We’re going to start out this morning by going over some recent extended term options ideas we’ve had and the success they’re enjoying after Friday’s market rebound from Wednesday’s big dip. We are also seeing the makings of a continuation of Friday’s momentum today, so we expect to see the gains listed on our ideas to below to be expanded with another bullish session.
Agilent technologies, Inc. A – Our timing with Agilent couldn’t have been much better, citing the A 9/20 $65-70 Calls as our area of interest on Wednesday. The recovery that would follow for stocks in general would help push those targets to some extremely solid intraweek runs.
$65 Calls – Range: 3.50-6.71 – Max Gain: 92%
$67.50 Calls – Range: 2.30-4.48 – Max Gain: 95%
$70 Calls – Range: 1.35-2.80 – Max Gain: 107%
Boeing Corp. BA – We have been tracking a range of Boeing calls since early this month, signaling our interest in the BA 09/06 $340-350 Calls on the morning of August 5th. We’ve seen some pretty good activity from four out of those five sets of contracts, and will continue to monitor for further gains as we mentioned above.
$340 Calls – Range: 2.80-4.64 – Max Gain: 66%
$342.50 Calls – Range: 2.10-3.70 – Max Gain: 59%
$345 Calls – Range: 1.08-2.85 – Max Gain: 164%
$347.50 Calls – Range: 1.60-2.35 – Max Gain: 47%
SPY Weekly $290.50-291.50 Calls
CPST, REKR, BGG, RVLT, NOVA, AXSM, WB, JAGX, VRAY, INPX
CSX Corp. CSX – We highlighted some fresh options ideas in yesterday morning’s premarket report and CSX turned out to be the prime target out of the bunch. We designated the CSX Weekly $77-76 Puts as our contracts of interest, and those ended up producing some respectable chances at intraday gains.
$167.50 Puts – Range: 3.53-6.75 – Max Gain: 91%
$170 Puts – Range: 3.21-6.00 – Max Gain: 87%
$175 Puts – Range: 2.54-5.85 – Max Gain: 130%
Abbott Laboratories, Inc. ABT –
Another of the targets we selected based on yesterday’s premarket earnings reporters was ABT. Our contract of interest was the ABT Weekly $83.50 Calls, and we’re pleased to report that those returned a multi-bag single session run.
Those calls ran from a low of 1.34 and subsequently reached 3.75, which was good for an intraday gain of 180%
JB Hunt Transport Services Inc. JBHT – On Tuesday morning, we signaled the JBHT Weekly $95-100 Calls as a potential play, and in addition to makling a 100% move for us on that day, yesterday brought even more solid gain opportunities. The $95 Calls ran from .65-3.30 for a walloping 408% while the $100’s took of from .05-.35, marking an incredible 600% rip in a single day!
eBay Inc. EBAY Weekly $40-41 Calls
Novartis NVS Weekly $92.50-95 Calls
Overstock.com, Inc. OSTK $18.50-19 Calls
RVLT, AMR, INSG, DSS, AUMN, CRMD, YOGA
Five Below Inc. FIVE
Fresh for yesterday morning’s premarket report, we jumped on the FIVE options chain with some quick-strike ideas in the FIVE Weekly $125-127 Calls and after an impressive $5+ intraday run for the stock itself, all three of those ideas bore fruit instantly. We wanted to recap the performance this morning, as well as update our idea for this play.
$125 Calls – Range: 2.40-5.00 – Max Gain: 108%
$126 Calls – Range: 2.18-3.30 – Max Gain: 51%
$127 Calls – Range: 1.64-3.00 – Max Gain: 83%
With FIVE gapping up again in the premarket today, we expect to see further gains from the above-mentioned contract sets, but we also want to roll up our potential strike prices a bit to follow the money a little closer. We’ll include the FIVE 04/05 $128-129 Calls in our pool of ideas going forward.
BlackBerry Ltd. BB – Fresh off of the scanner this morning, we’ve got BlackBerry making waves in the premarket after a solid beat on revs and profits, in a quarterly release that included record software IP licensing. We’re going to keep an eye on the BB Weekly $9-10 Calls*.
CarMax, Inc. KMX – CarMax also reported this morning, and it too is moving the needle in the premarket on the heels of a beat on profits. We’re going to add the KMX Weekly $65.50-67 Calls* to our tracklist for today as well.
*DO NOT attempt to trade weekly contracts on a Friday unless you an advanced level trader with access to disposable funds!
COBI, RVLT, PIXY, TGTX, AWSM, ACET, AMRS