SPY Puts & More

Options Review

The fresh options ideas in the streaming video space we offered up in yesterday’s premarket report fared well for their first session, making strong moves despite a shaky day for stocks in general.

We had the NFLX Weekly $365-372.50 Calls and the ROKU Weekly $87.50-89 Calls on watch, and each contract in our designated ranges produced gain opportunities of a significant nature. 

NFLX Weekly $365-372.50 Calls
$365: 9.90-20.80 (+110%)
$367.50: 8.91-18.67 (+110%)
$370: 7.49-16.80 (+124%)
$372.50: 6.51-15.05 (+131%)

ROKU Weekly $87.50-89 Calls
$87.50: 4.24-8.19 (+93%)
$88: 3.70-7.15 (+93%)
$88.50: 3.45-6.43 (+86%)
$89: 3.09-6.50 (+110%)
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Fresh Idea:
SPY Weekly $250-248 Puts


Yesterday’s OTC Movers

As we’ve mentioned previously, in times of uncertainty on the big exchanges, it is not unusual to see more opportunities for quick-strike OTC trades. We’ve been including some penny stocks in our daily watchlists, and the big winners from yesterday’s report were Abco Energy, Inc. ABCE and Inspyre Therapeutics, Inc. NSPX, which produced the following chances on the day:

ABCE: .0006-.0015 (+98%)
NSPX: .0192-.0378 (+110%)


Reviewing Winning Ideas, Formulating New Ones

Johnson & Johnson JNJ

We were correct in assuming yesterday would be a good day to put some options trading ideas for Johnson & Johnson on the table. The company is now at the center of the frantic pursuit of a vaccine to eradicate the deadly COVID-19 virus. We expect we will be following its role in this endeavor to completion.

For now, while we have signaled some longer-term options as well, we’re mainly interested in the short term plays we’re tracking and the moves they began to make yesterday. We will include the modest moves made by our September calls, but would expect to have to wait for them to come into play in a more meaningful way.

JNJ Weekly $125-130 Calls
$125:
 5.15-9.81 (+90%)
$126: 4.00-9.00 (+125%)
$127: 4.00-8.00 (+100%)
$128: 2.95-7.37 (+150%)
$129: 2.86-6.65 (+133%)
$130: 2.45-5.96 (+143%)

09/18 $150-155 Calls
$150:
 3.50-5.00 (+43%)
$155: 2.80-3.50 (+25%)


Top Ships, Inc. TOPS 

Our chatroom call from Friday, which we highlighted in yesterday morning’s premarket report, tacked considerable gains onto our observed range after another huge bullish session. It saw a daily run from .36 to a new high of .62, which comes out to an intraday increase of 72%

From the low of .135 that TOPS saw on Friday morning when we offered it to our traders chat participants, yesterday’s new high mark represented a two-day upswing of 359% We’re seeing a significant pullback in the stock this morning, so this run has had it, but we’ll keep an eye skinned as it searches out a bottom, as a another swing to the upside may follow shortly thereafter.

Anyone who enjoys our premarket reports can also join our daily traders chats on Skype. It’s a place to get new ideas and even share some of your own in real-time throughout the course of each trading day. Send a Skype contact request to username “stocksumo” and we’ll see you there! 


Streaming Stocks 

More people are at home streaming content than ever before, and that is going to be true throughout the duration of the coronavirus crisis, which most experts agree will persist until a vaccine is successfully produced, sometime in 2021. Here are a couple of obvious players who stand to maintain solid business through this new dynamic, and some corresponding ideas.

ROKU Weekly $87.50-89 Calls
NFLX $365-372.50 Calls 


Extended Watchlist:
HALB, NSPX, ABCE, BIEI, CYDY, SPHS,

Blue Horseshoe Stocks: JMIA Runner & More

Jumia Technologies JMIA

Our first order of business this morning is to mention the performance of JMIA after we included in yesterday’s premarket report on our extended watchlist.

This relatively new play doesn’t even have an options chain as yet, but the move made by the stock itself, especially for something in this price range, was really impressive. JMIA ran from a low of 33.10 on up to 43.50 during yesterday’s session, marking an impressive intraday rise of 31% As of this morning in the premarket, that high has risen to 50.60, and pushing our observed gain to a super solid 53%


FRESH OPTIONS IDEAS

Netflix, Inc. NFLX – Although the company downplayed its Q2 guidance in yesterday’s post-market release, NFLX still showed strong growth for the quarter, and looks to be in line for a solid finish to this four-day trading week which wraps up tomorrow in advance of Good Friday. Wre will look to possibly take advantage of the NFLX Weekly $365-375 Calls.

PepsiCo, Inc. PEP – Pepsi was among those companies reporting their quarterly earnings this morning in the premarket, and we’d like to formulate an idea there as well after the company posted a Q1 beat on profits and revs. We’re going to track the  PEP Weekly $124-125 Calls into tomorrow’s close.


Extended Watchlist:
QCOM, TXT, CSX, SBGL, TLGT, YUMA, TBLT, ADVM