Tag: RH

Solid Options Movers

Options Roundup

We’ve got updates on a few of the options ideas we’ve been tracking this week. Despite a poor day for the markets in general, we were able to witness some solid intraday gain opportunities.

The following are the intraday ranges on our ideas for the options chains of RH, LULU, and the SPY:

RH Weekly $360-380 Calls 
$360: 33.04-50.00 (+51%)
$365: 28.79-43.00 (+49%)
$370: 24.50-40.38 (+65%)
$375: 21.46-35.78 (+67%)
$380: 17.69-31.60 (+79%)
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LULU Weekly $340-335 Puts 
$340: 6.61-21.57 (+226%)
$337.50: 6.10-18.12 (+197%)
$335: 3.98-16.72 (+320%)
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SPY Calls $340-341 Calls
$340: 1.81-2.78 (+54%)
$341: 1.40-2.20 (+57%)

Fresh Options Ideas

As we always like to do whenever possible, we’ll leave things off by signaling interest in some fresh options ideas to carry us across the finish line for the week.

ORCL Weekly $59-60.50 Calls
OSTK Weekly $77-78 Calls

Extended Watchlist:
BRTXQ, VNUE, SPI, GDET, DKMR

LULU Success, Fresh Options Plays

Lululemon Athletica Inc. LULU

Yesterday morning, we hashed out some options ideas, among which were the LULU Weekly $340-335 Puts. The company’s year-over-year quarterly figures came back low, as is to be expected with many retailers during the pandemic.

The lackluster earnings drop provided our bearish ideas with some intraday firepower that was as follows:

LULU Weekly $340-335 Puts 
$340: 12.02-25.55 (+93%)
$337.50: 10.95-22.37 (+105%)
$335: 9.26-21.40 (+118%)
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Fresh Options Ideas: 
RH Weekly $360-380 Calls
SPY Calls $340-341 Calls 

Basanite Inc. BASA 

On Tuesday morning, we signaled BASA for observation, keeping it on yesterday’s extended watchlist as well. Over those couple of sessions, the stock has made a very nice move from Tuesday’s low of .6147 to yesterday;s high of 1.12.

That works out to an intraweek wing of 82% and we will continue to keep an eye on this runner for the possibility of further advances.

Extended Watchlist:
VNUE, BFGC, VYON, WHEN, KNRLF

Blue Horseshoe Stocks: Stock Updates & More

DURRECT Corp. DRRX

We began tracking DRRX last month, with our initial alert coming on the morning of 08/07. Subsequent to that report, the stock recorded a low of 1.22, and yesterday, reached a new high of 2.46.

That works out to a clean double-bag move of 102% in a matter of six weeks. The stock has been on the rise for two months now, so we’ll be interested to see where it will ultimately find itself.

Avadel Pharma Inc. AVDL

We freshly tagged AVDL in yesterday morning’s premarket report, and while it didn’t make our heads spin, the stock did produce a solid intraday gain on our first day of tracking it.

From a low of 4.13, the stock reached a high of 5.37 on the day, which registers as a 30% upswing. We’ll continue to keep it on our watchlist as we head into midweek.

Fresh Options Ideas:
KMX Weekly $88.50-90 Calls
RH 10/25 $165-160 Puts

Extended Watchlist:
GHSI, JAG, OGEN, ALDX, OSTK