Foresight Energy (LP) FELPU
Our first order of business today is to highlight a call that was made by a member of our daily traders chats on Skype. As you can see in the included snapshot, “DJ” offered up an alert to the group on Friday morning, and the stock responded with a two day rally from .03 to .135. That works out to a total upswing of 350%
This is also a great example of why we encourage our readers to join in our daily private traders chats. Anyone can get in on the action, simply by sending a skype contact request to the user “stocksumo”. We look forward to seeing some of you there!
Fresh Options Idea
Kohls Corp. KSS Weekly $53.50-51 Puts
Home Depot Inc. HD Weekly $227.50-232.50 Calls
VNTR, CNSP, MYOV, CNSP, PGNY, BAS, DRNA, GNPX, JKS, ASND
Unity Group, Inc. UNIT
To kick off the fresh trading week yesterday, we tagged quite a large number of stocks in our Extended Watchlist, including UNIT with the note ‘Bottom-Watch’ attached. The stock had been absolutely pummeled in previous sessions, and a rebound appeared imminent.
We didn’t have to wait any time at all for that bounce to occur, with the stock posting a heck of an intraday performance. From a low of 8.29, UNIT surged its way up to a daily high of 11.5. That marks a very solid first-day performance for this play amounting to a gain of 37% We will continue to track the stock for further gains as the week the progresses.
General Electric Co. GE
We also wanted to recap the recent performance of GE. We mentioned this play shortly after the new year on January 8th, and observed a low of 8.18 the following day. Since then,we’ve seen fairly steady growth out of the stock, as it has run from that low up to a new high of 11.75 yesterday.
That represents an overall increase of 47% in roughly 7 weeks’ time. GE also just cracked its 200DMA yesterday, with the RSI about to head into the power zone, so we’ll want to continue our monitoring of its activity in coming sessions as well.
FTE Networks, Inc. FTNW
After being in a general downtrend since June, we’re seeing some sparks of life from FTNW, which is roaring up off of its 52-week lows as a result of announcing over $115M in new contracts. We are going to place this on our radar and strap in for what could be an impressive push off of its bottom.
Up considerably in the premarket, there are resistance areas roughly around $4, $6 and $10, and FTNW has the potential to crack some or all of those levels with the surge off of this latest news.
Fresh Options Ideas:
Etsy, Inc. ETSY 03/15 $60-65 Calls
The Home Depot, Inc. HD Weekly $185-180 Puts
AYX, VSI, WP, SKYS, THC, SOLO, WIN(Bottom-Watch)
Successful Options Ideas
We formulated some quick-strike, post-earnings options ideas for Home Depot and Advanced Auto Parts in yesterday morning ‘s premarket report. Even with shaky market performance like we’ve seen this week, a good earnings play can go a long way, and we proved it yet again.
Both ideas we submitted produced instant results, with the HD contracts we signaled providing the biggest potential profit by far. Those gains were as follows:
Home Depot, Inc. HD Weekly $180 Calls
Range: .40-3.00 – Max Gain: 650%
AAP Weekly $170 & $175 Calls
$170’s Range: 9.89-14.83 – Max Gain: 50%
$175’s Range: 5.80-9.90 – Max Gain: 71%
More Fresh Options Ideas
We’ll keep the post-earnings options train rolling with another pair of ideas this morning. Especially during times of high market uncertainty, earnings related options plays are our go-to targets.
Canada Goose Holdings, Inc. GOOS Weekly $66-69 Calls
Macy’s Inc. M 12/07 $37 & 37.50 Calls
We’ll also signal some SPY calls that will be in play provided it holds above $270 upon the open. In that event, we’ll be looking at the SPY Weekly $272-274 Calls.
YGYI, DNR, SHIP, OHGI, PETQ, DSS, HMNY, LMFA, BPMC(Multi-Bottom)