Midweek Options Updates

Midweek Options Review

As we head into the Thanksgiving break with exactly one and a half trading sessions remaining for the whole week, we wanted to first update our readers on the excellent fresh options ideas we put forth in yesterday morning’s premarket report.

We went bearish on Dollar Tree and bullish on Nutanix, and big intraday gain opportunities presented themselves across the board, in every set of contracts in our designated tracking ranges.

Cheers to any of our readers who were able to take advantage of the alert and snag some of these solid gains on the day:

Dollar Tree, Inc. DLTR Weekly $99-96 Puts
$99 Puts – Range: 2.64-5.30 – Max Gain: 101%
$98.50 Puts – Range: 3.37-5.70 – Max Gain: 69%
$98 Puts – Range: 2.38-5.05 – Max Gain: 112%
$97 Puts – Range: 1.40-3.81 – Max Gain: 172%
$96 Puts – Range: .70-3.01 – Max Gain: 330%
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Nutanix, Inc. NTNX $33.50-35 Calls
$33.50 Calls – Range: .40-.98 – Max Gain: 145%
$34 Calls – Range: .20-.65 – Max Gain: 225%
$34.50 Calls – Range: .15-.40  – Max Gain: 167%
$35 Calls – Range: .10-.30 – Max Gain: 200%


Fresh Ideas:
SPY Weekly $314-315 Calls
BOX Weekly $16-17 Calls
VMW Weekly $165-170 Calls 


Extended Watchlist: 
IBIO, LODE, GALT, OCGN, AVEO, OBSV

ANAB Options Heating Up

AnaptysBio Inc. ANAB – Update

Today we want to come back to update on the progress of a longer-term options idea we formulated a couple of weeks ago on the 11th. We mentioned that we were interested in tracking the ANAB 01/17 $10-15 Calls, and it has turned out to be an excellent idea.

The stock itself has continually ramped its way up , filling some of the topside gap on the chart, trading from a low of 10.08 on the morning of our initial alert, to a new high of 13.33 yesterday. That’s an increase of 32% on the stock alone, with the observed gains in our highlighted options making much more significant moves:

$10 CallsRange: 1.50-3.20 – Max Gain: 113%
$12.50 Calls – Range: .50-1.50 – Max Gain: 200%
$15 Calls – Range: .23-.55  – Max Gain: 139%

As you can see on the following chart snapshot, indicators are strongly suggesting that ANAB should continue to make progress in filling the immense gap.


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Fresh Options Ideas: 

We also have several companies reporting earnings this morning, and here are the potential opportunities that we find most attractive among them:

Dollar Tree, Inc. DLTR Weekly $99-96 Puts
Nutanix, Inc. NTNX $33.50-35 Calls 


Extended Watchlist: 
CREG, BXC, TRNX, DY, ONTX, DKS, GBT

Blue Horseshoe Stocks: Interesting Bottom Play

Chaparral Energy, Inc. CHAP

We noticed CHAP on our routine morning scan today, and wanted to highlight the current situation for the stock as a potential longer-term swing trade idea. We are attracted to the setup of the chart, which is presently exhibiting a classic double bottom. At the start of the calendar year, CHAP came off of the same lows and surged nearly 100% to the $8-range.

We also want to relay the cause of CHAP’s recent analyst upgrade. The company report a slew of operational and financial highlights in its recent 10-K pertaining to the company’s 4th quarter and full year 2018 performance.

