report along with the gains that our options ideas made.

The news on ALLK proved to be very influential on the activity of the stock, pushing it even further than Monday’s big surge had taken it. From the low that morning of 60.34, ALLK has run all the way up to a new high yesterday at 85.40, which marked a two-day upswing of 42%

While the lower end of our tracked options range was too deep in the money to see any real progress, the $60 Calls remained in play, and hit a high of 23.82. From our observed low of 6.75 on Monday, those contracts rose by a whopping 253%
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We also signaled interest in the Innovative Industrial Properties, Inc. IIPR 08/16 $100-105 Calls 
yesterday, and those got off to a modest, yet promising start. The $100’s traded in a range from 6.50-7.90 for a rise of 22%, while the $105’s ran 23% from 4.50-5.90. We’ll continue to monitor these ideas into their expiration next week.
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Fresh Ideas: 
CVS Weekly $55.50-57 Calls
SPY Weekly $286-285 Puts


Durect Corp DRRX

We also want to highlight the incredible performance that DRRX has had this summer to finish things up this morning. We tagged the stock for observation on May 28th, at which time we observed a low of .50, and it turned out to be a great nbottom call, as it hasn’t looked back since.

Slow and steady growth over the past two months has brought DRRX to a new high of 1.44 this week. That represents an overall increase of 188% in the time we’ve been observing this play.

Extended Watchist: 
MRNA, EVH, CPE, ENDP, AVGR, TVIX, APVO, ONVO