PepsiCo, Inc. PEP – Options Recap
Yesterday morning Pepsi’s earnings provided us with one of the pair of options ideas included in our report. We were focused on the PepsiCo, Inc. PEP Weekly $109-112 Calls and are pleased to report that we found success with those immediately.
The single-session gain opportunities available to anyone who partook were substantial to say the least, continuing an impressive pattern of huge options winners we’ve uncovered over the last several sessions.
$109 Calls – Range: 1.23-4.00 – Max Gain: 225%
$110 Calls – Range: .70-3.05 – Max Gain: 336%
$111 Calls – Range: .38-2.05 – Max Gain: 439%
$112 Calls – Range: .19-1.30 – Max Gain: 589%
Tesla, Inc. TSLA
On Friday we began tracking some TSLA Calls, and we did remind our readers of these contracts yesterday, cautioning that it appeared as if the stock was ready to facilitate some good moves in our targets.
The TSLA 08/02 $300-315 Calls were those targets, and our hunch proved correct. While we swept the range, finding gains in all seven sets of contracts, in the interest of time, we’ll simply provide the moves from the bottom and the top of the range. Just keep in mind that the sets in between also enjoyed commensurate moves to the upside.
The $300 Calls ran from a low of 22.54 to a high of 35.81 for a gain of 59% while the $315’s ran from 16.70 to 26.01; an increase of 56%
Fastenal Co. FAST Weekly $50-55 Calls
TANH, TVIX, UAVS, OCX, MNGA, NVIV
Fresh Options Ideas
We’re going to start off the new trading week by identifying a couple of options ideas we’re seeing based on the chart setups of Under Armour Inc. (UAA) and CSX Corp (CSX).
In both cases, the stocks have been on a bit of a backslide, but went on to record bullish sessions on Friday. We’re going to look for confirmed reversals on both of these, and be ready with some options ideas if they can establish more sustained rebounds. On each chart, there are gaps to the upside, which is another thing we look for.
For Under Armour, which is giving off a strong multiple-bottom signal, we’re going to track the UAA 09/01 $17-19 Calls, and for CSX Railroads, we’ll want to look after the CSX 09/01 $51-53 Calls.
ImmunoGen Inc. IMGN
We also want to keep IMGN on our radars as we kick things off this week. We signaled it in Friday’s premarket report and it had a modest yet solid session on the heels of an earnings beat. We saw a low of 6.29, and this morning in early trading the stock has reached a high of 7.41. While that’s only an 18% rise at the moment, we’ll want to keep an eye peeled for another bullish session.
ACRX, CDRBQ, DVAX, NVIV, MYO, XXII, NXTD, CYTR,MNGG
We like to look for potential rebound plays in stocks that are displaying a double bottom formation on the chart, and we’ve got three such candidate to add to a recovery watchlist this morning.
InVivo Therapeutics Holding Corp. NVIV, Stein Mart,Inc. SMRT, and Sportsman’s Warehouse Holdings, Inc. SPWH have all begun to trend off of a level of support that has been established on one or more previous occasions. We’ll want to monitor this trio in the days and weeks ahead for possible sustained recoveries.
StarBucks Corp. SBUX – Options Idea
Shares of SBUX really came crashing down this morning, all the way to the $55-level, the lowest PPS since March. We’ll be looking to take advantage of a possible forthcoming rebound when the smoke clears.
SBUX has demonstrated solid support in the $54-area earlier this year, so we’ll look for it to hold there or above on this plummet that comes even as analysts are reporting a good outlook.
Once a rebound begins to materialize, we could see some noteworthy activity in the SBUX 08/18 $54-55 Calls.
UHLN, BVTK, CLDX, OTTV, JAGX, KOOL, IMGN,