RTTR Pops, Options Recaps & More

Ritter Pharmaceuticals Inc. RTTR

We were looking for a big start to the week, which we did get with our options ideas on Monday, but we also included RTTR in that report, and yesterday the stock really went for a ride.

From a low of .332 Monday morning, to yesterday’s new high of .74 it marks a two-day upswing and total possible gains of 123%


Options Updates

We also formulated several options ideas in yesterday morning’s premarket report, and were flushed with solid opportunities to profit in 3 out of our 4 target ranges. Here are the moves made by those contracts on the day:

CHGG 05/15 $45-55 Calls
$45: 
8.00-16.19 (+102%)
$50: 4.00-12.00 (+200%)
$55: 1.36-7.89 (+480%)
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PTON Weekly $34-35 Calls*
$34: 
2.96-4.00 (+35%)
$35: 2.41-3.50 (+45%)

*Based on premarket activity, we expect to see the gains here increased today, so keep an eye peeled.
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SPY 05/06 $285-288 Calls
$285: 2.93-4.83 (+65%)
$286: 2.36-4.04 (+71%)
$287: 1.83-3.30 (+80%)
$288: 1.37-2.64 (+93%)


Fresh Options Ideas:
CVS Weekly $62-63 Calls
EA Weekly $120-115 Puts
INMD 05/15 $25-30 Calls
CLVS Weekly $8-8.50 Calls


Extended Watchlist:
MDGS, ALA, POAI, VNTR, CARS, MELI,

Blue Horseshoe Stocks: SUNW Update & More

Sunworks, Inc. SUNW – Update
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We brought SUNW to our readers in our report on Friday morning, and despite having already spent nearly the whole of April in a steady uptrend, the stock is still making headway here in the month of May.

From the low of 1.264 that was registered on the morning of our initial alert, the stock made its way to 1.97 yesterday, which represents a three-day upswing and total possible gains of 56% for our readers.The stock is now well into blue sky breakout territory, so there’s no telling how much higher it could go, bu we’ll certainly continue to keep an eye peeled.


Fresh Options Idea:

Electronic Arts, Inc. EA – With a solid beat on both earnings and revs, we’re looking to EA this morning on the heels of its quarterly financials drop. Expectations on future guidance from the company have also been exceeded.

We’re going to be focusing on the EA Weekly $98.50-100 Calls in response to the present conditions and activity we are observing here in the premarket.


Extended Watchlist:
AMPG, GNMX, PAGP, CVRS, FTFT, IDEX, TROV, HUSA

Blue Horseshoe Stocks: Big Winners from Friday

Big Winners from Last Week
Due to the sheer number of winning plays to report on from Friday’s newsletter, we will give only a brief summary including the name of the company, the ideas we submitted, and the total possible gains they had provided by the end of the week.

Nearly everything we’ve had our hands in recently has made some type of the move to the upside, continuing a very promising trend that we have established in the first months of 2019.

AstraZeneca plc AZN –We cited some contracts here earlier in the week (Weekly $39-39.50 Calls), as well as updated that idea on Friday with a couple of new targets at higher strike prices (Weekly $40-40.50 Calls). All contracts involved saw significant moves/new highs.

$39 Calls – Range: .55-1.39 – Max Gain: 153%
$39.50 Calls – Range: .19-1.35 – Max Gain: 611%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .12-.38 – Max Gain: 217%
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Electronic Arts, Inc. EA – We had the EA Weekly $107-109 Calls in Friday’s report as a fresh idea, and all three of those plays could have worked out nicely for traders. We saw double bag gain opportunities across the board in this case.$107 Calls – Range: .78-1.60 – Max Gain: 102%

$108 Calls – Range: .50-1.13 – Max Gain: 126%
$109 Calls – Range: .33-.66 – Max Gain: 100%
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Canopy Growth Corp. CGC – We’ve been watching Canopy since well before the stock uplisted to the NYSE from the OTC, and while what was supposed to be a Canadian cannabis boom has been much more subdued than anticipated, we still like to keep tabs on this one and use its activity to our advantage wherever possible. On Friday we targeted the CGC Weekly $46.50-48 Calls and were met with multi-bag intraday gains there as well.
$39.50 Calls – Range: .83-2.01 – Max Gain: 142%
$40 Calls – Range: .62-1.60 – Max Gain: 158%
$40.50 Calls – Range: .43-1.20 – Max Gain: 179%
$40 Calls – Range: .31-.90 – Max Gain: 190%
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SPDR S&P500 ETF (SPY) – Last but not least, we had an idea for the SPY options chain, as we very often do, and all of those contracts provided us with big profit chances as they very often do! All five targets in the range of our SPY Weekly $274.50-276 Calls made big moves.
$274.50 Calls – Range: .85-2.92 – Max Gain: 244%
$275 Calls – Range: 1.26-2.62 – Max Gain: 108%
$275.50 Calls – Range: .86-2.61 – Max Gain: 203%
$276 Calls – Range: .50-1.60 – Max Gain: 220%
$276.50 Calls – Range: .22-1.10 – Max Gain: 400%

Walmart, Inc. WMT – Fresh Options Idea
Today we want to keep things rolling with a new idea to kick the week off on, and that is going to be WMT Weekly $101-104 Calls. The stock broke a double-top area of resistance on Friday, and this morning, an across-the-board earnings beat should help create some nice activity in our designated range.
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Bonus Idea:
Advance Auto Parts, Inc. AAP Weekly $165-170 Calls

Extended Watchlist:
IDVV, DPW, EROS, VIAV, BLIN, CLSD, VKTX