In our initial report on SGSI, one of the things we commented on liking most about SGSI is the rapidity with which the company has been pulling down new clients and growing its business in 2018. This morning, we’re going to start things off by relaying a new PR to that effect on to our readers.
(GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, today announces that it has received over $500,000 in new contract awards to support carrier network upgrades across the United States. (>>View Full PR)
Did you miss our special report on SGSI last Monday? Check it out now at the following link:
Those readers who are familiar with our mode of operation know that a good post-earnings options play is something we’re always on the lookout for, and we’ve got a couple of those for you this morning. It has been a crowded 24-hours of earnings releases and the two that are sticking out to us this morning are Dick’s Sporting Goods (Bull) and Tiffany’s (Bear).
We’ll submit a set of ideas for each of these chains to track into the end of the week:
We’ve been tracking SGSI closely, and wanted to highlight the news the company issued on Friday morning pertaining to an appearance at an upcoming high profile conference. We also have a video presentation of the current SGSI chart that we strongly suggest our readers take the time to view.
Spectrum Global Solutions, Inc. (OTCMKT: SGSI), a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean, today announced that it will be presenting at the 11th annual LD Micro Main Event. (>>View Full PR)
Did you miss our special report on SGSI last Monday? It’s not too late to check that out and learn why we’re excited to be covering this fast growing company!
It’s been just under two weeks since we alerted readers that we were interested in the CGC 09/21 $30-40 Calls. This was as a direct result of beverage behemoth Constellation Brands’ (STZ) adding a multi-billion dollar block to its stake in CGC.
CGC shares themselves have risen 66% over the same period, from a low of 29.05 to yesterday’s new high of 48.19.
What this continued bullish surge has done for our options ideas has been nothing short of eye-popping. The update ranges and total possible gains so far are as follows:
$30 Calls – Range: 1.76-18.20 – Max Gain: 934% $35 Calls – Range: .56-13.90 – Max Gain: 2382% $40 Calls – Range: .16-8.75 – Max Gain: 5369%
The $40′s especially have obliterated our wildest expectations. A paltry $16 investment on a single $40 Call contract at the lows, would have been been worth roughly $859 at the highs!
As you can very plainly see, options are where the biggest potential profits lie, so we will of course be offering up a couple of fresh ideas this morning.
Both TIF and DSW are coming off of good receptions in the wake of their quarterly earnings reports today. We’ll take that into account and keep the following plays on watch:
After having recently enjoyed a long string of successes with our options ideas stretching back several weeks now, we attempted to keep the party going with the HAS Weekly $102-105 Calls to kick off the week yesterday.
Once again, we rolled the hard six, and came through with another great set of ideas. Each of the contracts in our selected range provided traders with the chance at multi-bag gains on the day.
$102 Calls – Range: 2.00-5.60 – Max Gain: 180% $103 Calls – Range: 1.50-4.95 – Max Gain: 230% $104 Calls – Range: 1.10-4.27 – Max Gain: 288% $105 Calls – Range: .89-3.23 – Max Gain: 263%
A Roundup of Fresh Ideas
We’re going to keep things going on the options front, and in fact, turn it up a notch today with a quintet of options ideas as we head through this heavy patch of earnings reports.
After a huge earnings beat yesterday morning, we mentioned that we’d be monitoring the CAT Weekly $157.50-162.50 Calls to take advantage of the big boost in activity.
We did end up seeing some very nice moves from those contracts early on, before the market took a dive and took Caterpillar with it. The gains that were on the table in the morning prior to that dip were as follows:
After the stock’s course correction, we’re going to dip back into the pool and slate the Weekly $143-145 Calls for observation as we head through this midweek.
Fresh Options Idea:
Chicago Bridge & Iron Co. CBI – We like the current setup of the CBI chart so we’re going to be tracking some options ideas there as well, with the CBI 05/18 $15-16 Calls.
Marathon Patent Group, Inc. MARA
We want to circle back around for an update on MARA this morning, after what has been a fruitful month for the stock. We last signaled this play on March 28th, and shortly thereafter witnessed a low of .92.
In the three weeks that followed we have seen some very nice, steady increases from MARA, with its new highs being registered at 1.94 yesterday. That marks an intra-month run of 111%