Double-Bag Options Winners

Big End to the Week: 

Options trading can become more difficult during a period exhibiting a dearth of earnings reports, as we have seen in recent weeks. However, yesterday we managed to offer up a four-pack of options ideas, and all four returned some serious intraday gain opportunities for traders.

We saw multibag gains in each and every one of the targets put forth in yesterday morning’s premarket report:

 HELE 07/17 $210-220 Calls
$210: 1.25-3.28 (+162%)
$220: .30-1.25 (+317%)
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WBA Weekly $42-40.50 Puts.
$42: 1.90-3.94 (+107%)
$41.50: 1.55-3.47 (+124%)
$41: .83-3.00 (+261%)
$40.50: .88-2.56 (+191%)
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BABA Weekly $260-270 Calls
$260: 2.37-4.91 (+107%)
$265: 1.35-2.95 (+119%)
$270: .82-1.83 (+123%)
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NKLA Weekly $54-57 Calls
$54: 2.18-4.42 (+103%)
$55: 1.65-3.78 (+129%)
$56: 1.35-3.19 (+136%)
$57: 1.15-2.50 (+117%)


Kronos Advanced Technology, Inc. KNOS

We also have found some sanctuary from the deleterious effects of the coronavirus through our old mainstay, OTC-traded stocks. Last month we updated readers on our April 20th call of KNOS, which had seen lows of .011 subsequent to that report.

Just under three months after our initial alert on this play, we have witnessed a high of .17, for an overall gain of 1445% Even if readers had only caught our recent June 4th update, it would have enabled the chance at some serious gains. The low following that report was .043 which, to .17, works out to an increase of 295%


Extended Watchlist:
SPAQ, OGEN, BYOC, LIACF, TPTW, CVLB

Looking for a Big Start to the Week

The Clorox Co. CLX – Recap

Our sole fresh options trading idea on Friday was in the CLX chain and came on the heels of the company’s earnings drop. Bleach definitely has a big role to play during the coronavirus pandemic based on a need to keep surfaces as disinfected as possible, making this a high synergy play.

The single-session gains our idea produced during Friday’s session are certainly indicative of that, with huge multi-bag rips across the board:

CLX Weekly $190-195 Calls
$190: .90-7.50 (+733%)
$192.50:  .63-5.69 (+801%)
$195: .41-3.33 (+712%)
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SPDR S&P500 (ETF) SPY – Recap

We also have the final highs and total ranges on the group of SPY Puts that we signaled in Thursday morning’s premarket report. Those also turned out to be a great success, with two-day moves which also reached multi-bag status.

SPY 05/04 $291-288 Puts
$291: 2.49-9.50 (+282%)
$290:  2.14-8.60 (+305%)
$289: 1.84-7.75 (+321%)
$288: 1.54-7.00 (+355%)


Fresh Options Ideas:
BUD 09/18 $45-55 Calls
STZ 07/17 $170-180 Calls
CGC Weekly $16-16.50 Calls
TLRY Weekly $7-7.50 Calls
TSN Weekly $57-55 Puts 


Extended Watchlist:
TGHI, GMEV, BYZN, WARM, RTTR, APDN, NNVC, YGYI, OGEN, PRTY

DRRX Update, FDX Options

DURECT Corp. DRRX – Review

With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.

Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.


FedEx Corp. FDX – Fresh Options Idea

FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.

We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.


Extended Watchlist:
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,