Facebook, Inc. FB – Recap
One of our fresh options trading ideas from yesterday morning’s premarket report was for the Facebook chain, on the heels of the company’s Q3 earnings and revenue beat.
We were tracking the FB Weekly $190-195 Calls, and all three of those contract sets produced opportunities for traders to get in and out with some very nice gains. Here are the figures on this successful daytrading idea:
$53 Calls – Range: 3.10-5.52 – Max Gain: 78%
$53.50 Calls – Range: 1.75-3.45 – Max Gain: 97%
$54 Calls – Range: .87-1.87 – Max Gain: 115%
Fresh Options Ideas
Here’s what we’re going to be watching as we close out another trading week:
Merit Medical Systems, Inc. MMSI 01/17 $20-30 Calls
Pinterest, Inc. PINS Weekly $21-19.50 Puts*
Alibaba Group Holding Ltd. BABA Weekly $175-180 Calls*
US Steel Corp. X Weekly $12 Calls*
*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds.
Diffusion Pharma, Inc. DFFN – Bottom-Watch
We also want to briefly mention DFFN, a NASDAQ penny stock that may be ready to make a serious rebound off of its recently established lows. The stock is soaring in the premarket, and we will be interested to track its activity as the session opens up.
HCR, FTNT, QRVO, NPTN, AMED, BIMI, BGNE, VISM
Tyson Foods Inc. TSN – Update
We started the week off yesterday by formulating some options ideas for TSN. The company had a mixed earnings call, with a beat on Q3 profits, and a miss on sales. We pointed to the technical setup of the chart as our primary reason for being interested, and as it turns out we called the bottom perfectly.
We came up with a short and longer term set of ideas, and while we may yet come back to the long terms, we are looking at the weekly calls we designated today after some solid performances. Those were the TSN Weekly $58-59.50 Calls, and all but the $58’s produced double-bag gains on the session.
$58.50 Calls – Range: .90-2.25 – Max Gain: 150%
$59 Calls – Range: .80-1.68 – Max Gain: 110%
$59.50 Calls – Range: .75-1.50 – Max Gain: 100%
Fresh Options Ideas
Our success with options over the past several weeks has been so pronounced, we see absolutely no reason to stop now, especially being in the thick of another earnings season. We’ve got another pair of earning related options ideas to bring to the table today.
Etsy, Inc. ETSY Weekly $40-50 Calls
Zillow Group, Inc. Z Weekly $48-49 Calls
TIS, NPTN, RNG, ACRX, MNK, EKSO, VCEL, TWLO
Turtle Beach Corp. HEAR
We were very pleased with HEAR on Friday, mentioning the incredible 400% move the stock had made since our initial alert on April 9th, from a low of 2.76 to 13.88.
As it happened, the stock wasn’t done impressing us yet. HEAR made an excellent run on Friday from a daily low of 10.60 to its new high of 18.62. That’s an intraday move of 76%, and an enormous 575% increase over our observed low from last month.
Symantec, Inc. SYMC
We are always on the lookout for potential bottom plays, and Symantec is going to go on our watchlist as such a candidate as we kick off a new trading week.
A sweeping round of analyst downgrades from Piper Jaffray and others, effected a massive selloff in SYMC, and we’re already seeing a start to a rebound this morning with the stock gapping up roughly 5% in the premarket.
We’re going to keep an eye on SYMC Weekly $19.50-21.50 Calls as well, in the event that the stock continues to rebound.
HUYA, MYO, ISR, NPTN, SEGI, NXPI, REGI, LITE, HTBX