3-Pack of Options Ideas
This morning we want offer up trio of fresh options ideas to track through this week, with some high profile earnings plays as well as a target in the SPY. Stocks in general are looking solid today, so the wind is blowing in the proper direction for it for the time being.
In addition to the SPY, we are looking at opportunities in the ADBE and FDX chains. Both companies are not slated to drop their quarterlies until after market hours, so we’ll be watching these in the run-up to that, and presumably for the remainder of the week after they present their figures.
Here are the specific targets we are interested in tracking:
SPY 09/16 $340-342 Calls
FDX Weekly $237.50 Calls
ADBE Weekly $490-495 Calls
BBRW, NWBO, OPTI, RBII, PFMS
Foot Locker, Inc. FL
We had a group of options ideas lined up on Friday, and then the bottom proceeded to fall out of the markets, rendering our bearish idea for FL the main attraction for the day.
We designated the Foot Locker FL $38-36.50 Puts as our items of interest, and the intraday activity was good for the following gain opportunities.
Foot Locker FL $38-36.50 Puts
$38 Puts – Range: 1.30-4.20 – Max Gain: 223%
$37.50 Puts – Range: 1.10-3.10 – Max Gain: 182%
$37 Puts – Range: .85-3.10 – Max Gain: 265%
$36.50 Puts – Range: .75-2.80 – Max Gain: 273%
Fresh Options Idea:
Speaking of the market sell-off, it appears as if we may experience a dead-cat bounce today, and we will will have some SPY ideas ready for that possibility. We’ll track the
SPY Weekly $287-288.50 Calls to kick things off this week.
PaperFree Medical Solutions, Inc. PFMS
We also want to provide a brief recap of a solid OTC call we had from earlier last week. We placed PFMS on watch in our premarket report on Tuesday
, and the stock has posted quite a move over the ensuing four sessions.
From a low of .0029 on Tuesday, PFMS shot up to a new high of .0071 on Friday, marking an impressive intraweek swing of 145% With that kind of momentum, we’ll be sure to keep its slot on our watchlists reserved as we kick off another trading week.
PBIO, SOLY, FSLY, ATHX, DISH, VKTX, LIQT, AVGR
PCT Ltd. PCTL
We have been hot on the trail of PCTL for nearly a month now, and the progress this OTC play has made in that time span has been extraordinarily impressive. Shortly following our original alert from 07/22, we would observe a low of .0085 in PCTL. It didn’t take long for the stock to break out of subpenny territory, and the gains it has piled on following that have been huge.
Yesterday, the stock continued to streak into blue skies as it registered a new high of .0416, which represents an overall increase of 389% over our observed low!
SPDR S&P500 (ETF) SPY – Recap
We offered up some SPY calls for observation to kick off the week in yesterday morning’s premarket report, and those got off to a solid start. Our targets were the SPY Weekly $290.50-291.50 Calls
and we’re happy to report that intraday multi-bag gains were there for the the taking.
This was as the rebound from last Wednesday’s bloodbath continued, and the markets persisted in their recovery.
The total single-session moves and total possible profits were as follows:
$38.50 Calls – Range: 1.20-2.50 – Max Gain: 108%
$39 Calls – Range: .94-2.14 – Max Gain: 128%
$39.50 Calls – Range: .64-1.61 – Max Gain: 152%
Fresh Options Ideas:
Baidu, Inc. BIDU Weekly $113-116 Calls
Medtronic plc MDT Weekly $107-109 Calls
PFMS, SDRL, TPIC