34-Bagger on the Books!

Nikola Corp. NKLA – Review

Yesterday, when we presented the incredible gains made by the idea for NKLA that we formulated on Monday morning, we mentioned that we expected the already mind-boggling gains to be extended. We had seen a fifteen and a nineteen-bagger, and were sure that the morning’s activity would result in even bigger moves.

We turned out to be correct in the best possible fashion, with those gains being extended by a ridiculous margin. Here are the updated figures, and the total possible gains over a TWO DAY period to kick off this incredible trading week.

NKLA Weekly $42-43 Calls
$42:
 1.79-45.50 (+2442%)
$43: 1.34-48.10 (+3490%)


Tiffany & Co. TIF

We also presented a fresh options idea for yesterday’s report, and got some instant gratification there as well, with the TIF Weekly $122-124 Calls posting some respectable single-session gains on the day.

TIF Weekly $122-124 Calls
$122: 2.25-3.66 (+63%)
$123: 1.15-2.02 (+76%)
$124: .85-1.60 (+88%)


Fresh options Ideas:
SPY Weekly $321-323 Calls
AMC Weekly $6-6.50 Calls


Extended Watchlist:
TRNX, ZHUD, GRST, UNGS, GMEV, JASN

Big-Time Options Winners

Options Reviews

We got off to a very good start yesterday morning with our fresh options ideas. We’ll circle back to the longer term ideas later, but all of our weekly contracts produced nice gains as the markets saw a a healthy bull session following a brief early morning dip.

Here are the total possible profits on the day that were afforded by our targets. In the case of CGC and TLRY, premarket conditions today lead us to believe that we will see these gains extended even further: 

CGC Weekly $16-16.50 Calls
$16: 
.25-.72 (+188%)
$16.50: .18-.55 (+205%)
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TLRY Weekly $7-7.50 Calls
$7: .55-.99 (+80%)
$7.50: .36-.64 (+78%)
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TSN Weekly $57-55 Puts
$57: .94-3.25 (+246%)
$56.50: .88-2.70 (+207%)
$56: .77-2.55 (+231%)
$55: .55-1.95 (+255%)
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SPDR S&P500 (ETF) SPY – Recap 

On Friday morning, we had also updated our options targets for the SPY, signaling the 05/04 $282-283 Calls, and those put up some really nice numbers into yesterday’s expiration that we wanted to relay this morning.

05/04 $282-283 Calls
$282: .25-1.95 (+680%)
$283: .09-1.09 (+1111%)


Fresh Options Ideas:
CHGG 05/15 $45-55 Calls
GNMK 05/15 $10-15 Calls
PTON Weekly $34-35 Calls
SPY 05/06 $285-288 Calls


Extended Watchlist:
GOVX, GNPX, BTSC, GAHC, GMEV, DCLT, MVIS, TGTX, AKBA, KOPN, PCTY

Looking for a Big Start to the Week

The Clorox Co. CLX – Recap

Our sole fresh options trading idea on Friday was in the CLX chain and came on the heels of the company’s earnings drop. Bleach definitely has a big role to play during the coronavirus pandemic based on a need to keep surfaces as disinfected as possible, making this a high synergy play.

The single-session gains our idea produced during Friday’s session are certainly indicative of that, with huge multi-bag rips across the board:

CLX Weekly $190-195 Calls
$190: .90-7.50 (+733%)
$192.50:  .63-5.69 (+801%)
$195: .41-3.33 (+712%)
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SPDR S&P500 (ETF) SPY – Recap

We also have the final highs and total ranges on the group of SPY Puts that we signaled in Thursday morning’s premarket report. Those also turned out to be a great success, with two-day moves which also reached multi-bag status.

SPY 05/04 $291-288 Puts
$291: 2.49-9.50 (+282%)
$290:  2.14-8.60 (+305%)
$289: 1.84-7.75 (+321%)
$288: 1.54-7.00 (+355%)


Fresh Options Ideas:
BUD 09/18 $45-55 Calls
STZ 07/17 $170-180 Calls
CGC Weekly $16-16.50 Calls
TLRY Weekly $7-7.50 Calls
TSN Weekly $57-55 Puts 


Extended Watchlist:
TGHI, GMEV, BYZN, WARM, RTTR, APDN, NNVC, YGYI, OGEN, PRTY

Blue Horseshoe Stocks: ASTI, TEUFF Reviews & More

Ascent Solar Technologies, Inc. ASTI

We’ve been quite familiar with ASTI in the past, and circled back around to it yesterday morning, in time to catch what was ultimately one heck of a solid session.

We had noticed it recently producing some bottom-bounce action, along with a huge increase in volume and they proved to be huge indicators of a continued surge. The stock traded in a range from .051-.0779, for a healthy 53% jump, and maintained well over half of that gain into the close at .074.

We’ll definitely want to see ASTI take a run at its previous swing highs of .085 and .119, followed by the 50DMA of .13, as pointed out in the chart snapshot here:


Time Warner, Inc. TWX – Options Update

We brought an options trading idea to the table yesterday morning in the wake of an earnings beat for Time Warner, the TWX Weekly $77-79 Calls, and every set of contracts in the range performed really well, with each one yielding a multi-bag gain opportunity on the day.

$77 Calls – Range: .76-2.06 – Max Gain: 171%
$77.50 Calls – Range: .59-1.57 – Max Gain: 166%
$78 Calls – Range: .37-1.37 – Max Gain: 270%
$78.50 Calls – Range: .20-.65 – Max Gain: 225%
$79 Calls – Range: .09-.69 – Max Gain: 422%

With news hitting in the post-market yesterday that TWX will be taking up a 10% stake in Hulu, it will be interesting to see how the activity unfolds from here.


Box Ships, Inc. TEUFF

Another inclusion in yesterday’s premarket report was TEUFF, which, similar to ASTI, was in the midst of a spike in upward momentum off of a recent bottom. We were banking on seeing some of that carry over into yesterday’s session, and that’s just what happened.

TEUFF traded up from a low of .018 and hit .0276; another 53% intraday gainer for what was a very productive day all around.


Extended Watchlist:
APHB, GMEV, OCUL, LEXG, MJMI, DNRG(Potential bottom)

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