Another Green Rush for Marijuana Stocks?

Big Time Options Success Persists

The title of our report that we sent out on Friday morning was “Another Dream Week of Options Trading”, wherein we patted ourselves on the back for connecting on some serious options gainers every day of the week.

We would continue that trend with Friday’s fresh options ideas, offering up four separate ideas and hitting big on each and every one of them. Take a look at the incredible single session gains that were available to ourselves and anyone who caught our premarket report. Out of all four of our highlighted target ranges, multibag gains were there for the taking regardless of the chosen strike price.

SQ Weekly $177.50-185 Calls 
$177.50: 6.07-23.60 (+289%)
$180: 4.08-20.77 (+409%)
$182.50: 2.53-17.94 (+609%)
$185: 1.59-16.05 (+909%)
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CVS Weekly $62-63 Calls
$62: .98-5.30 (+441%)
$62.50: .77-4.70 (+510%)
$63: .55-4.30 (+681%)
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Two of our options plays from Friday were high profile marijuana-related stocks, a sector that we have a high interest in, and in addition to logging massive gains on the options front, the stocks themselves also outperformed many others on on the day and into the premarket this morning.  TLRY has run from 8.45-14.36 while CGC increased from 21.90 to 27.25. Those moves made the following gains possible for our designated options targets: 

CGC Weekly $21-21.50 Calls
$21: .92-4.00 (+335%)
$21.50: .70-3.40 (+386%)
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TLRY Weekly $7.50-8.50 Calls
$7.50: 1.00-4.43 (+343%)
$8: .44-4.00 (+809%)
$8.50: .31-3.50 (+1029%)

It appears we are witnessing a revitalization of the cannabis sector, which we have long been touting as a favorite market space of ours. Since the first Green Rush in 2012, we have been extremely interested in the marijuana industry and we could be on the verge of another big green wave of success! For that reason, we will dedicate our entire extended watchlist to cannabis plays today.


Fresh Options Ideas: 
MCD Weekly $225-230 Calls
PLUG Weekly $18.50-20 Calls 


Cannabis Watchlist:
ACB, APAH, SNDL, MJNA, PHOT, TRTC, ERBB, GRNH, CBDS, CNBX, NIUGS, MSRT, HEMP, WDRP

Another Dream Week of Options Trading

Massive Options Success Continues 

We continue to be laser-focused on our ongoing options ideas, as well as providing new ones regularly. Our success rate has been through the roof for pretty much the whole of 2020 and before, but the past few weeks have been especially fruitful.

Below, we have the new highs in the SPY Weekly $340-342.50 Calls that we signaled on Wednesday morning, in addition to the intraday ranges and total potential gains on our two fresh ideas in AAPL and QCOM from yesterday morning’s premarket report:  

SPY Weekly $340-342.50 Calls 
$340: 4.08-12.45 (+205%)
$341: 3.53-11.41 (+223%)
$342: 2.92-10.60 (+263%)
$342.50: 2.80-10.00 (+257%)
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QCOM Weekly $140-145 Calls
$140: 3.26-8.95 (+175%)
$141: 2.80-7.94 (+184%)
$142: 2.04-6.85 (+236%)
$145: 1.11-4.70 (+323%)
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AAPL Weekly $115-118 Calls
$115: 2.42-4.75 (+96%)
$116: 1.51-3.85 (+155%)
$117: 1.11-3.01 (+171%)
$118: .70-2.26 (+214%)


More Gainers from Yesterday’s Report

We also had a pair of extended watchlist plays that produced nice intraday moves on the day yesterday. Here’s what was on the table from those plays:

Firemans Contractors, Inc. FRCN
Range: .0009-.0024 – Max Gain: 167%

Optech International Inc. OPTI 
Range: .05-.0778 – Max Gain: 56%


Fresh Options Ideas:
SQ Weekly $177.50-185 Calls
CVS Weekly $62-63 Calls & 02/19 $65-70 Calls
CGC Weekly $21-21.50 Calls
TLRY Weekly $7.50-8.50 Calls


Extended Watchlist:
RLFTF, BCHG, NSUPF, ERBB

Blue Horseshoe Stocks: Options Ideas & More


American Green, Inc. ERBB

We’ve seen a great performance out of ERBB over the past few sessions, since including it in Thursday morning’s premarket report. That morning the company had announced that it had purchased the entire town of Nipton California (>>View PR) with grand plans to turn it into a cannabis tourism destination.

Since then, ERBB has seen a big move on the chart, trading up from Thursday’s low of .0012 to a new 52-week high of .0046 yesterday, marking a three-day swing of 283% on the highest volume we’ve seen out of the stock since last fall.

We’re interested to keep an eye out for updates on the Nipton project, which will apparently consist of several facets including production of CBD-infused water sourced from local aquifers. ERBB is a stock we’ve followed for years, but we’ll want to pay extra attention in the weeks and months ahead to stay on top of that story and see how it affects the stock.


Options Ideas

Valeant Pharmaceuticals International, Inc. VRX – Despite a Q2 loss and guidance reduction posted in its report, VRX, which had been on a downtrend for several sessions prior, surged in premarket trading this morning.  We’re going to want to try to take advantage of the volatility created here with a set of options to track for potential swing trades. .

We’re going to be watching the VRX Weekly $16-17.50 Calls which could see some big activity following a potential early dip from profit-taking followed by a rip to new highs.

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Michael Kors Holdings, Ltd. KORS – On the flip-side, KORS is a stock that was experiencing a pretty good uptrend for an extended period leading up to its own earnings report, in which the company easily exceeded Wall Street’s expectations, and raised guidance.

Like the previously mentioned play, we’ll look for the classic dip-and-rip formation, and will be tracking the KORS Weekly $41.50-43.50 Calls as we head into this midweek.


Extended Watchlist:
ENDP, CLRB, XNET, VH, CHFS, DRRX