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,

Hot Options Plays

Options Review

In yesterday morning’s premarket report, we signaled our interest in tracking a pair of options ideas following earnings reports from BSX and CAT, going bullish on one and bearish on the other.

We couldn’t have called them any better, as both sets of ideas returned numerous multi-bag runs on the day, with the following potential profits on the table:

BSX Weekly $38.50-40.50 Calls
$38.50 Calls – Range: 1.38-2.21 – Max Gain: 60%
$39 Calls – Range: .99-1.80 – Max Gain: 82%
$39.50 Calls – Range: .57-1.33 – Max Gain: 133%
$40 Calls – Range: .31-.91 – Max Gain: 194%
$40.50 Calls – Range: .18-.46 – Max Gain: 156%
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CAT  Weekly $134-131 Puts
$134 Puts – Range: 1.13-3.70 – Max Gain: 227%
$133 Puts – Range: .85-3.10 – Max Gain: 265%
$132 Puts – Range: .60-2.55 – Max Gain: 325%
$131 Puts – Range: .48-2.10 – Max Gain: 338%

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Fresh Options Ideas: 
AZN Weekly $46-47 Calls
PYPL Weekly $104-105 Calls
MSFT Weekly $138-139 Calls 


Extended Watchlist:
BAS, SDC, WTER, TTNP, OGEN, EROS, HEPA, BLGI

Blue Horseshoe Stocks: PIR Run Continues & More

Pier 1 Imports, Inc. PIR 

We began tracking Pier 1 toward the end of last month on the 27th. At the time, the stock was trading for as little as 3.92/share.

The performance it has put together over the last three-plus weeks has been nothing short of astonishing. Ignoring all market trends, the stock has been in a near-continual uptrend, which culminated at a new high of 14.64 yesterday. That represents an excellent 273% increase inside of a month!


Weatherford International plc  WFTIQ

Speaking of recent stock calls we’ve made that have enjoyed impressive performances, we wanted to update readers on the status of WFTIQ in recent weeks.

We initially alerted WFTIQ a couple of weeks ago on September 10th. We caught this one at a low of .0198, and it has now run to an even .04. That’s a two-week upswing of 102%


Fresh Options Ideas:
NKE Weekly $89-91 Calls
SPY Weekly $296-297 Calls


Extended Watchlist: MPC, IRIX, OGEN,