Options Updates, Fresh Ideas

Options Recaps:

Our first order of business this Monday morning is going to be rehashing some recent options picks and providing readers with the new highs recently achieved.

We signaled the DHR 08/21 $200-210 Calls for the first time on the morning of July 23rd, and the PLD 08/21 $100-105 Calls on July 21st,  and here are the updated gains on both of those hugely successful plays as of Friday’s new highs:

DHR 08/21 $200-210 Calls 
$200: 4.26-9.30 (118%)
$210: 1.38-3.30 (+139%)
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PLD 08/21 $100-105 Calls
$100: 1.52-7.70 (+407%)
$105: .45-3.90 (+767%)

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Fresh Options Ideas:

We’ve also got a range of earnings related options ideas to begin tracking as we kick off this fresh trading week:

MAR Weekly $93-95 Calls
PLUG Weekly $11.50-12 Calls
GOLD Weekly $28.50-29 Calls 


Extended Watchlist:
GAXY, RBII, DMAN, ZHUD, PDGO. BEGI

Heading Into a Crowded Earnings Period

SPDR S&P 500 ETF Trust (SPY) Update

We are continuing to track the SPY options we signaled on Monday morning, which brought solid gains, as we reported yesterday. Our targets, the SPY Weekly $319-320 Calls registered 93% and 110% moves, respectively.

Yesterday, they underwent a dip-and-rip, creating another opportunity for those who may have missed the first. Here are the daily ranges on our tracked contracts, which should also be setting new highs once again today, if the premarket activity we’re seeing is any indicator:

SPY Weekly $319-320 Calls 
$319: 1.08-3.23 (+199%)
$320: .75-2.68 (+257%)

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Fresh Ideas:

We’re just getting through a period of extremely thin options reporting, but we have finally reached the point where it will all begin to turn around. We have just a couple interesting reporters today, but starting tomorrow we should have plenty more targets to choose from. Several big names are slated to drop earnings over the next week.

GS Weekly $217.50-222.50 Calls
INFY Weekly $11-12 Calls


Extended Watchlist:
PAOG, MEDH, CORG, ENZC, NXTC, DMAN, QSEP, YAYO

SMPL Update, Form-4 Alert


The Simply Good Foods Co. SMPL – 
Options Review 
.
On Thursday morning, SMPL was among the fresh options trading targets that we had mentioned in our premarket report.  We were looking specifically at the SMPL 08/21 $20-22.50 Calls.

Despite it being one of our relatively rare longer-term swing-trade ideas, with tons of time remaining until expiration, we did see some early gains right off the bat from those plays as the week drew to a close.

08/21 $20-22.50 Calls
$20: 1.50-2.20 (+47%)
$22.50: .70-1.30 (+86%)

We’ll certainly continue to have these targets on watch in the weeks and months ahead, it was good to see some instantaneous opportunity arise.
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Fresh Ideas: 
SPY Weekly $284-286 Calls 


AxoGen Inc. AXGN – Form-4 Alert

We would also like to make mention of AXGN this morning. which we caught sight of during a routine Form-4 scan. We’ve got the CEO picking up shares and adding to his already considerable position just as the stock was preparing to register new annual lows.

We generally like to put stocks in this situation on watch, and will be anxiously awaiting the company’s quarterly results due in roughly two weeks.


Extended Watchlist:
DMAN, KNOS, PCTL, OWCP, HUTMF, NBY, AVCT, EROS, CYCC, TRNX,