Yesterday, on a day when the market as a whole was faltering, we’re proud to say we managed to bring our readers several opportunities to gain in both stocks and options:
Esperion Therapeutics, Inc. ESPR- Options Ideas
ESPR turned out to be a great call for us in yesterday’s morning report. The stock itself made an impressive session-long move from a low of 82.69 up to 100.50 (+22%), resulting in some monstrous spikes for the options ideas we highlighted.
We raised a flag of interest on in-the-money Weekly Calls, and were rewarded with mega-spikes across the board:
$80 Calls – Trading Range: 4.00-20.00 Max Gain: 400%
$85 Calls – Trading Range: 2.15-14.50 Max Gain: 574%
$90 Calls – Trading Range: .70-14.50 Max Gain: 1400%
$95 Calls – Trading Range: .64-7.25 Max Gain: 1032%
Even the play we designated as a longer-term selection, the 04/17 $90 Calls, were immediately and significantly impacted, trading in a range from 3.50-14.50. That move was good for intraday gains of up to 314%
As far as our other options calls were concerned, we met with success there as well:
American Airlines Group Inc. AAL – For AAL, we zeroed in on the 04/02 $55 Calls which ended up trading up from .79, to as high as 1.11, marking a 40% intraday gain. Any other contracts that got pushed into the money would have also provided excellent opportunities for successful day-trades.
Apple, Inc. AAPL – On AAPL, we mentioned that we’d be watching the 04/02 $129 Calls and those made a healthy run from 1.25-1.80, for a chance at profit in excess of 44% on the day.
Other Standouts From Tuesday
There was significant excitement over the success of our options calls yesterday, but we still don’t want these other notable gainers from our watchlist to get lost in the shuffle:
Propanc Health Group Corp. PPCH – Trading Range: .0211-.03 – Max Gain: 42%
Microvision, Inc. MVIS – Trading Range: 3.07-3.55 – Max Gain: 16%
NovaBay Pharma, Inc. NBY – Trading Range: .56-.65 – Max Gain: 16%
Black Diamond, Inc. BDE – Trading Range: 8.45-9.84 – Max Gain: 16%
Side Note:
We are going to be sitting on the sidelines watching like hawks until we hear from Janet Yellen as the big FOMC meeting kicks off today. What she ultimately has to say will likely sway the markets one way or the other; we will wait to see which direction they’re going to go.
If the bull market remains intact, we’ll be looking to go long on SPY Calls. Should the direction be a downward one, we can entertain UVXY and/or VIX Calls. Remember: Whatever way it plays out, we’ll want to stay in-the-money with our strike prices.
Extended Watchlist:
VTSS, RTRX, ATNM, RXDX, AEZS, ZQK
