Gauging the SPY, Fresh Plays

Another Excellent Day for Options:

We kept the options train rolling along the tracks yesterday morning, when we were just patting ourselves on the back for going 3-for-3 on Tuesday’s options ideas. We then of course formulated a fresh selection of potential targets to observe, and for the second consecutive session, we saw some really nice moves in all of them.

Our areas of interest for the day were the MDB Weekly $305-315 Calls, the THO 03/18 $90-95 Calls, and the CRCT 03/22 $10 Puts, and they didn’t let us down. There were fine opportunities across the board, and they were as follows:

MDB Weekly $305-315 Calls
$305:
 18.10-36.00 (+99%)
$310: 13.50-28.87 (+114%)
$315: 11.35-25.70 (+126%)
_____

THO 03/18 $90-95 Calls
$90: 2.00-4.50 (+125%)
$95: .90-2.24 (+149%)
_____

CRCT 03/22 $10 Puts
$10: .50-.75 (+50%)


Fresh Options Ideas: 

As we all know by now, here’s been a lot of volatility added to the markets via the uncertainty generated by the ongoing Russian attacks on the Ukraine, and today we’re going to straddle the fence a bit after some rather flat CPI figures came in this morning. We’re going to signal a set of SPY strikes, and leave it for our readers to gauge which way the wind is blowing, and whether to go bearish or bullish at any given moment today. We’ve also got a couple of earnings plays to add the mix as well.

SPY 03/11 $422-424 Calls
SPY 03/11 $424-422 Puts
JD Weekly $60-58 Puts
ASAN 03/18 $40-35 Puts


Extended Watchlist:
JPEX, HMBL, QSAM, KGKG, INDO, IMPP, HYMC, ENSV, PT, PUSA, LGVN, TLSA, DXF

Huge Stock Moves & More

Rite Aid Corp. RAD – Review

We were just talking about RAD in our premarket report from last Friday, and we wanted to close out this week by bring up the very respectable run it has produced. The morning of our report, the stock saw a low of 12.11, and subsequently registered a new high yesterday at 19.22 (+59%). As of the premarket high of 22.44 established in the premarket this morning, we’ve witnessed a one-week run of 85% from Rite Aid.

We’re also going to signal a couple of different sets of options ideas to track in the RAD chain over the next week, and beyond. We’re going to radar the RAD 1/03 $21-23 Calls, as well as the RAD 04/17 $27-30 Calls.


Other Updates
 
We also wanted to highlight some mega-moves made by stocks we’ve placed on watch recently, once again proving conclusively that options aren’t our only forte.

We tagged Clearside Biomedical, Inc. CLSD in our extended watchlist on October 18th, and witnessed a low of .75 the following day. The stock has been gradually ramping its way up in the several weeks since then, continually registering new highs, of which it hit 3.95 yesterday. That’s an incredible increase of 427%
____

We put Oncolytics Biotech, Inc. ONCY on watch back on November 14th, and have watched as the stock began to edge its way up, before absolutely exploding over the last week. Our observed range on this one in just over a month has been .82-2.92, a gain of 256%
____

Many of our longer term readers will remember how significant the gains were out of OWC Pharmaceutical Research Corp. OWCP as we first came across it at the end of 2016 when it went on a mega run from subpenny levels to over 2.00. When it appeared in yesterday’s watchlist it was time to start paying close attention to it again. OWCP made a 94% intraday move yesterday from a low of .028 to a high of .0543. Volume has been ramping up the last few sessions and with this type of momentum, we’ll definitely continue to keep an eye on it.


Extended Watchlist:
KWBT, FCEL, TRQ, SPPI, AQMS, AMRS, PT, ASRT, OBSV

DRRX Update, FDX Options

DURECT Corp. DRRX – Review

With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.

Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.


FedEx Corp. FDX – Fresh Options Idea

FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.

We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.


Extended Watchlist:
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,