Tag: PRVB

5 Fresh Ideas to Start the Week

Friday’s Big Plays: 

We went bearish on our entire slate of options ideas in our premarket report on Friday morning, and it turned out to be the right way to go. The markets flailed, and helped our ideas along nicely. Out of the four potential ideas we offered up, all four produced significant intraday movement, and solid gain opportunities.

We were zeroed in on the DOCU Weekly $57-55 Puts, the ORCL Weekly $84-82.50 Puts, the GPS Weekly $11.50-11 Puts, and the JKS Weekly $55-53 Puts. The gains we witnessed, which ranged from moderate to eye-popping, were as follows:

DOCU Weekly $57-55 Puts
$57: 2.64-7.50 (+184%)
$56: 1.77-6.51 (+268%)
$55: 1.22-5.50 (+351%)
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ORCL Weekly $84-82.50 Puts
$84: .02-.37 (+1750%)
$83: .04-.30 (+650%)
$82.50: .07-.19 (+171%)
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GPS Weekly $11.50-11 Puts
$11.50: .29-.73 (+152%)
$11: .01-.17 (+1600%)
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JKS Weekly $55-53 Puts
$55: 5.00-7.10 (+42%)
$54: 5.86-7.90 (+35%)
$53: 3.40-4.26 (+25%)

Fresh Options Ideas:
ZIM Weekly $21-22 Calls
DD Weekly $70-69 Puts
DV Weekly $25-22.50 Puts
ROKU Weekly $58-57 Puts
SPY 03/13 $384-381 Puts

Extended Watchlist:
GTII, MWWC, LRSV, CDSG, TENX, ARDS, PRVB

Bottom Plays for the New Year

Conn’s Inc. CONN – Potential Bottom-Play

We hope everyone enjoyed their day off yesterday. We expect a very subdued finish to this holiday shortened week, if history is any indicator, we’ve got just a brief idea to submit this morning. It’s a longer-term recovery play, so if you’re not getting around to reading this report right away, no big deal, We’re going to be tracking this one for awhile.

The CONN chart shows the heavily oversold stock currently sitting at a firmly established bottom with a large gap on the chart to the upside. This is the precise setup we’re always looking out for, and we are going to place the CONN 04/17 $13-16 Calls on watch along with the stock itself into the New Year.
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Other Possible Bottom-Bounce Candidates:
AKRX, SIEB, MITO

Extended Watchlist:
OWCP, VBIV, PRVB, TCCO