The Sherwin-Williams Co. SHW – Review:
One of our most successful picks of the month thus far has got to be our options targets in SHW. We signaled the SHW 04/16 $246.67-250 Calls to close out the short week on Thursday morning, and provided an update on Monday. We’re swinging back around for a third time to issue another recap of the progress made by those calls.
These updated figures in our designated contracts represent the overall upswings from this past Thursday’s lows to yesterday’s new highs:
SHW 04/16 $246.67-250 Calls
$246.67: 3.50-12.50 (+257%)
$250: 1.90-10.00 (+426%)
The stock has been streaking into blue skies, so we’ll also roll up to include fresher strike points and add the SHW 04/16 $256.67-260 Calls to our radar.
UP Fintech Holding Ltd. TIGR:
Another set of ideas with an April 16th expiration, we targeted the TIGR 04/16 $17.50-20 Calls on the Friday before last, and in that span of seven sessions, we have seen two distinctive runs, which we have articulated in the results below.
TIGR 04/16 $17.50-20 Calls
Fresh Options Idea:
SCHN 04/16 $42-43 Calls
AMLH, PLYZ, IJJP, MCIC, FTEG
Recap of Friday’s Plays:
We finished out last week with a bang as we reaped the reward of some very good options ideas. Not only did our fresh ideas from Friday morning in the SPY and TLS pop off for multibag gains, but our targets in DRI from Thursday morning’s premarket report, also tacked on some impressive new highs.
These gains were added in roughly the final 90 minutes of the session, where the markets made an incredible surge into the close that sets this holiday-shortened week up to be very interesting.
Here are the trading ranges and total possible profits on our successful ideas, a couple of which are still active for another couple of weeks before expiration:
SPY Weekly $398-399 Calls
$398: 1.85-7.63 (+312%)
$398.50: 2.23-6.44 (+189%)
$399: .53-5.32 (+903%)
DRI 04/16 $135-140 Calls
$135: 3.20-13.20 (+313%)
$140: 2.40-9.60 (+300%)
TLS 04/16 $35-40 Calls
$35: 2.70-4.80 (+78%)
$40: .60-3.00 (+400%)
Fresh Options Ideas:
FUBO 05/21 $25-30 Calls
ViacomCBS, Inc. VIAC – Options Idea
We’ve been taking note of the massive selloff in VIAC over the past week as the company’s massive fundraising efforts resulted in a huge $2.1B block trade priced at roughly $47/share. The stock has come all the way down to those levels and we want to enter a longer-term swing trade idea to coincide.
We are going to radar the VIAC 06/18 $50-55 Calls and keep track of them over the coming weeks and months.
HCMC, VBHI, RXMD, MMEDF, MINE, TKOI, GRLT, IJJP, WSGF
SPY Options Review
Yesterday morning, we went bearish on the markets as a whole, signaling the SPY 09/09 $340-338 Puts for observation in our premarket report. Our hunch on the daily direction of the wind proved solid, as the contracts in our designated range produced healthy intraday runs.
Here are the moves and total possible gains we witnessed there:
SPY 09/09 $340-338 Puts
$340: 3.94-7.59 (+93%)
$339: 3.30-6.78 (+105%)
$338: 2.75-6.00 (+118%)
Fresh Options Ideas:
KOD 10/16 $45-50 Calls
LULU Weekly $340-335 Puts
Akabia Therapeutics, Inc. AKBA
We took notice of AKBA this morning because of the intriguing setup of the chart. The company had a bad clinical report recently and fell off of an absolute cliff. We want to place this on bottom watch and observe closely over the next several sessions.
There is a massive gap to the upside that you could drive a truck through, so we’re going to be anxious to see when the stock will move to fill some of that gap.
NKLA, SPCE, CODX, BASA, ZNOG, IJJP