The Children’s Place, Inc. PLCE – Update
As a result of the insider buying we discovered at a bottom on PLCE yesterday, we placed a pair of contracts in the options chain on watch, specifically the, PLCE 01/17 $65-70 Calls.
Despite being a bit of a longer-term idea, we still witnessed instantaneous results from these targets, which produced the following intraday moves:
$65 Calls – Range: 2.55-4.20 – Max Gain: 65%
$70 Calls – Range: .35-.85 – Max Gain: 143%
We’re interested in continuing to track these plays, with PLCE still boasting a massive gap to the topside on the chart up to roughly the $70 level. Should the stock continue to fill that gap, we’re going to see the total gains on these ideas hit even more impressive levels.
Fresh Options Ideas:
WVE 04/17 $17.50-25 Calls
GIS 01/17 $55 Calls
FDX Weekly $155-150 Puts
LMPX, YAYO, OBLN, SLDB, FBIO, MLCO
We’re wrapping up another solid trading week by reviewing our spot-on options ideas from yesterday morning’s premarket report. We had signaled interest in both the QCOM Weekly $88.50-90 Calls and the BIDU Weekly $114-117 Calls.
We are happy to say that both of those fresh ideas produced opportunities for multi-bag gains in the day. Here’s the breakdown of the profits that were there for taking:
QCOM Weekly $88.50-90 Calls
$88.50 Calls – Range: 1.06-3.92 – Max Gain: 270%
$89 Calls – Range: 1.05-3.50 – Max Gain: 233%
$89.50 Calls – Range: .65-3.00 – Max Gain: 362%
$90 Calls – Range: .58-2.60 – Max Gain: 348%
BIDU Weekly $114-117 Calls
$114 Calls – Range: 2.50-8.00 – Max Gain: 220%
$115 Calls – Range: 2.00-7.22 – Max Gain: 261%
$116 Calls – Range: 1.85-5.80 – Max Gain: 214%
$117 Calls – Range: 1.38-5.38 – Max Gain: 304%
Fresh Options Ideas:
DIS Weekly $139-142 Calls*
*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds.
Sun Kissed Industries, Inc. SKDI
We also highlighted SKDI as one to watch in yesterday morning’s premarket Extended Watchlist. The stock put up quite an intraday performance as it traded up from a low of .03, to a high of .16 on the day.
That works out to a single-session gain of 433% and serves as a perfect example of why we always try to include a daily Extended Watchlist, and why we will never quit speculating on the OTC entirely.
NDYN, DERM, MNST, PLNT, GPRO, UI, OPTT, STMP, OBLN, UI, AAXN
PetMed Express, Inc. PETS – Update
Our fresh options idea of the day yesterday morning involved the PETS chain in the wake of the company’s huge Q2 earnings beat, which precipitated the stock’s largest single session gain in 17 years.
We zeroed in on the PETS 11/15 $20-25 Calls, and the potential intraday profits on the table were nothing to sneeze at, with all three sets making multi-bag rips.
$20 Calls – Range: 2.60-6.80 – Max Gain: 162%
$22.50 Calls – Range: 1.00-4.40 – Max Gain: 340%
$25 Calls – Range: .40-2.40 – Max Gain: 500%
Fresh Options Ideas – We’ve also got a couple of new ideas to track off of this morning’s earnings calendar:
The Procter & Gamble Co. PG Weekly $123-125 Calls
Harley-Davidson, Inc. HOG Weekly $38.50-40 Calls
CBNT, TROV, BMY, LODE, IIPR, CISN, HRTX, OBLN, APDN