Solid Options Movers

Options Roundup

We’ve got updates on a few of the options ideas we’ve been tracking this week. Despite a poor day for the markets in general, we were able to witness some solid intraday gain opportunities.

The following are the intraday ranges on our ideas for the options chains of RH, LULU, and the SPY:

RH Weekly $360-380 Calls 
$360: 33.04-50.00 (+51%)
$365: 28.79-43.00 (+49%)
$370: 24.50-40.38 (+65%)
$375: 21.46-35.78 (+67%)
$380: 17.69-31.60 (+79%)
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LULU Weekly $340-335 Puts 
$340: 6.61-21.57 (+226%)
$337.50: 6.10-18.12 (+197%)
$335: 3.98-16.72 (+320%)
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SPY Calls $340-341 Calls
$340: 1.81-2.78 (+54%)
$341: 1.40-2.20 (+57%)


Fresh Options Ideas

As we always like to do whenever possible, we’ll leave things off by signaling interest in some fresh options ideas to carry us across the finish line for the week.

ORCL Weekly $59-60.50 Calls
OSTK Weekly $77-78 Calls


Extended Watchlist:
BRTXQ, VNUE, SPI, GDET, DKMR

AAPL News/Earnings Headlines Exciting Day

Apple, Inc. AAPL – Options Update

Yesterday morning, AAPL was among our fresh options ideas in our premarket report, as AAPL has a tendency to run into earnings, and was slated for a post-market release. That indeed was the case, and our targets, the  AAPL Weekly $375-377.50 Calls fared reasonably well.

That being said, the party is just getting started, because not only did AAPL blow Q3 earnings expectations out of the water. but the company also announced a 4-for-1 forward split planned for August. Here are the intraday gains made by our targets yesterday, which will be significantly higher once trading commences today:

AAPL Weekly $375-377.50 Calls
$375:
 10.19-15.11 (+48%)
$377.50: 8.80-13.50 (+53%)

AAPL will open at fresh all time highs, and send those contracts soaring. We’re also going to add a few other possible targets to take advantage of the current activity, with the AAPL Weekly $407.50-412.50 Calls* as well as the 08/07 $415 Calls.


More Options Review

We also had ranges of ideas in several other options chains yesterday morning and saw some truly explosive gains. Here are the ranges and total multibag profit opportunities that they provided:

QCOM Weekly $102-104 Calls
$102: 1.05-5.66 (+439%)
$103: .96-4.94 (+415%)
$104: .35-4.00 (+1043%)
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PYPL Weekly $190-195 Calls
$190: 2.15-5.15 (+140%)
$192.50: 1.12-3.31 (+196%)
$195: .70-1.96 (+180%)
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OSTK Weekly $70-75 Calls
$70:
 1.24-9.50 (+666%)
$75: .60-5.90 (+883%)

The markets in general have a tendency to run when AAPL crushes on earnings, and that could be ready to happen today, leading to added gains in one or more of these plays.
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More Fresh Ideas:
SPY Weekly $324-327 Calls*
FB Weekly $245-250 Calls*

*Please don’t attempt to trade options with a weekly expiration on a Friday unless you are an advanced level trader with access to disposable funds.


Extended Watchlist:
ECOR, SONN, BSGM

Recent Performers

S&P 500 ETF Trust (SPY) – Recap

Our main winner from Friday morning’s premarket report was our idea for the SPY. The markets saw an early rip out of the gate before pulling back, running once again, and eventually tapering off into the close.

As a result of the activity we observed, our designated contract sets experienced two separate and significant surges on the day. Here are the total possible gains afforded by the moves that occurred:

SPY 07/02 $313-314 Calls
$313: 1.88-4.22 (+47%) | .67-1.55 (+47%)
$314: 1.28-2.10 (+49%) | .36-.77 (+47%)


Other Recent Winners:

Plug Power Inc. PLUG – We also want to begin this fresh trading week by re-highlighting PLUG, which we most recently talked about on June 24th. Subsequent to that report, the stock traded for as little as 6.91 a share, and on Friday the stock attained a new high of 9.65. This morning in the premarket we’ve seen shares change hands for 10.09.

That puts our total observed increase on PLUG in under two weeks at a respectable 46% and warrants further attention going forward.
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Overstock.com Inc. OSTK – Another recent performer we’ve been hot on the trail of is OSTK, which we mentioned quite a bit back in May. Since then, OSTK has done little else other than climb its way to new highs week after week.

When we first alerted on OSTK it was trading at 15.45, and to close out the short week on Thursday, the stock had hit 39.38. That works out to a 2-month upswing of 155%


Extended Watchlist:
UBER, BA, UONEK, DUK, LMFA BLDP, FCEL, NIO, BLNK