Earnings Plays, OTC Recap & More

AutoNation, Inc. AN
& Moderna, Inc. MRNA – Options Review:

As we begin to head into the heart of another earnings season we’re likely to stay on top of several sets of options ideas at a time, so strap in, and try to keep up! We started off yesterday morning with an earnings idea for AutoNation , the AN 08/20 $100-105 Calls, after the company obliterated expectations on the street.

Here are the single-session gains registered by those plays, despite another lackluster session for the general markets:

AN 08/20 $100-105 Calls
$100: 3.30-7.50 (+127%)
$105: 2.05-4.78 (+133%)
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MRNA’s Impressive breakout continued yesterday following our premarket update on the longer-term options ideas we have been tracking there. The stock’s biggest intraday surge yet carried our targets of interest, the MRNA 08/20 $195-210 Calls, to the following new highs. These ranges represent the total moves we observed since formulating the idea in our report on the morning of June 21st:

MRNA 08/20 $195-210 Calls
$195: 23.50-119.32 (+408%)
$200: 18.00-114.75 (+538%)
$210: 13.55-106.76 (+688%)

Fresh Post-Earnings Options Ideas:
HAL Weekly $19-20 Calls
IBM Weekly $140-142 Calls

Drone Guarder, Inc. DRNG – Recap:

We also want to provide a quick update on the activity in DRNG, which we’ve been tracking since Thursday morning, at which time we observed a low of .0031 and a run to .0098 (+216%). We’ve since seen a dip back to .0032, and subsequent run to ,0075, which amounts to an additional 134% swing.

With this type of price action and volatility we’ll be interested in continuing to track the movements in DRNG.

Extended Watchlist:
IMNM, MDWD, SPCB, NRBO, ENZ, NSAV, KAVl, CYBL, PRDL, GTEH, HPMM, LTUS, SMEV

A New Earnings Season Commences

Moderna Inc. MRNA – Options Runners:

We closed out the week on Friday morning by highlighting the nice moves made by the August contracts we’ve been tracking since June 21st, the MRNA 08/20 $195-210 Calls. Additionally, we included some fresh weekly targets in the MRNA Weekly $265-$280 Calls.

Despite a rather poor day for the markets in general, Moderna continued to add impressively to its recent bullish surge. The stock has been in a general upward trend for the entire year, but that really kicked into overdrive over the past week.

Here are the new highs and total increases posted by our August calls, as well as the intraday ranges and total possible gains on the weeklies. Very impressive figures across the board:

MRNA 08/20 $195-210 Calls
$195: 23.50-93.23 (+297%)
$200: 18.00-88.85 (+394%)
$210: 13.55-78.66 (+480%)
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MRNA Weekly $265-$280 Calls
$195: 9.30-24.00 (+158%)
$200: 6.05-19.05 (+214%)
$210: 3.50-13.97 (+299%)
$195: 1.27-9.95 (+683%)

Fresh Options Ideas:

Just a reminder, another earnings season is going to heat up quickly with hundreds of companies slated to report this week, hundreds more next week, and so on. The remainder of July and much of August should yield a wealth of opportunities in that department.

This morning we’re going to be looking at a potential post-earnings play in Auto Nation and a chart play idea for Airbnb:

AN 08/20 $100-105 Calls
ABNB 09/17 $135-145 Calls

Extended Watchlist:
CYTK, NRXP, OXBR, AEHR, HIRU, LTNC, WOGI, SBES, NSAV, TXTM, KATX, CHNC

Tough Sledding for the Market, Related Ideas

The Home Depot, Inc. HD – Recap:

From our list of options ideas we were tracking yesterday, Home Depot was the primary trend-bucker of the day, as the markets in general had a tumultuous session, and appear to be headed for more of the same.

We were targeting the HD Weekly $322.50-327.50 Calls and they produced significant intraday gain opportunities shortly following the opening bell. Those trading ranges and potential profits were as follows:

HD Weekly $322.50-327.50 Calls
$322.50: 2.03-5.00 (+146%)
$325: 1.33-3.70 (+178%)
$327.50: .67-2.08 (+210%)
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Fresh Options Ideas:
LOW Weekly $192.50-187.50 Puts
SPY 05/19 $409-407 Puts*
TGT Weekly $215-210 Puts

*Please remember that trading options on their day of expiration should only be attempted by advanced level traders with access to disposable funds!

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Extended Watchlist:
GGII, INC, VPER, RETC, RSHN, NSAV, BEHL