SPDR S&P500 (ETF) SPY
As we close out another solid week of stock and options trading, we just wanted to provide one final update on the SPY Calls we made earlier in the week. The markets dipped in the first half of the session yesterday, but recovered throughout the rest of the day.
Our idea from our premarket report on Wednesday morning of the SPY Weekly $296-297 Calls all produced double-bag intraday opportunities, and the two sets that we rolled up to include on our watchlist, the $297.50 and $298 Calls, kicked in multi-bag performances of their own.
$296 Calls – Range: .99-2.16 – Max Gain: 118%
$296.50 Calls – Range: .74-1.76 – Max Gain: 138%
$297 Calls – Range: .55-1.39 – Max Gain: 153%
$297.50 Calls – Range: .40-1.05 – Max Gain: 163%
$298 Calls – Range: .27-.77 – Max Gain: 185%
Just as there was yesterday, there may be another dip and rip chance for opportunistic traders to seize upon, so we’ll leave these plays on our radar as we finish out the week.
IGNG, PRPO, OSTK, TBLT, DSLV, XBIO, ZIOP, TMDI, PSTV, LVS, AMRH, NTLA, EKSO
Imaging3, Inc. IGNG
In our report on Tuesday morning, we tagged IGNG for observation, at which time we observed a low of .116 in the stock. Yesterday, following the appointment of a cannabis industry veteran consultant to the company’s LA-based cannabis and CBD subsidiary, (>>View PR). IGNG shot to .295. That’s a two-day swing of 154% , and gives us the interest to continue tracking the stock.
Please watch the following video chart on IGNG where we point out key resistance and support levels which will give you a better idea of what to expect going forward:
IGNG VIDEO CHART
(**We were not compensated in any way to produce this video or coverage on IGNG**)
Weatherford International plc WFTIQ
In the same report from Tuesday morning, we identified WFTIQ as one to watch, and it too has produced a very nice two-session gain opportunity for us.
We witnessed a low of .0198 in the stock, and it went on to see a high of .0264. That works out to a solid 33%
Zscaler Inc. ZS
Lastly, we identified some bearish options ideas for the ZS chain in yesterday morning’s report, and those produced some very nice chances for intraday profits.
ZS Weekly $51-49 Puts
$51 Puts – Range: 2.78-5.00 – Max Gain: 80%
$50 Puts – Range: 1.99-4.00 – Max Gain: 101%
$49 Puts – Range: 1.60-2.60 – Max Gain: 63%
SBGL, PAR, GMO, OTLK, VTGN, AU, CLVS
Pier 1 Imports Inc. PIR
It was just Monday morning that we were heralding the performance of PIR following our recent tag of the stock as a bottom-watch play just shy of three weeks ago on August 23rd. The day after that alert, we would observe a low of 3.76. At the time we mentioned that we felt a double-bagger was possible, and as of Monday, it had fallen just short of that mark with a 91% increase.
Yesterday, the stock blew through that mark with its biggest session yet. It traded in an impressive intraday range from 6.10-10.48 (+64%). That pushes our overall gains since our initial flag to a very nice 179% well past the double-bag mark that we had targeted!
Endo Pharmaceutical Holdings Inc. ENDP
Speaking of other very respectable stock calls we’ve made recently, we tagged ENDP on August 7th, as it was trading for as little as 2.14.
Yesterday, after its second big bull session of the past week, the stock hit a new high of 4.07, leaving us with total possible gains of 92% since our initial call on ENDP.
Fresh Options Idea:
Zscaler Inc. ZS Weekly $51-49 Puts
CBDL, IGNG, AIMT