Good day traders, we’re kicking off another exciting week of speculation, but first we want to report back on the potential gains from the group of varied options ideas we included in Friday morning’s premarket report.
Those ideas included potential strikes in the BYND, BA, and MSFT options chains, and we saw some nice moves from our bearish and bullish targets alike. Here’s the rundown of what worked, and how well:
BYND Weekly $150-149 Puts
$150: 1.03-4.00 (+288%)
$149: .81-3.00 (+270%)
BA Weekly $167.50 Calls
$167.50: .82-3.70 (+351%)
MSFT Weekly $202.50-205
$202.50: 1.95-3.15 (+62%)
$205: 1.33-2.30 (+73%)
Fresh Options Ideas:
SPY Weekly $324-325 Calls
AAPL 10/09 $105-106 Calls
iBio, Inc. IBIO
We have identified an attractive chart setup on IBIO, a stock we have had some experience with in the past.
Coming off of a recent bottom, there’s a good amount of room for the stock to run, so we’re going to place it on watch as a possible longer-term recovery play.
NXMR, HDII, RAFA, MSSV, MTPP, NMTC
Inovio Pharmaceuticals INO
It appears the markets are once again getting absolutely hammered this morning, and we are back to focusing on those plays which have been enjoying success amid the coronavirus outbreak. INO is chief among them, largely due to the fact that the company plans to begin human testing of a coronavirus vaccine starting next month.
We tagged this stock for observation back on February 27th, and it has continued to set new highs for us all along the way. From our low of 3.83 INO has now reached 16.00, which works out to total increase of 318%
SPDR S&P500 (ETF) SPY – Recap
We also put forth some SPY Calls in Friday morning’s report, the SPY Weekly $294-295.50 Calls and those produced massive gains in a late day surge, ranging from 900-1100% The market volatility that scares most people, gives short term opportunistic traders like ourselves dollar signs in our eyes, and we’ve been coming up big throughout this very tenuous situation. .
Weekly $294-295.50 Calls
$294: .46-4.70 (+921%)
$295: .30-3.70 (+1133%)
$295.50: .24-3.05 (+1171%)
When big boards get crushed, the OTC becomes something of a haven for traders who are looking for some action during this tumultuous time Here we have a watchlist of some of the ones we’ve been tracking, as well as some new targets to watch.
AGTK, FZRO, IPIX, GRPS, RAFA, NVNT, NUGL, PHOT