A Selection of July Calls & More

Winning Options Review: 

We were pleased to start off the short trading week with a bang yesterday, getting right back on track with a couple of options trading ideas that netted some good intraday gain opportunities for anyone who was paying attention. The markets ripped all day long, so it was definitely a good time to go bullish on the SPY.

We did so with the SPY 06/21 $369-371 Calls, and we also stuck in an idea for the one earnings play that stood out to us on the day, the LEN Weekly $64-66 Calls. In both cases, the potential profits reach multibag territory. Those moves were as follows:

SPY 06/21 $369-371 Calls
$369:
 3.76-7.43 (+98%)
$370: 2.88-6.52 (+126%)
$371: 2.59-5.50 (+112%)
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LEN Weekly $64-66 Calls

$64: 1.90-4.03 (+112%)
$65: 1.88-4.00 (+113%)
$66: 1.05-3.23 (+208%)


Fresh Options Ideas:

We’re in the midst of an earnings drought that is going to persist for at least a few more weeks, but we’re still trucking right along, working with what we’ve got. Today’s earnings play that stands out in the premarket is from the Winnebago chain, while we’ve also noticed some insider buying near the bottom on NLOK.

WGO 07/15 $45-50 Calls
NLOK 07/15 $24-25 Calls
FL 07/15 $31-32 Calls


Revlon, Inc. REV – Recap: 

We’ve also got an update on Revlon, which we tagged for observation on Friday morning. The stock has followed that alert up with two nice sessions in a row now. Our observed range for that period is 2.73-6.95 (+155%) This morning’s premarket high of 8.39 marks an overall increase of 207% over just a few trading days!


Extended Watchlist: 
EVSV, INTK, INQD, MMTLP, ECOX, LTCN, SIRC, KBLB, XELA, QTNT, USWS

Hits on All Options Plays, Fresh Ideas

Yesterday’s Solid Options Plays:

We kicked off the short trading week and final day in May yesterday morning with some truly incredible updates on Friday’s options ideas, and while yesterday’s fresh plays didn’t rise to the same magnitude, we still set up four ideas and knocked each of them down with some respectable intraday moves. The markets opened lower, then gained ground back for much of the early portion of the day.

That helped with some solid moves in all of our highlighted potential targets, which were the PDD Weekly $49.50-51 Calls, the BEKE 06/17 $12.50 Calls, the AMC Weekly $14.50-15.50 Calls, and the HTHT 06/17 $30 Calls. Those modest, yet notable intraday opportunities brought the following profit chances for us on the day: 

PDD Weekly $49.50-51 Calls
$49.50: 
1.80-3.00 (+67%)
$50: 1.55-2.92 (+88%)
$51: 1.18-2.25 (+91%)
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BEKE 06/17 $12.50 Calls
$12.50: 1.00-1.67 (+67%)
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AMC Weekly $14.50-15.50 Calls
$14.50: .99-1.77 (+79%)
$15: .84-1.51 (+80%)
$15.50: .73-1.31 (+79%)
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HTHT 06/17 $30 Calls
$30: 3.20-3.90 (+22%)


Fresh Options Ideas:
CRM Weekly $170-175 Calls
VSCO 06/17 $45 Calls
CPRI Weekly $49-52 Calls


Extended Watchlist:
INTK, RMSL, KLDO, INND, ILST, TNXP, VTVT, ENDP, MTP, VYNT, 

Options Gainers Across the Board, New Ideas

Options Gainers Across the Board:

The markets were back to the doldrums yesterday, gapping down to start and never getting back above water on the session, but that didn’t stop us from scoring some decent gain chances with the options ideas in our premarket report. Not all of those potential gains were earth-shattering, but several were extremely solid, and the remainder was respectable.

We were tracking the NTES Weekly $98-100 Calls, which put forth the moderate opportunities, while the WOOF Weekly $15-16 Calls, and the ZM Weekly $91.50-93 Calls fared quite a bit better, as they logged extra large multi-bag spikes on the day. Take a look at the figures from these successful plays below:

NTES Weekly $98-100 Calls
$98:
 1.25-1.88 (+50%)
$99: .95-1.41 (+48%)
$100: .80-1.15 (+44%)
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WOOF Weekly $15-16 Calls
$15: .20-.70 (+250%)
$15.50: .15-.40 (+167%)
$16: .05-.25 (+400%)
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ZM Weekly $91.50-93 Calls
$91.50: 2.77-7.25 (+162%)
$92: 2.48-7.20 (+190%)
$93: 2.20-6.44 (+193%)


Fresh Options Ideas:
TOL Weekly $44-46 Calls
DKS Weekly $65-63 Puts
JWN Weekly $21-22 Calls 


Extended Watchlist:
IGEX, INTK, PMETF, ABML, GNCA, MICS, HAPP, ELEV, MOTS,