Rite Aid Corp. RAD – Review
We were just talking about RAD in our premarket report from last Friday, and we wanted to close out this week by bring up the very respectable run it has produced. The morning of our report, the stock saw a low of 12.11, and subsequently registered a new high yesterday at 19.22 (+59%). As of the premarket high of 22.44 established in the premarket this morning, we’ve witnessed a one-week run of 85% from Rite Aid.
We’re also going to signal a couple of different sets of options ideas to track in the RAD chain over the next week, and beyond. We’re going to radar the RAD 1/03 $21-23 Calls, as well as the RAD 04/17 $27-30 Calls.
We also wanted to highlight some mega-moves made by stocks we’ve placed on watch recently, once again proving conclusively that options aren’t our only forte.
We tagged Clearside Biomedical, Inc. CLSD in our extended watchlist on October 18th, and witnessed a low of .75 the following day. The stock has been gradually ramping its way up in the several weeks since then, continually registering new highs, of which it hit 3.95 yesterday. That’s an incredible increase of 427%
We put Oncolytics Biotech, Inc. ONCY on watch back on November 14th, and have watched as the stock began to edge its way up, before absolutely exploding over the last week. Our observed range on this one in just over a month has been .82-2.92, a gain of 256%
Many of our longer term readers will remember how significant the gains were out of OWC Pharmaceutical Research Corp. OWCP as we first came across it at the end of 2016 when it went on a mega run from subpenny levels to over 2.00. When it appeared in yesterday’s watchlist it was time to start paying close attention to it again. OWCP made a 94% intraday move yesterday from a low of .028 to a high of .0543. Volume has been ramping up the last few sessions and with this type of momentum, we’ll definitely continue to keep an eye on it.
KWBT, FCEL, TRQ, SPPI, AQMS, AMRS, PT, ASRT, OBSV
WW International, Inc. WW – Options Update
First thing’s first this morning, we’re circling back to report new highs on the options ideas we formulated for the Weight Watchers chain earlier in the week. On Monday morning, we signaled interest in the WW Weekly $39.50-40.50 Calls and have seen some solid moves over the course of the week so far.
Here are the updated figures on the total possible gains in these ideas:
WW Weekly $39.50-40.50 Calls
$39.50 Calls – Range: .35-.1.20 – Max Gain: 243%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .18-.65 – Max Gain: 261%
More Winning Ideas:
We also had a number of fresh ideas in yesterday’s report, and here were the instant winners out of that group:
GIS 01/17 $55 Calls
$55 Calls – Range: .10-.28 – Max Gain: 180%
FDX Weekly $155-150 Puts
$155 Puts – Range: 3.95-8.75 – Max Gain: 122%
$152.50 Puts – Range: 2.64-6.24 – Max Gain: 136%
$150 Puts – Range: 1.65-4.09 – Max Gain: 148%
Fresh Options Ideas:
RAD Weekly $9.50-10.50 Calls
DRI Weekly $115-110 Puts
VTGN, TOPS, PT, OBSV, TLRA, KOPN, CTXR, RUBI, XBIO, NAKD
Midweek Options Review
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%
SPY Weekly $314-315 Calls
BOX Weekly $16-17 Calls
VMW Weekly $165-170 Calls
IBIO, LODE, GALT, OCGN, AVEO, OBSV