Potential Bottom-Play, Options Recaps

Options Reviews: 

Our primary order of business this morning is rather typical, but we never get bored tracking winning options plays. We’ve got updates of new highs on some ideas that we were tracking in BBIO, as well as the daily figures from the fresh plays we offered up in yesterday morning’s premarket report.

We initially slated the BBIO 02/18 $12.50-15 Calls in Tuesday morning’s report , while, with yesterday’s new targets we were on the bearish side of the fence with the CALM 01/21 $37.50-35 Puts and the FCEL Weekly $5.50-5.00 Puts. Here are the total gains made by all of those plays so far:

BBIO 02/18 $12.50-15 Calls 
$12.50: 1.85-3.65 (+97%)
$15: 1.50-2.60 (+73%)
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CALM 01/21 $37.50-35 Puts
$37.50: 
.80-1.68 (+110%)
$35: .20-.50 (+150%)
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FCEL Weekly $5.50-5.00 Puts
$5.50: .35-.71 (+101%)
$5.00: .10-.29 (+190%)


Edgewise Therapeutics, Inc. EWTX – Bottom-Watch Play:

We’re also looking at EWTX for a possible bottom-bounce play in the days and weeks ahead. The stock recently got crushed down near its annual lows, and we’re going to be looking for it to hold support at $14.

We’ve drawn up a little annotated chart snapshot so you can see what we find attractive about this potential play.


Extended Watchlist:
ISIG, RELI, KPRX, FTT, CTK, CNGI, DPLS, NHMD, AXXA, SANP, USEI, PBHG, ZAAG

Continued Options Success, New Ideas

Options Review: 

We offered up four sets of options ideas in our premarket report yesterday, and three of those four ended up being solid movers on the day. We can’t always be flawless, but having said that, three out of four isn’t half bad!

Our designated targets were the SPY 11/15 $467-469 Calls, the AAP Weekly $240 Calls, and the ACM Weekly $70-72.50 Calls. Some of the gains we observed were fairly modest, but we had some nice multi-baggers in there as well – most notably the SPY $467 Calls which rattled off an enormous run on the day.

Here are the total ranges and possible profits that were available to anyone who was tracking these plays: 

SPY 11/15 $467-469 Calls
$467:
 .08-.70 (+100%)
$468: .12-.30 (+105%)
$469: .28-.52 (+121%)
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AAP Weekly $240 Calls
$240:
6.60-9.20 (+121%)
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ACM Weekly $70-72.50 Calls 
$70: 2.15-3.10 (+100%)
$72.50: .80-1.55 (+105%)


Fresh Options Ideas:
AXON Weekly $195-210 Calls
HD Weekly $370-375 Calls
SE Weekly $355-362.50 Calls 


Extended Watchlist: 
KZR, BIMI, PROG, CRTD, CYTH, OZSC, DPLS, GTII, CRYO, FTXP, CBGL

MDGS News Alert, Big Options Plays

Another Huge Day for Options: 

For the second straight day in a row yesterday, our slate of options ideas performed exceedingly well. In our premarket report, we had just been discussing the clean sweep we managed with the preceding session’s ideas.

Of course, we also formulated some new ideas, offering up target ranges on three big name earnings reporters and targeting the BA Weekly $207.50-212.50 Calls, the MCD Weekly $240-242.50 Calls, and the MSFT Weekly $312.50-315 Calls. Once again, we rung the bell on every attempt, with all three of those ideas producing big intraday runners.

BA Weekly $207.50-212.50 Calls
$207.50:
1.73-3.60 (+108%)
$210: .95-2.20 (+132%)
$212.50: .55-1.30 (+136

MCD Weekly $240-242.50 Calls
$240: 1.63-5.15 (+216%)
$242.50: .75-3.15 (+320%)
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MSFT Weekly $312.50-315 Calls 
$312.50: 4.40-13.70 (+211%)
$315: 2.68-11.36 (+323%)


Fresh Options Ideas: 
MRK Weekly $81-83 Calls
MA Weekly $340-345 Calls
KLAC Weekly $347.50-355 Calls


Medigus, Ltd. MDGS – News Alert:

We’re looking in once again on MDGS today as the company has issued a fresh PR, and today’s news is really driving some interest here in premarket trading, where the stock has already hit a new high of 2.35.
We initially began covering MDGS on August 23rd, and on that day saw the lowest PPS in the stock that we have since, at 1.36. The new highs this morning represent an increase over those lows of 73%

Today’s news once again involves the highly trendy blockchain-based NFT (non-fungible token) space, wherein Medigus has announced it will be placing more investment dollars:

Tel Aviv, Israel, Oct. 28, 2021 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company developing advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that it has signed a non-binding memorandum of understanding (MOU) with Safee, a technology company focused on non-fungible tokens (NFTs). Per the agreement, the parties will embark on a joint venture to trade and monetize NFTs and other digital assets. (>>Read Full PR)


Extended Watchlist:
IFRX, HCWB, DATS, VYGVF, WSRC, INND, DPLS, GBXI, DBGI