Fresh for our premarket report yesterday morning was a set of short-to-intermediate term options ideas for the GWPH chain, the 03/15 $165-175 Calls.
We’re happy to report that the first day monitoring those plays yielded some solid gain opportunities for savvy traders. We’ll be sure to continue tracking, but for now the single-session gains it produced were as follows:
$165 Calls – Range: 7.40-14.30- – Max Gain: 93% $170 Calls – Range: 5.80-11.80 – Max Gain: 103% $175 Calls – Range: 2.50-9.54 – Max Gain: 281%
Etsy, Inc. ETSY – Recap
Tuesday morning, we announced our interest in the ETSY 03/15 $60-65 Calls, and while we saw some good gains out of it that day, we did mention yesterday morning that we would continue to track these ideas.
It was a good thing we reserved that space on our watch screen too, because ETSY followed up on its bullish Tuesday performance, with another solid upswing for Wednesday. The following figures are the overall increases from our observed lows in these contracts from Tuesday, to yesterday’s new highs.
$60 Calls – Range: 6.39-12.30 – Max Gain: 94% $65 Calls – Range: 3.49-7.81 – Max Gain: 124%
Lowes Companies, Inc. LOW
We also had the LOW Weekly $108-110 Calls on watch from yesterday morning‘s report and those fared quite well also.
$108 Calls – Range: .30-1.01 – Max Gain: 237% $109 Calls – Range: .21-.50 – Max Gain: 138% $110 Calls – Range: .08-.28 – Max Gain: 312%
Yesterday morning, we floated a couple of fresh options ideas, as we have become accustomed to doing, and ETSY was one of those ideas. We signaled our interest in the ETSY 03/15 $60-65 Calls, and while they didn’t exactly set the world on fire, we did see some very nice first-day gain opportunities from that idea.
The $60 Calls traded in a range from 6.39-10.20 on the day, marking a move of 60% The $65′s fared marginally better, putting up a run from 3.49 to 6.42, which marked a rise of 84% Those were some modest, yet very respectable single-session rips, and with nearly three weeks remaining before they expire, we’ll go ahead and keep these plays on our radar going forward.
The first thing we want to do this morning is to go over the performance of SGSI following our detailed report published in the premarket. If you didn’t catch it, we urge you to read it over now (>>View Report).
Aside from going over some of the attractive features of the company, we indicated that the stock had reached a double-bottom area of support, and the activity unfolded as a classic bottom bounce play, complete with some excellent volatility. The stock traded from a low of .265 and hit a daily high of .45. That’s a 70% intraday swing which came on more than four times the monthly average volume.
We’ll be very interested to continue tracking this play in the days and weeks ahead. We’ll look for it to establish higher highs and higher lows, and potentially make a run at the current 50DMA of .6275.
We’ve also got a pair of post-earnings options ideas to add into the mix this morning.
Campbell Soup Co. CPB – Campbell’s beat on earnings even as quarterly profit slid by nearly a third. Along with the help of solid guidance, the stock is up in the premarket. We’ll be tracking the CPB Weekly $38.50-40.50 Calls.
Lowes Companies, Inc. LOW - Lowes had a mixed release as well, but looks bearish even after its own earnings beat, and the news that the company would pull back Mexico operations to focus more on the US Market. At the present time, we’re looking at the LOW Weekly $87-85 Puts.
Late last week, we selected a few contracts in the Facebook and Twitter options chains for longer-term ideas. The FB 10/12 $182.50-190 Calls, and the TWTR 10/12 $35 & 37.50 Calls. While they haven’t blown their lids quite yet, we wanted to reiterate our interest in tracking these over a longer time period.
The somewhat nominal gains achieved so far are as follows: FB 10/12 $182.50′s: .53-.80 (+51%) | $185′s: 40-.54 (+35%) TWTR 10/12 $35′s: .33-.52 (+56%) | $37.50′s: .28-.40 (43%)
We’ll continue to track these ranges, as there is still plenty of time for them to begin realizing their full potential. What we’ve seen to this point may be just the beginning.
To add to our social media related options ideas, we also see SNAP coming off of a recent bottom, and will signal the SNAP 10/05 $9 & 9.50 Calls for observation as the stock attempts to mount a recovery of recent losses.
With a major category-4 hurricane currently inbound for the Carolina coastline this week, we’re also going to highlight some plays in Home Depot and Lowes Home Improvement, which tend to see surges in the wake of storms big enough to require extensive cleanup and repairs. According to all predictive models, Hurricane Florence definitely fits that bill.
TJX found its way to our premarket report yesterday morning,after the company posted a solid quarterly release.
To coincide with the activity we were observing, we slated a range of options ideas to keep track of, the TJX 06/15 $85-90 Calls. We are pleased to report that there were some nice gains available to traders before noon.
$85 Calls – Range: 2.14-3.90 – Max Gain: 214% $87.50 Calls – Range: .90-2.50 – Max Gain: 178% $90 Calls – Range: .35-1.10 – Max Gain: 214%
Each of the following have been picks we’ve included in our daily reports from roughly the last month or so. We have included our alert date, observed lows, and subsequent highs along with the total possible gains that were on the table.
ARQL (04/18) 2.40-4.20, +75%
SDR (05/18) 1.26-1.74, +38%
HTBX (05/14) 1.35-2.00, +48%