Tesla, Inc. TSLA – Options Idea
TSLA stock was running hard after KeyBanc analysts predicted a 50% rise in Model 3 deliveries, and we entered the mix yesterday morning with a set of options ideas to take advantage of the situation. We certainly hope that our words didn’t fall upon deaf ears, because of the five contracts in the range we slated for potential quick strike trades, all five produced single-session gains of over 100%
Our designated targets were the TSLA Weekly 337.50-347.50 Calls and we were very impressed with the total potential gains made available by all of those contracts:
$337.50 Calls – Range: 8.00-19.00 – Max Gain: 138%
$340 Calls – Range: 6.76-17.10 – Max Gain: 153%
$342.50 Calls – Range: 5.75-15.16 – Max Gain: 164%
$345 Calls – Range: 4.97-13.50 – Max Gain: 172%
$347.50 Calls – Range: 4.20-11.90 – Max Gain: 183%
From what we’ve seen thus far, we have reason to believe that we may see some further opportunities in these ideas before the week is out, so we’ll allow them to keep their slots on our radar screens for the time being.
H&R Block, Inc. HRB – Fresh Idea
As a fresh options trading idea this morning, we want to bring attention to HRB, which despite turning in a beat on earnings yesterday in the post market, is taking a beating here in early trading.
Combined with the fact that the stock was already looking toppy and about to breach into heavily overbought territory, we’re ready to look at a range of puts, to take advantage of what may be a significant course correction to the low side. We’ll be tracking the HRB Weekly $26-24 Puts.
VTGN, DARE, SYK, OGEN, ESRX, PVTL, KFY, KOOL
Baidu, Inc. BIDU – Update
On Friday morning, we had targeted the BIDU Weekly $250-255 Calls in the wake of the company’s quarterly earnings report, and while we didn’t see all the contracts in that range heat up, there was some very nice activity and a chance for a daily profit in the $250 Calls.
Those ran from a low of .46 and impressively hit a high of 2.97 for potential intraday gains of up to 546% which ended up working out to be one of our top plays of the week.
Fresh Options Idea:
McDonalds Corp. MCD Weekly $160-165 Calls
Aqua Metals, Inc. AQMS
We most recently tagged AQMS on April 4th, and after just a slight period of consolidation the stock found support and began a recovery which has covered a good amount ground this month.
From a low of 2.11 AQMS has traded as high as 3.56, a 69% increase in a matter of just a few weeks.
ARLP, SDRL, AKAO, WPP, FDC. TEUM, ATOS, DARE