Winning Wednesday, New Big Name Earnings Plays

A Winning Wednesday:  

We continued to make our job look easy on  Wednesday, once again offering up a chunky slate of potential options ideas in our morning report. He formulated possible targets in five options chains, and met with some very nice results for the day.  Of course, a nice selection of daily earnings reporters always helps with that. In case some of our readers hadn’t picked up on that yet, we love using the volatility that results when these megacap companies drop their reports. We’ve got another nice calendar for this morning as well.

As for yesterday’s five targets, all of which posted good intraday moves, we had the TOL Weekly $76 Calls, the URBN Weekly $35-36 Calls, the ADI Weekly $167.50-165 Puts, the WSM Weekly $125-126 Calls, and the LANC Weekly $180-175 Puts.


TOL Weekly $76 Calls
$76:
2.35-4.00 (+70%)
_____

URBN Weekly $35-36 Calls
$35: .30-.50 (+67%)
$36: .07-.15 (+114%)
_____

ADI Weekly $167.50-165 Puts
$167.50: .09-.14 (+56%)
$165: .05-.10 (+100%)
_____

WSM Weekly $125-126 Calls
$125: 4.40-15.75 (+258%)
$126: 3.91-14.83 (+279%)
_____

LANC 09/15 $180-175 Puts
$180: 14.98-15.88 (+6%)
$175: 10.69-12.60 (+18%)


Fresh Options Ideas:
NVDA Weekly $497.50-502.50 Calls
SNOW Weekly $157.50-160 Calls
SPLK Weekly $111-113 Calls
ADSK Weekly $215-220 Calls
SPY 08/24 $443-444 Calls*

*Trading contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
WEN, AGTI, AMC, OPRX, PTON, FL, 

Tuesday’s Movers, Today’s Fresh Plays

Recapping Yesterday’s Runners:  

We ventured potential options trading ideas for five chains in our premarket report yesterday morning, and at this point it should come as little surprise that we managed to root out intraday runners in all but of those plays, and we had to toss the fifth only for a technical error in our newsletter. We have been on a great success streak lately and we genuinely hope our efforts have, at best, made some folks some money, and at the very least, helped some people understand the world of possibilities offered by options daytrading.

Our winning targets for the session were the SPY 08/22 $440-441 Calls, the FN 09/15 $140-145 Calls, the LOW Weekly $220-225 Calls, the BIDU Weekly $128-130 Calls. The nature of their intraday moves and total potential gains for traders were as follows:

SPY 08/22 $440-441 Calls
$440:
.16-.47 (+194%)
$441:
.07-.20 (+186%)
_____

FN 09/15 $140-145 Calls
$140: 9.02–15.20 (+69%)
$145:
6.70–11.70 (+75%)
_____

LOW Weekly $220-225 Calls
$220: 6.95–9.67 (+39%)
$222.50:
6.30–7.70 (+22%)
$225:
4.30–6.30 (+47%)
_____

BIDU Weekly $128-130 Calls
$128: 5.00–7.04 (+41%)
$129:
5.30–6.30 (+19%)
$130:
4.20–6.10 (+45%)


Fresh Options Ideas:
TOL Weekly $76 Calls
URBN Weekly $35-36 Calls
ADI Weekly $167.50-165 Puts
WSM Weekly $125-126 Calls
LANC Weekly $180-175 Puts


Extended Watchlist:
BGLC, OPRX, SJT, AZYO, DOUG

OPRX – OptimizeRx Corp. Update

OptimizeRx Corp. OPRX

OPRX recently bottomed out near 1.00, and has been steadily inching up to its current level in the low 1.30’s.

We talked about OPRX back the second week of August, and outlined its long term appeal. After a run up and subsequent consolidation which gave us the opportunity to scoop reduced-price shares off of the bottom, we are now starting to see strength returning to the stock.

We still like OPRX’s long term look, and believe that a favorable 10-Q (due to be filed presently) could really give  this stock a push in the right direction.  We believe that this Quarter’s filing is going to be an improvement upon the last, so we are excited to view the document, and will certainly share any good news with our readers.

Side Note:

 

On September 30, 2011 a final arbitration award (the “Award”) was issued by an American Arbitration Association (AAA) arbitrator. According to the Award, OPRX is entitled to recover $202,500 from Beringea on the claim of gross negligence, and $88,000 for the costs of enforcing the agreement, including attorneys’ fees and expenses.