Best Buy Co. Inc. BBY
Our primary area of focus in terms of fresh picks in yesterday’s premarket report was in post-earnings options ideas, and essentially everything worked out in our favor, beginning with our ideas for the Best Buy chain, which were the BBY Weekly $55-58 Calls.
All seven sets of contracts in our highlighted range gave traders a chance at HUGE multi-bag gains on the day ranging from a triple all the way to a TWELVE-bagger!
$55 Calls – Range: 1.60-6.90 – Max Gain: 341%
$55.50 Calls – Range: 1.12-6.19 – Max Gain: 453%
$56 Calls – Range: 1.00-5.80 – Max Gain: 480%
$56.50 Calls – Range: .61-5.21 – Max Gain: 754%
$57 Calls – Range: .50-4.90 – Max Gain: 880%
$57.50 Calls – Range: .35-4.12 – Max Gain: 1077%
$58 Calls – Range: .29-3.97 – Max Gain: 1269%
Abercrombie & Fitch Co. ANF
Our ANF calls didn’t disappoint either, despite the fact that Abercrombie’s was a much more mixed earnings release. We said we’d be looking at the ANF Weekly $13 & $13.50 Calls, and saw some solid moves out of both.
The $13 Calls ran from .63 to 1.05 for an intraday push of 67% while the $13.50′s traded in a range from .35-.50, posting an intraday pop of 43%
Based on the present look of the ANF chart, we’ll still want to track these plays heading into the long weekend, but be forewarned, dealing with weekly options contracts on a Friday is for expert traders ONLY!
Big Lots, Inc. BIG – Fresh Idea
We’ve had so much options trading success this earnings season, there’s no reason not to add in a couple more fresh ideas before we break for the holiday weekend.
Big Lots beat on profits and raised guidance in its premarket release today. With no weekly contracts to look at, we’ll put the BIG 06/16 $55 & 57.50 Calls on watch in the weeks ahead.
ULTA Beauty, Inc. ULTA - This play is gapping up hard after its own earnings beat yesterday. We’ll want to keep an eye on the ULTA Weekly $302.50-310 Calls (Again, to be considered by expert traders only)
Coin Citadel CCTL
We offered up a few bitcoin related stocks to watch yesterday in light of the hysteria over bitcoin reaching all-time highs, and the one that outperformed the rest turned out to be CCTL.
Its volatile swings provided solid chances in both the morning and afternoon. First it ran from .0004 to .0007 (+75%), followed by a pullback to .0003 and subsequent 100% run-back to .0006.
OTTV, GLBS, SINO, DVAX, CYTR, ZSAN, SHLD
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