Dominos Pizza Inc. DPZ – Options Idea
The main earnings reporter this morning is Dominos, and following missed expectations in addition to curtailed guidance, we’;re interested in formulating a near-term idea with a bearish stance.
We’re going to be looking at the DPZ Weekly $235-227.50 Puts for possible swing trades into the the end of the week.
Azz, Inc. AZZ
Speaking of bearish options ideas, we are interested in tracking some puts in the AZZ chain following the company’s delay of its Q2 2020 earnings report, which were previously scheduled for this morning.
Our targets of interest will be the AZZ Weekly $45-40 Puts.
CBNT, PTAH, NGM, WKHS, RGLD, PHUN, NIO
We formulated a fresh idea yesterday morning for the PEP options chain and found some instant success there. We also want to track back to an idea we hashed out for ROKU a couple of weeks ago, on the morning of Sept. 23rd, and the performance it has recorded since then.
PepsiCo, Inc. PEP Weekly $134-136 Calls
$134 Calls – Range: 2.92-5.75 – Max Gain: 97%
$135 Calls – Range: 2.10-4.60 – Max Gain: 119%
$136 Calls – Range: 1.38-3.85 – Max Gain: 107%
ROKU 11/01 $115-118 Calls
$115 Calls – Range: 3.00-5.81 – Max Gain: 94%
$116 Calls – Range: 3.60-5.15 – Max Gain: 43%
$117 Calls – Range: 2.82-4.90 – Max Gain: 74%
$118 Calls – Range: 2.50-4.06 – Max Gain: 62%
Fresh Options Idea:
SDPR S&P500 (ETF) SPY Weekly $289-291 Calls
Ocugen, Inc. OCGN
We also want to designate OCGN as a bottom-watch play this morning. The stock recently became NASDAQ-trading after a merger with Histogenics, and the PPS fell off a cliff.
OCGN is currently hanging around just above the two dollar level here in the premarket, and we will be tracking its movements over the next few sessions to see if it can pick up some steam as a bottom-bouncer.
We released a Special Report on CBNT (Click here to view) Wednesday morning, and the stock made a solid 30% move up yesterday. We’re going to continue tracking this nanotech play. Stay tuned for updates.
BHGE, SRPT, PHUN, AVYA, RNG, NAKD, SONO, YUMA
Big Shipping Options Review
Yesterday morning, we were feeling confident in a bearish session leading into the Fed meeting. Despite a last-hour rebound following the rate lowering, most of the day provided us with plenty of backsliding action that led to some very respectable single-session gains for our picks.
We had bearish ideas set up for both of the main players in the parcel shipping game, In each instance, we observed solid moves for every single one of our targeted contracts:
FDX Weekly $157.50-155 Puts
$165 Calls – Range: 4.30-9.20 – Max Gain: 114%
$167.50 Puts – Range: 3.00-7.00 – Max Gain: 133%
UPS Weekly $120-119 Puts
$120 Puts – Range: .67-1.37 – Max Gain: 104%
$119 Puts – Range: .44-.89 – Max Gain: 102%
Eros International Plc. EROS
We mentioned EROS most recently on August 21st, and shortly following that alert, the stock was trading for as little as 1.20. This morning we have observed a new high of 3.42 in the premarket in the wake of an announced partnership with Microsoft.
That’s a total increase of 185% in roughly seven weeks’ time. We’ll be interested to continue monitoring the activity from this point on.
DOUGLAS, Isle of Man–(BUSINESS WIRE)– Eros Now, a South Asian entertainment OTT (over-the-top) video platform by Eros International Plc, a Global Indian Entertainment Company, the ultimate one-stop destination for the internet generation to consume captivating content, today announced a collaboration with Microsoft to build a next generation online video platform on Microsoft Azure targeted at its consumers across the globe. (>>View PR)
NSPR, NTRP, PHUN, OBLN, SCYX, CGIX, MLHR