Tuesday’s Perfect Performance, Fresh Plays

A Perfect Day for Options:

After an admittedly disappointing outing on Monday, we bounced back yesterday morning with a vengeance. We gathered ourselves quickly and issued four new potential trading ideas in our premarket report, and were not displeased with the results. We got right back to our winning ways, as all four of our designated targets recorded nice intraday moves for us.

Our new interests were the SPY 07/11 $439-441 Calls, the INTU Weekly $460-465 Calls, the WDFC 07/21 $200-210 Calls, and the PSMT 07/21 $75 Puts. The gain chances they afforded us ranged from pretty darn good, to astounding, as you can see below:

SPY 07/11 $439-441 Calls
$439: 
1.06-3.83 (+261%)
$440: .56-2.95 (+426%)
$441: .16-1.95 (+1118%)
_____

INTU Weekly $460-465 Calls
$460: 
4.00-7.10 (+78%)
$462.50: 3.30-6.30 (+91%)
$465: 4.00-4.70 (+18%)
_____

WDFC 07/21 $200-210 Calls
$200: 8.40-32.46 (+286%)
$210: 3.20-26.10 (+715%)
_____

PSMT 07/21 $75 Puts
$75: 
.16-.80 (+400%)


Fresh Options Ideas:

After today, the barren earnings landscape will begin to fill in, with big-name reporters beginning to return tomorrow and Friday. By next week we’ll be absolutely swimming in earnings-related ideas. Today, we’ll just signal some SPY Calls, and a few longer-term possibilities based on chart setups and insider trades.

SPY 07/12 $443-445 Calls*
NTGR 08/18 $15 Calls
EDU 08/11 $43 Puts
ATI 08/18 $45 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
HCTI, AULT, CVKD, RXRX, AVRO, ARDS, ELOX, BNMV, IDXG

Earnings-Related Options Ideas & More

Monday’s Options Review:

We kicked off the week in solid form in our premarket report yesterday morning, despite lacking a large slate of earnings reporters off of which to base our daily ideas. All three of the quick-strike options targets we offered up for the day turned in winning cards. We had a much longer term with a June expiration as well, but we can come back for those at a later date.

In the meantime, our fresh targets to kick things off on Monday morning were the SPY 05/15 $411-412 Calls, the MNDY Weekly $145-155 Calls, and the SHAK Weekly $66-67 Calls and here are the numbers thy put up for us on the session:

SPY 05/15 $411-412 Calls
$411:
 .59-2.48 (+320%)
$412: .28-1.58 (+464%)

MNDY Weekly $145-155 Calls
$145: 4.00-9.40 (+135%)
$150: 2.50-6.00 (+140%)
$155: 1.60-3.80 (+137%)

SHAK Weekly $66-67 Calls
$66: 2.75-5.70 (+107%)
$67: 2.15-3.90 (+81%)


Fresh Options Ideas:
SE Weekly $84-82 Puts
HD Weekly $285-280 Puts
BIDU Weekly $127-125 Puts


Extended Watchlist:
GDC, LGHL, APLD, VYPR, TRKA, PHIO, HDUP, AITX, ECDP, IDXG

Blue Horseshoe Stocks: ENPH Review & More

Aytu BioScience, Inc. AYTU

We’ve done our best this week in reminding readers that our interest in AYTU was not a drill. Beginning from our initial alert in last Wednesday’s premarket report, the stock was exhibiting all the signs of a recovery play.

Yesterday we reiterated our interest for the second time this week, mentioning how the stock had already come a considerable distance from our observed  low of .4118, and that it had picked up momentum on Monday, and that more gains could be in store.

We were right on the money as the stock extended its recent gains yesterday running to a new high of .76, which represents a five day swing of 85%


Enphase Energy, Inc. ENPH

Recently, we have had quite a few plays we’ve signaled within the past couple of months, exhibit really convincing, sustained uptrends, and ENPH is another one to put in that category.

While our most recent mention of the stock came on March 19th, in the midst of the current run as a reminder, our initial call came on February 28th.  On that day, the stock saw a low of 3.07 and hasn’t looked back since.

Yesterday, ENPH surged to a new high of 5.58, marking a respectable one month run of 82% during which time volume has also been greatly increased.



Fresh Options Ideas –
Both of the following are looking good today with untraded-upon earnings beats, so we’ve got a pair of fresh ideas to share this morning:

Lululemon Athletica Inc. LULU Weekly $83-85 Calls
Blackberry Ltd. BB Weekly $12.50 & $13 Calls


Extended Watchlist:
TOPS, ANW, IDXG, LHO, MARA