Options Updates, Fresh Plays

Options Updates:

We’re going to circle back today to highlight the performances of the options ideas we alerted on Friday morning. We selected the PRGS 07/17 $40 Calls as well as the SNX 07/17 $115-120 Calls.

In both cases, we have seen some solid moves, and with more than two weeks remaining until expiration, we’ll certainly continue to monitor their progress. Here were the figures they posted yesterday: 

PRGS 07/17 $40 Calls
$40:
 .20-.80 (+400%)
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SNX 07/17 $115-120 Calls
$115:
 4.64-9.50 (+180%)
$120: 2.74-7.50 (+214%)

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Fresh Ideas:
MU 07/02 $50-51.50 Calls
CAG 07/02 $33.50-34.50 Calls


Ideanomics, Inc. IDEX

Yesterday morning we suggested that our readers give their attention to IDEX in sessions to come, and we got some modest yet notable first day results.

The stock traded up from a low of 1.65 and hit 2.30 on the day, marking an intraday swing of 39%  It managed to maintain well over half of its advances, closing with strength at 2.09. This interests us more than enough to continue tracking its progress.

The company provided an update on its large electric vehicle order in a fresh PR this morning (>> Read PR)


Extended Watchlist:
CYDY, TPTW, PMCB, GOVX, PVDG,

Closing Out a Hugely Successful Trading Week

More New Highs for Options Ideas 

We continued tracking the options ideas that we reported on yesterday morning, as the markets ripped once again and new highs were set all the way across the board.

We had signaled each of the following ideas in Wednesday’s report, so the following updated figures represent the total ranges and possible gains over just the past two sessions:

SPY Weekly $240-245 Calls
$240: 7.31-22.76 (+211%)
$241: 6.92-21.59 (+212%)
$242: 6.27-20.86 (+233%)
$242.50: 6.20-19.47 (+214%)
$243: 5.90-20.00(+240%)
$244: 5.39-18.19 (+238%)
$245: 4.92-18.04 (+267%)
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WGO 04/17 $25-30 Calls
$25: 2.50-9.00 (+260%)
$30: 1.13-5.40 (+379%)
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NKE Weekly $78-81 Calls
$78:
 2.17-9.20 (+324%)
$79: 1.98-7.78 (+292%)
$80: 1.43-7.09 (+396%)
$81: 1.23-6.25 (+408%)


More Options Recaps:

Moving right along, we also offered readers three new ideas for yesterday morning as well. We mad calls in the MU, BA, and ZM chains, and every single one of those came back a multi-bag winner as well.

MU Weekly $42.50-45 Calls
$42.50:
 1.86-3.50 (+88%)
$43: 1.56-3.00 (+92%)
$43.50: 1.32-2.50 (+89%)
$44: 1.05-2.28 (+117%)
$45: .66-1.59 (+141%)
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BA Weekly $165-172.50 Calls
$165: 12.00-25.00 (+108%)
$167.50: 10.55-22.00 (+109%)
$170: 9.05-21.31 (+135%)
$172.50: 7.95-19.50 (+145%)

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ZM Weekly $140-145 Calls
$140: 5.20-9.40 (+81%)
$145: 3.40-6.42 (+89%) 


Fresh Options Ideas: 
SPY Weekly $255-253 Puts
TLRY Weekly $8-9 Calls
KBH Weekly $19-20 Calls 


*Trading weekly options on a Friday is incredibly risky and should never be attempted by beginning or intermediate level traders! 


Stacking Up the Options Trading Wins

Big-Time Options Winners

We placed three separate sets of options ideas on watch for our readers in yesterday morning’s premarket report in the SPY, WGO, and NKE chains. Thanks to a solid run out of the markets for the vast majority of the day up until just prior to the close, we saw incredible gains out of each and every contract we selected.

We continue to push through the uncertainty of the coronavirus pandemic, even as the market has been on a near-daily see-saw battle with itself. The dynamic has provided for a ton of volatility, which is of course a short-term trader’s dream, and what we thrive on. In total, we had a baker’s dozen of contracts on watch, and all thirteen recorded multibag swings on the day:

SPY Weekly $240-245 Calls
$240: 7.31-18.68 (+156%)
$241: 6.92-17.77 (+157%)
$242: 6.27-16.84 (+172%)
$242.50: 6.20-16.47 (+166%)
$243: 5.90-15.80 (+168%)
$244: 5.39-15.21 (+182%)
$245: 4.92-14.75 (+200%)
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WGO 04/17 $25-30 Calls
$25: 2.50-8.70 (+248%)
$30: 1.13-4.00 (+254%)
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NKE Weekly $78-81 Calls
$78:
 2.17-6.05 (+179%)
$79: 1.98-5.05 (+155%)
$80: 1.43-4.72 (+230%)
$81: 1.23-4.10 (+233%)
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Fresh Options Ideas: 
MU Weekly $42.50-45 Calls
BA Weekly $165-172.50 Calls
ZM Weekly $140-145 Calls