Tag: KOD

Options Success, Bottom Watch Play

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%)
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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.

Extended Watchlist:
NKLA, SPCE, CODX, BASA, ZNOG, IJJP

DRRX Update, FDX Options

DURECT Corp. DRRX – Review

With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.

Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.

FedEx Corp. FDX – Fresh Options Idea

FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.

We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.

Extended Watchlist:
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,

Fresh Options Trio & More

Kodiak Sciences, Inc. KOD 

To kick off the trading week on Monday, we included a mention of KOD in Monday’s premarket extended watchlist. On Tuesday morning, we updated reader on the amazing run the stock made from 35.00 to a high of 72.97 (+108%).

Yesterday’s session saw a pullback from those highs followed by another highly impressive intraday swing. The stock traded in a range from a low of 53.00 to a subsequent new high of 74.50. That’s another huge daily upswing to the tune of 41% and a total increase over Monday’s low of 113%

Workday Inc. WDAY –  Options Update

We had highlighted some WDAY Puts in yesterday’s premarket report, the WDAY Weekly $167.50-165 Puts, and despite the stock closing in the green, it had some trouble early on that led to some nice multi-bag gain opportunities.

The $167.50 Puts ran from a low of 2.25 and reached 5.93 for a gain of 164%, while the $165’s traded in a range from 1.50-4.10, an upswing of 173%
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Fresh Options Ideas:
DG Weekly $155-160 Calls
FIVE Weekly $124-126 Calls 
HHC 01/17 $120-125 Calls

Extended Watchlist: 
ARDX, ACAD, IBIO, NVGT, VRNT, DLTH, BIMI, BNGO,