Abercrombie & Fitch Co. ANF – Options Recap
We initially placed a pair of options ideas for ANF on watch in our premarket report Thursday, highlighting the ANF Weekly $10 & $11 Calls.
We saw multi-bag moves in those contracts that day, and Friday morning, we noted yet another premarket gap-up from the stock, mentioning that we would continue to track for more gains.
. The $10 Calls traded up to a new high of 2.41, and from our observed low of .60 on Thursday, extended the total move we saw to 302% The $11 Calls ran to a new high of 1.38, which from our witnessed low of .11 represented a monster two-day swing from Thursday’s low of 1154%
DSW, Inc. DSW – Options Recap
We went very options-heavy in our reports throughout last week, and another idea that bore fruit on Friday was one we formulated on Tuesday morning, with the DSW 09/15 $17.50 & $20 Calls.
In this case, the $17.50‘s were as low as 1.15 after our signal, and closed at 2.72 on Friday, marking a four-session swing of 137% The $20’s ran from .30 to as much as .80, for a 167% move.
There’s still plenty of time before expiration on these contracts, so we won’t rule out seeing further positive activity in the days and weeks ahead.
Amazon, Inc. AMZN
To keep this options train chugging down the tracks, we’re going to highlight a range of contracts in the AMZN chain.
AMZN stock itself has been under consolidation and is presently sitting around an area of previous support. A lot of eyes are on the company as well as its first day as the official owner of Whole Foods brought sweeping price cuts at the high-dollar supermarkets.
We’re going to look to the AMZN 10/06 $965-980 Calls for an extended term idea, which could yield significant gains once a reversal occurs on the chart.
Tandem Diabetes Care, Inc. TNDM
We also want to place TNDM on watch for the reasons outlined in the annotated chart below. The stock cracked its 50DMA last week after recently having fallen to new lows, so we want to put in on the radar for a potential recovery play.
ASPS, KITE, JUNO, DCTH, EYES, FRSX, ALQA