Tag: MNGG

Retail Earnings Opportunities

Cracker Barrel Old Country Store, Inc. CBRL – Recap: 

This morning we’re updating readers on the fresh options idea from yesterday. Just to give a heads up, this idea appeared in our report yesterday as Weekly calls, which was in error. The next expiration date on any existing CBRL options is June 18th, so we’re talking about the CBRL 06/18 $155-165 Calls.

Those fared quite well on the day despite three weeks remaining until their expiry. Here are the intraday gains they recorded:

CBRL 06/18 $155-165 Calls 
$155: 4.40-6.68 (+52%)
$160: 2.45-4.40 (+80%)
$165: 1.25-2.40 (+92%)

Based on premarket activity this morning, it appears as if CBRL may be preparing to gap up, and as a result we may see further advances in these contract sets. We’re going to want to continue to monitor their activity into June 18th.

Fresh Options Ideas:

Despite a general decrease in the number of daily earnings reporters, we’ve got a fair few retail giants dropping figures this morning, and we’ll venture a target for the SPY as well.

URBN Weekly $37-39 Calls
ANF Weekly $39-40.50 Calls
DKS Weekly $88-91 Calls 
SPY 05/26 $418-420 Calls 

Extended Watchlist:
AAPT, SBFM, UPIN, BRYYF, GEGP, CYBL, MNGG, MDCN, XREG

More Bearish Options Plays

Options Review:

The markets slid once again to start yesterday’s session as we suspected they may, and despite recovering into the close, we had plenty of time and opportunity to profit off of the bearish slate of options ideas we put forth in our premarket report.

Our target plays that produced in the session were the SPY 05/19 $409-407 Puts and the LOW Weekly $192.50-187.50 Puts. We saw some good afternoon activity with the following intraday runs:

SPY 05/19 $409-407 Puts
$409: .33-1.70 (+415%)
$408: .13-1.05 (+707%)
$407: .07-.60 (+757%)
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LOW Weekly $192.50-187.50 Puts
$192.50: 3.30-6.65 (+102%)
$190: 2.08-4.62 (+122%)
$187.50: 1.22-3.06 (+151%)
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Fresh Options Ideas:
KSS Weekly $58-56.50 Puts
RL Weekly $130-125 Puts
CSCO Weekly $50.50-49 Puts 

International Consolidated Companies, Inc. INCC – Recap

We also want to talk about INCC for a moment, following its big run to new highs. We’ve been tracking this play since the morning of April 6th, and it has made some impressive swings.

Following our flag last month the stock ran 100% from .0018-.0036, and subsequently consolidated back down to .0017 before hitting its new high of .0061 yesterday, which represents an upswing of 259%  We’ll be looking for it to hold .0037, above the previous swing high on any pullbacks.

Extended Watchlist:
DSCR, SEEK, UATG, BYRG, FWDG, AERS, MNGG, QBAN, XTRM, RSHN

Big Name Earnings Plays & More

PureCycle Technologies Inc. PCT – Update:

We entered a longer-term recovery idea for the PCT options chain in yesterday morning’s premarket report on a purely technical basis, and it provided instant results.

It was exhibiting most of the classic signals we look for in a potential rebound play. Coming off of recently established lows, a MACD converging toward a bullish cross, a heavily oversold yet rapidly strengthening RSI, and a massive gap on the chart to the upside.  You can see all of these indicators on the chart snapshot below.

We’ll continue to look for signs that PCT may continue the current trend off of last week’s lows which represented the lowest PPS for the stock in roughly 7 months. Here are the intraday gains made by our targeted options contract sets yesterday:

PCT 08/20 $15-17.50 Calls
$15: 1.88-2.80 (+49%)
$17.50: 1.25-2.10 (+68%)
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Fresh Options Ideas:
BIDU Weekly $192.50-197.50 Calls
WMT Weekly $142-145 Calls
HD Weekly $322.50-327.50 Calls 

Nutranomics, Inc. NNRX – Recap:

We flagged NNRX in yesterday morning’s extended watchlist, which most often contains the majority of the OTC stocks we’re tracking on any given day, and the stock did end up putting forth a solid intraday performance.

It ran from a low of .0014 and went as high as .0033, which marks a daily push of 136%, and it occurred on volume of over three times the 30-day moving average.

Extended Watchlist:
APYP, MNGG, RGBP, BYRG, RETC, VMCS, ZONX, WRFX, EEGI