*As always when we signal options expiring the same day of our report, we must insist that you NOT attempt any of these trades unless you are an advanced level trader with access to disposable funds!
Qudian, Inc. QD
We’re looking at a potential bottom-play in QD as we kick off the week also, which as you can see on the following snapshot, has a ripening chart at the moment. The company reported earnings this morning, which beat expectations, while revenues fell slightly short.
The stock could be setting up for another run at the $7.00 range or better, so we’re going to begin monitoring QD in upcoming sessions.
Things move pretty fast around here, but we do our best to keep up with tracking on all of the stocks we mention in our daily reports. In certain cases, we see slow buildup, and in others we see a quick rocket to new highs, but in the case of RIOT, we actually got both.
After we highlighted our interest in RIOT roughly two months ago on December 19th, it had been on a rather steady climb, until Friday when the lid blew off the top. Our observed low subsequent to our mention of the stock was 1.29, and Friday’s new high came in at 4.24. That’s a gain of 229% in a span of just eight weeks!
Bristow Group, Inc. BRS
We also wanted to quickly highlight a bottom-bouncer with some real potential to the upside. We ran across BRS this morning, noticing that it had just produced some activity off of a relative bottom.
There is a gap to fill on thwe chart and room to run for some potentially solid gains, so we’ll be keeping an eye peeled for that as we kick off a fresh trading week.
In our initial report on SGSI, one of the things we commented on liking most about SGSI is the rapidity with which the company has been pulling down new clients and growing its business in 2018. This morning, we’re going to start things off by relaying a new PR to that effect on to our readers.
(GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, today announces that it has received over $500,000 in new contract awards to support carrier network upgrades across the United States. (>>View Full PR)
Did you miss our special report on SGSI last Monday? Check it out now at the following link:
Those readers who are familiar with our mode of operation know that a good post-earnings options play is something we’re always on the lookout for, and we’ve got a couple of those for you this morning. It has been a crowded 24-hours of earnings releases and the two that are sticking out to us this morning are Dick’s Sporting Goods (Bull) and Tiffany’s (Bear).
We’ll submit a set of ideas for each of these chains to track into the end of the week:
We were banking on a market reversal yesterday in tandem with good performances from a couple earnings plays that we formulated some options ideas for, and got everything we wanted.
Both of the plays were in the tech sector, which turned out to see some of the highest incidences of recovery, and it facilitated some very nice gain opportunities for anyone who was paying attention to our ideas.
Despite the appearance of yet another reversal and possibly another down day, we are quite pleased with the double-bag, single-session gains afforded to us by these two tech stocks.
TSLA Weekly $310-317.50 Calls
$275 Calls – Range: 3.73-8.81- Max Gain: 136% $275.50 Calls – Range: 3.10-7.35 – Max Gain: 137% $276 Calls – Range: 2.41-6.21- Max Gain: 158% $276.50 Calls – Range: 2.05-5.04 – Max Gain: 146%
MSFT Weekly $104-107 Calls
$275 Calls – Range: 2.10-5.40- Max Gain: 157% $276 Calls – Range: 2.12-4.45- Max Gain: 110% $276 Calls – Range: 1.58-3.58 – Max Gain: 127% $277 Calls – Range: 1.10-2.75- Max Gain: 150%
We also had a fresh idea on Wednesday morning with The Boeing Co. BA Weekly $357.50-367.50 Calls and the surge in the markets yesterday also allowed those contracts to get legs and make some very respectable moves:
$275 Calls – Range: 4.00-7.70- Max Gain: 93% $275.50 Calls – Range: 2.60-6.00 – Max Gain: 131% $276 Calls – Range: 1.85-4.32- Max Gain: 134% $276.50 Calls – Range: 1.15-2.90 – Max Gain: 152% $277 Calls – Range: .77-1.85- Max Gain: 140%
INTC Weekly $44-45.50 Calls*
*NEVER trade weekly options on a Friday unless you’re an expert level trader with disposable funds!
We’re coming right back to YGYI for the second straight morning, after the stock once again pushed to new 7-year highs on some of the biggest volume the stock has ever seen.
We slated this play for observation twelve days ago, and its performance across that span has been rather impressive. Our observed low on YGYI of 6.00 has quickly given way to the stock’s new high of 16.20, which represents a gain of 170% in a time frame of less than two weeks.
The stock closed very near to its high of day, and the record volume continues, so with that kind of momentum, we will undoubtedly continue to track its movements as it continues to pierce its way into blue skies.
Fresh Options Ideas
Morgan Stanley MS – In the case of Morgan Stanley, we’re going to come in with an options idea on the heels of the company’s Q3 earnings report. Our target contracts are going to be the MS Weekly $43.50 & $44 Calls.
Ferrari N.V. RACE – Ferrari is simply looking like a technically-sound bottom play at the moment, so we are going to signal some longer term calls here to coincide with a possible upcoming rebound. We’ll radar the RACE 10/26 $120-124 Calls here.