As we head into the Thanksgiving break with exactly one and a half trading sessions remaining for the whole week, we wanted to first update our readers on the excellent fresh options ideas we put forth in yesterday morning’s premarket report.
We went bearish on Dollar Tree and bullish on Nutanix, and big intraday gain opportunities presented themselves across the board, in every set of contracts in our designated tracking ranges.
Cheers to any of our readers who were able to take advantage of the alert and snag some of these solid gains on the day:
Dollar Tree, Inc. DLTR Weekly $99-96 Puts $99 Puts – Range: 2.64-5.30– Max Gain: 101% $98.50 Puts – Range: 3.37-5.70 – Max Gain: 69% $98 Puts – Range: 2.38-5.05– Max Gain: 112% $97 Puts – Range: 1.40-3.81 – Max Gain: 172% $96 Puts – Range: .70-3.01– Max Gain: 330% _____
Nutanix, Inc. NTNX $33.50-35 Calls $33.50 Calls – Range: .40-.98 – Max Gain: 145% $34 Calls – Range: .20-.65 – Max Gain: 225% $34.50 Calls – Range: .15-.40 – Max Gain: 167% $35 Calls – Range: .10-.30 – Max Gain: 200%
Today we want to come back to update on the progress of a longer-term options idea we formulated a couple of weeks ago on the 11th. We mentioned that we were interested in tracking the ANAB 01/17 $10-15 Calls, and it has turned out to be an excellent idea.
The stock itself has continually ramped its way up , filling some of the topside gap on the chart, trading from a low of 10.08 on the morning of our initial alert, to a new high of 13.33 yesterday. That’s an increase of 32% on the stock alone, with the observed gains in our highlighted options making much more significant moves:
$10 Calls – Range: 1.50-3.20 – Max Gain: 113% $12.50 Calls – Range: .50-1.50 – Max Gain: 200% $15 Calls – Range: .23-.55 – Max Gain: 139%
As you can see on the following chart snapshot, indicators are strongly suggesting that ANAB should continue to make progress in filling the immense gap.
Fresh Options Ideas:
We also have several companies reporting earnings this morning, and here are the potential opportunities that we find most attractive among them:
Dollar Tree, Inc. DLTR Weekly $99-96 Puts
Nutanix, Inc. NTNX $33.50-35 Calls
If you’ve been following our reports for awhile now, at this point you’ve realized that we provide really great short-term options trading ideas on a regular basis, and this week was certainly no exception.
Out of four separate fresh trading ideas we formulated in yesterday’s report, all four proved to be big winners, with the help of another solid day of bullish activity for the markets as a whole.
Here’s what we were tracking, and the total possible gains that traders could have netted as a result:
SPY Weekly $290-292 Calls $290 Calls – Range: 1.85-3.50 – Max Gain: 89% $290.50 Calls – Range: 1.60-3.00 – Max Gain: 88% $291 Calls – Range:1.25-2.60 – Max Gain: 108% $291.50 Calls – Range: .98-2.15 – Max Gain: 119% $292 Calls – Range: .78-1.78 – Max Gain: 128%
BURL Weekly $187.50-192.50 Calls
$187.50 Calls – Range: 10.22-17.80 – Max Gain: 74% $190 Calls – Range: 8.02-15.90 – Max Gain: 98% $192.50 Calls – Range: 6.00-13.40 – Max Gain: 123% _____
DG Weekly $150-152.50 Calls
$150 Calls – Range: .90-7.10 – Max Gain: 689% $152.50 Calls – Range: .54-4.98 – Max Gain: 822%
NTNX Weekly $23-24 Calls
$23 Calls – Range: 1.20-2.92 – Max Gain: 143% $23.50 Calls – Range: 1.25-2.52 – Max Gain: 102% $24 Calls – Range: .70-2.06 – Max Gain: 194%
MORE FRESH IDEAS:
BIG 09/20 $25-27.50 Calls
ULTA Weekly $265-260 Puts
Fang Holdings Ltd. SFUN
We also want to throw in a quick highlight of SFUN, which we caught off of the earnings calendar this morning, in a pretty solid bottom-bounce setup. The stock’s coming off of annual lows registered earlier this month, and showing good momentum.
The earnings report was a mixed bag, with perhaps a main highlight being a 290% in revenue from the company’s lead generation services. We are mostly interested in tracking SFUN from a technical standpoint. The upside potential is certainly there.
Thanks to a solid day for the markets yesterday, the successful options idea we dropped for the SPY on Monday morning turned in yet another huge day of potential profits. We had signaled the SPY Weekly $287-288.50 Calls as our first idea of the week, and it has been one of the best ones of the year in terms of percentage gains, already having produced intraweek ranges of up to 4000%
Each of the four contract sets in our highlighted range produced further multi-bag intraday rips of the following magnitude yesterday:
$287 Calls – Range: .43-2.04 – Max Gain: 374% $287.50 Calls – Range: .32-1.58 – Max Gain: 316% $288 Calls – Range: .20-1.46 – Max Gain: 630% $288.50 Calls – Range: .16-1.01 – Max Gain: 531%
We will also be watching the SPY Weekly $290-292 Calls in the event that the current momentum of the markets carries through to the end of the week.
We began highlighting NTNX just a week ago in our report from the morning of March 12th. On that day the stock saw a low of 35.20, as we signaled the NTNX 05/19 $40-42.50 Calls for longer-term observation.
We wanted to provide an update on both the stock and our options targets this morning, as NTNX has produced a very solid and steady uptrend since the morning of our initial alert. Yesterday, NTNX ran to a new high of 42.21. That marked a 1-week increase of 20% and it allowed for some nice moves in our highlighted contracts.
The $40 Calls have thus far traded in a range from 1.96 to 4.20 for a gain of 114% while the $42.50’s ran from 1.21-2.85, an increase of 136% NTNX is only halfway to filling the topside gap on itas chart, and there’s plenty of time remaining until expiration. We’ll be interested to see if the stock can pile on even more gains.
Fresh Options Ideas:
Conagra Brands, Inc. CAG 04/18 $24-26 Calls
Williams Sonoma, Inc. WSM 04/18 $57.50-60 Calls
Darden Restaurants,Inc DRI 04/18 $115 Calls