CHAP Q4/FY 2018 Highlights

  • Recorded 2018 full year STACK production of 14.5 thousand barrels of oil equivalent per day (MBoe/d), representing a 52% year-over-year increase
  • Achieved 2018 full year total company production of 20.5 MBoe/d
  • Reported full year 2018 net income of $33.4 million, or 73 cents per diluted share
  • Achieved full year 2018 adjusted EBITDA, as defined below, of $125 million
  • Grew 2018 total proved reserves to 94.8 million barrels of oil equivalent (MMBoe), which adjusted for 2018 divestitures marks a 35% year-over-year increase, and represents a PV-10 value of $686 million
    • Increased STACK proved reserves by 50% year-over-year to 74.1 MMBoe, while replacing 519% of STACK production
  • Invested $194.7 million in STACK drilling and completion (D&C) activities in 2018
  • Reduced total company lease operating expense per barrel of oil equivalent (LOE/Boe) almost $4 from $10.96 in 2017 to $7.24 in 2018
  • Strengthened the balance sheet by issuing $300 million of unsecured senior notes and increasing the borrowing base to $325 million in 2018 (>>View Source)

We’re going to be very interested to track the stocks progress on the heels of these revelations, and fully expect to see a sustain rebound attempt in the relatively near future.


Fresh Options Ideas:
DG Weekly $115-113 Puts

DLTR Weekly $103-101 Puts


Extended Watchlist:
INNT, DTCI, ORDO, AKTX, PLUG,

Blue Horseshoe Stocks: Retail Stays Hot

Retail Stays Hot

We formulated a couple of earnings related ideas in the retail space in yesterday’s premarket report. The first thing we’ll do is outline the huge multi-bag gains that traders could have netted with the help of our alerts.

The sector as a whole has been producing some good opportunities recently, and with a couple more big names reporting yesterday postmarket and in the premarket this morning, we’ll also hash out a couple of new ideas as well.

Target Corp. TGT  Weekly $75-77 Calls

$75 Calls – Range: .75-1.93 – Max Gain: 157%
$75.50 Calls – Range: .57-1.58 – Max Gain: 177%
$76 Calls – Range: .38-1.29 – Max Gain: 239%
$76.50 Calls – Range: .30-.98 – Max Gain: 227%
$77 Calls – Range: .18-.75 – Max Gain: 317%
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Kohl’s Corp. KSS Weekly $68.50-70.50 Calls

$68.50 Calls – Range: .80-3.40 – Max Gain: 325%
$69 Calls – Range: .65-2.95 – Max Gain: 354%
$69.50 Calls – Range: .58-2.56 – Max Gain: 341%
$70 Calls – Range: .40-2.10 – Max Gain: 425%
$70.50 Calls – Range: .35-1.75 – Max Gain: 400%
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Fresh Ideas:
Abercrombie & Fitch Co. ANF Weekly $22.50-24 Calls
Dollar Tree, Inc. DLTR Weekly $97.50-101 Calls


Extended Watchlist:
XXII, ZAYO, TSG, SGYP, ESNC, BPTH,

Blue Horseshoe Stocks: Fresh Options Three-Pack!

Galectin Therapeutics, Inc. GALT

About a week ago, we signaled GALT for observation, a stock we’ve had quite a bit of experience tracking in the past. It had been in a bearish downslide for the better part of two months, and had just begun to rebound.

We wanted to come back around for an update on the move GALT has made since that time. After seeing a low of 4.06, the stock has traversed its way back to a high of 6.53. That marks a respectable upswing of 61% and puts us on alert for the possibility of more moves.


SPDRA S&P 500 ETF (SPY) – Options Idea

Our fresh options idea for yesterday morning was the SPY Weekly $290-291.50 Calls to watch into the end of the week. With a solid midday performance for the SPY, some significant intraday gains were made in our designated targets.

$290 Calls – Range: .98-1.54 – Max Gain: 57%
$290.50 Calls – Range: .67-1.13 – Max Gain: 69%
$291  Calls – Range: .43-.79 – Max Gain: 84%
$291.50 Calls – Range: .25-.50 – Max Gain: 100%

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 Fresh Ideas:
LULU Weekly $149-152.50 Calls
BIG 09/21 $42.50-45 Calls
DLTR 09/21 $82.50-85 Calls


Extended Watchlist:
SAEX, OHGI, CMCM, BIOAF, MTSL, SSC