The Walt Disney Co. DIS
The first thing on the menu this morning is to take a look at Disney on the heels of ESPN+ securing US broadcast rights to Bundesliga soccer from 2020 to 2026.
The stock is already exhibiting a fairly solid double bottom formation. What we want to see is DIS holding above the 200DMA of 125.98, and if it can manage that, we’re going to be very interested in the DIS 11/08 $133-136 Calls.
Atreca, Inc. BCEL
We also want to radar BCEL, which is a bottom-play candidate for us as we kick off this fresh trading week. The stock nearing the 3-month mark since its IPO, and is not trading far off of its records lows at the moment.
We’re going to want to keep an eye on this play for a potential reversal ion the days and weeks ahead. The stock had a swing of over 100% last month near these levels, so we will be interested to watch and see if it can repeat itself.
FOSL, PAGP, BBBY, ACST, MGI, NEPT, SAEX, DF, KOOL
SPDR S&P500 ETF (SPY) – Update
Our fresh options idea to kick off the new trading week yesterday utilizing the SPY started off on a good foot. It’s something we always come back to because of the predictable way it behaves and trades.
We designated the SPY 06/19 $289-290.50 Calls as our contracts of interest, and the markets’ activity played into our hands nicely, for a start. Here were the gains that were made possible on the day yesterday:
$289 Calls – Range: 1.50-2.00 – Max Gain: 33%
$289.50 Calls – Range: 1.24-1.73 – Max Gain: 40%
$290 Calls – Range: 1.00-1.45 – Max Gain: 45%
$290.50 Calls – Range: .80-1.15 – Max Gain: 196%
The SPY is gapping up once again today, and we expect all of these calls to open deep in the money and see new highs. We’re going to continue to monitor these, but also look to roll up and include the $291 and $291.50’s in our watchlist as well.
Robert Half International, Inc. RHI
We’ve got another fresh idea based on the technical setup of the RHI chart, which has been trending up off a double bottom. We see some decent volatility potential, and a topside gap to fill on the chart. This is going to be a longer term idea, which could ultimately turn into a solid recovery play.
We are going to place the RHI 09/20 $55-65 Calls on watch for the weeks and months ahead. RHI most likely wouldn’t even have to fill that gap for us to see results. A run at the 200DMA or even 50DMA would likely produce significant gains in those contracts.
KOOL, AVXL, CLVS, SHIP, NMR, ABEO, TIGR, NBEV, JAGX
Youngevity International Inc. YGYI
We’re coming right back to YGYI for the second straight morning, after the stock once again pushed to new 7-year highs on some of the biggest volume the stock has ever seen.
We slated this play for observation twelve days ago, and its performance across that span has been rather impressive. Our observed low on YGYI of 6.00 has quickly given way to the stock’s new high of 16.20, which represents a gain of 170% in a time frame of less than two weeks.
The stock closed very near to its high of day, and the record volume continues, so with that kind of momentum, we will undoubtedly continue to track its movements as it continues to pierce its way into blue skies.
Fresh Options Ideas
Morgan Stanley MS – In the case of Morgan Stanley, we’re going to come in with an options idea on the heels of the company’s Q3 earnings report. Our target contracts are going to be the MS Weekly $43.50 & $44 Calls.
Ferrari N.V. RACE – Ferrari is simply looking like a technically-sound bottom play at the moment, so we are going to signal some longer term calls here to coincide with a possible upcoming rebound. We’ll radar the RACE 10/26 $120-124 Calls here.
SLS, LCI, SEND, CVE, KOOL, NSPR, FLKS