Yesterday morning, we decided to highlight the attractive chart setup on DSW with the stock trading at its lowest PPS since May. Despite another tumultuous day for the markets at large, DSW made an early dip-and-rip that savvy traders could have taken advantage of.
We designated the DSW 12/21 $22.50 & $25 Calls and were met with instant success. Both of those contracts produced significant gain opportunities in the first half of the session. The $22.50′s ran from a low of 2.05 and reached as high as 3.50 for a gain of 71% The $25′s fared even better, posting a multi-bag pop from .65-1.50, a 131% move. _______
Fresh Options Ideas:
Apple Inc. AAPL 01/25 $175-180 Calls
Netflix Inc. NFLX 01/25 $290-300 Calls
Yesterday morning, we placed INSE on recovery watch in the wake of its quarterly reporting. We cited the attractive bottom-bounce that was in effect as the markets had tanked the previous day and INSE managed to buck that trend.
Our instincts about this play turned out to be very good, with the stock piling on yet another very solid trading session. The stock’s low came in right at the opening price of 3.86 and it never looked back. INSE ran up to 5.23, representing a respectable single-session rise of 35%
It also closed just three cents lower than the high of day, setting us up to see if the stock can continue to build upon the momentum it has thus far exhibited.
DSW, Inc. DSW
We’d also like to formulate a fresh options idea for the DSW chain, after noticing an attractive chart setup. The stock has been trading at its lowest PPS since May, which when coupled with solid earnings and guidance in this morning’s quarterly report, could make for just the right conditions to strike on some options trades.
We’re going to signal interest in the DSW 12/21 $22.50 & $25 Calls, and keep those on watch throughout the rest of the week and into the next.
Among our fresh options trading ideas from yesterday morning were the DSW 09/21 $30 & $35 Calls. We noticed the company reported strong quarterly figures, and took advantage.
There were two separate intraday opportunities to be had in the $30 Calls, which first went from 3.00-4.30 (+43%), pulled back, and made another similar move from 2.25-3.30 (+46%). The $35 Calls fared the best, producing a chance at gains of up to 138% as they ran from .40-.95. _______
More Fresh Options Ideas:
Hewlett Packard Enterprise Co. HPE Weekly $16.50 & $17 Calls
American Eagle Outfitters Inc. AEO Weekly $28-26.50 Puts
CEL-SCI Corp. CVM
We also wanted to quickly make mention of CVM, which we tagged for observation one week ago today. The stock has since produced a notable bullish push. Its low of 1.36 gave way to a new high of 2.46 yesterday, marking a one week upswing of 81%
The move filled the majority of the large gap on the chart, but not quite completely, so we’ll leave the stock on our radar to see if it can continue its recent uptrend.
It’s been just under two weeks since we alerted readers that we were interested in the CGC 09/21 $30-40 Calls. This was as a direct result of beverage behemoth Constellation Brands’ (STZ) adding a multi-billion dollar block to its stake in CGC.
CGC shares themselves have risen 66% over the same period, from a low of 29.05 to yesterday’s new high of 48.19.
What this continued bullish surge has done for our options ideas has been nothing short of eye-popping. The update ranges and total possible gains so far are as follows:
$30 Calls – Range: 1.76-18.20 – Max Gain: 934% $35 Calls – Range: .56-13.90 – Max Gain: 2382% $40 Calls – Range: .16-8.75 – Max Gain: 5369%
The $40′s especially have obliterated our wildest expectations. A paltry $16 investment on a single $40 Call contract at the lows, would have been been worth roughly $859 at the highs!
As you can very plainly see, options are where the biggest potential profits lie, so we will of course be offering up a couple of fresh ideas this morning.
Both TIF and DSW are coming off of good receptions in the wake of their quarterly earnings reports today. We’ll take that into account and keep the following plays on watch:
We’re coming back to RXMD once again to review this unstoppable momentum play that has appeared in five of our last six reports. After our initial mention of this play on February 22nd, we witnessed a low of .0663 and it hasn’t looked back since.
Continuing its impressive trajectory into blue skies, with every uptick the stock attains a new five year high. Yesterday it reached .265, which represents an observed increase of 301% in a matter of roughly three weeks! As measured from Monday of last week at its low of .1171, it managed a one week swing of 126%
DPW Holdings. Inc. DPW
We want to tag DPW this morning as a potential bottom bouncer, after noticing an interesting chart setup.
As we’ve pointed out on the following snapshot, the stock has come down to what we feel is a pretty solid area of support, and looks like it may try to make a run at its 50DMA. It also saw a pretty good surge in volume yesterday, so we’ll place it on watch today.