WW International, Inc. WW – Options Update
First thing’s first this morning, we’re circling back to report new highs on the options ideas we formulated for the Weight Watchers chain earlier in the week. On Monday morning, we signaled interest in the WW Weekly $39.50-40.50 Calls and have seen some solid moves over the course of the week so far.
Here are the updated figures on the total possible gains in these ideas:
WW Weekly $39.50-40.50 Calls
$39.50 Calls – Range: .35-.1.20 – Max Gain: 243%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .18-.65 – Max Gain: 261%
More Winning Ideas:
We also had a number of fresh ideas in yesterday’s report, and here were the instant winners out of that group:
GIS 01/17 $55 Calls
$55 Calls – Range: .10-.28 – Max Gain: 180%
FDX Weekly $155-150 Puts
$155 Puts – Range: 3.95-8.75 – Max Gain: 122%
$152.50 Puts – Range: 2.64-6.24 – Max Gain: 136%
$150 Puts – Range: 1.65-4.09 – Max Gain: 148%
Fresh Options Ideas:
RAD Weekly $9.50-10.50 Calls
DRI Weekly $115-110 Puts
VTGN, TOPS, PT, OBSV, TLRA, KOPN, CTXR, RUBI, XBIO, NAKD
We formulated a fresh idea yesterday morning for the PEP options chain and found some instant success there. We also want to track back to an idea we hashed out for ROKU a couple of weeks ago, on the morning of Sept. 23rd, and the performance it has recorded since then.
PepsiCo, Inc. PEP Weekly $134-136 Calls
$134 Calls – Range: 2.92-5.75 – Max Gain: 97%
$135 Calls – Range: 2.10-4.60 – Max Gain: 119%
$136 Calls – Range: 1.38-3.85 – Max Gain: 107%
ROKU 11/01 $115-118 Calls
$115 Calls – Range: 3.00-5.81 – Max Gain: 94%
$116 Calls – Range: 3.60-5.15 – Max Gain: 43%
$117 Calls – Range: 2.82-4.90 – Max Gain: 74%
$118 Calls – Range: 2.50-4.06 – Max Gain: 62%
Fresh Options Idea:
SDPR S&P500 (ETF) SPY Weekly $289-291 Calls
Ocugen, Inc. OCGN
We also want to designate OCGN as a bottom-watch play this morning. The stock recently became NASDAQ-trading after a merger with Histogenics, and the PPS fell off a cliff.
OCGN is currently hanging around just above the two dollar level here in the premarket, and we will be tracking its movements over the next few sessions to see if it can pick up some steam as a bottom-bouncer.
We released a Special Report on CBNT (Click here to view) Wednesday morning, and the stock made a solid 30% move up yesterday. We’re going to continue tracking this nanotech play. Stay tuned for updates.
BHGE, SRPT, PHUN, AVYA, RNG, NAKD, SONO, YUMA
AutoDesk Inc. ADSK
With things looking choppy for the markets this morning, we are going to turn to a bearish idea for ADSK despite the company’s beat on Q2 earnings yesterday after market hours. The stock began to crumble under the weight of ADSK’s weak Q3 guidance. The poor outlook given, combined with the flow of market tides, could be just the thing for bearish options contracts, namely the ADSK Weekly $135-132 Puts.
There are those of the belief that ADSK stock was already valued too high leading into yesterday’s report, which is why we feel confident choosing to go short at the present time.
TIF Weekly $82-79 Puts
The Buckle, Inc. BKE – Update
We would also like to update readers on another recent idea we floated. On Friday morning, we selected the BKE 09/20 $17.50-20 Calls for a longer-term options idea, and already it has borne fruit just a few sessions later.
The $17.50 Calls have run from a low of .95 and reached 2.31, marking a gain of 143% Meanwhile the $20’s have soared by an even higher margin, trading in a range from .20 up to .72, which works out to a 260% run.
LCI, VTGN, OBLN, TGE, NAKD, USLV, WTER, COTY,