SPY Calls Roll:
Up until yesterday morning, it had actually been quite some time since we had last formulated a daily trading idea for the SPY, which historically has been one of our most common targets. Despite an up-and-down session for the markets, we did observe some very nice gain opportunities in our targeted contracts.
We were looking at the SPY 09/13 $446-448 Calls due to a relative dry spell of earnings reporters that will persist for the next several weeks. It turned out to be a solid choice, with our designated range yielding three out of three multi-baggers, including two sets that ran well over a thousand percent!
Here are the total moves and possible profits provided by our selections on the day:
SPY 09/13 $446-448 Calls*
$446: .05-.99 (+1880%)
$447: .01-.16 (+1500%)
$448: .17-.44 (+159%)
We’ll stick with the same SPY targets but for tomorrow’s expiration, following better than expected Consumer Price Index (CPI) figures dropped this morning.
Fresh Options Ideas:
SPY 09/15 $446-448 Calls
ORCL Weekly $87-85.50 Puts
B 10/15 $35-45 Calls
DSGT, HRAA, UPIN, INCC, IGEN, BSTK, LIFE, NNVC, JCS
Nutanix, Inc. NTNX
We began highlighting NTNX just a week ago in our report from the morning of March 12th. On that day the stock saw a low of 35.20, as we signaled the NTNX 05/19 $40-42.50 Calls for longer-term observation.
We wanted to provide an update on both the stock and our options targets this morning, as NTNX has produced a very solid and steady uptrend since the morning of our initial alert. Yesterday, NTNX ran to a new high of 42.21. That marked a 1-week increase of 20% and it allowed for some nice moves in our highlighted contracts.
The $40 Calls have thus far traded in a range from 1.96 to 4.20 for a gain of 114% while the $42.50’s ran from 1.21-2.85, an increase of 136% NTNX is only halfway to filling the topside gap on itas chart, and there’s plenty of time remaining until expiration. We’ll be interested to see if the stock can pile on even more gains.
Fresh Options Ideas:
Conagra Brands, Inc. CAG 04/18 $24-26 Calls
Williams Sonoma, Inc. WSM 04/18 $57.50-60 Calls
Darden Restaurants,Inc DRI 04/18 $115 Calls
BIOS, MTP, UBX, MBT, LIFE, UAVS, AXSM, DF, INAP
Jack in the Box, Inc. JACK – Update
As a fresh options trading idea on Friday morning, we submitted the Jack 07/20 $80-90 Calls for observation after noticing the company’s solid earnings report and premarket gap-up. Although we passed over the weeklies for the July 20th calls for a bit more of an extended idea, it took no time at all for those contracts to see significant appreciation.
We’re pleased to say that each of the three selected targets produced respectable single-session moves, and will remain on our radar moving forward. Those potential gains were as follows: ,
$80 Calls – Range: 3.70-5.78 – Max Gain: 56%
$85 Calls – Range: 1.42-2.58 – Max Gain: 82%
$90 Calls – Range: .50-.80 – Max Gain: 60%
aTyr Pharma, Inc. LIFE
We noticed that LIFE woke from a slumber late last week, and began to trend off of its annual lows. We’re going to put it on the radar as a potential recovery play. As you can see, the stock was ridiculously oversold heading into last week, following a massive beating from roughly a month ago.
We believe there is a fair chance that the stock could return to the levels from prior to that backslide, which would spell significant gains from the current PPS.
AQMS, SRE, SNES, CODX, GNW, BIOC, TEUM, PTC