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SMAR Options Review, Fresh Ideas

Smartsheet, Inc. SMAR – Options Review:

First off, we’d just like to apologize for the lack of a premarket report on Friday. An untimely power outage prevented us from getting anything out to readers in time for the market open. In the past dozen years, we have missed maybe five trading days, if that, so it’s not something one should expect to see repeated anytime soon.

In the meantime, we did see some new highs in the SMAR 12/16 $35-40 Calls prior to their expiration at week’s end, which we wanted to report back on today before kicking off a fresh trading week. We have been tracking these calls since December 2nd, and here are the figures and total possible profits we witnessed over that span of roughly two weeks:

SMAR 12/16 $35-40 Calls
$35: 1.55-7.50 (+384%)
$40: .34-2.65 (+679%)

Fresh Options Ideas:
SPY 12/19 $383-384 Calls
SHOP 01/06 $36.50-37.50 Calls
AAPL 01/06 $139-141 Calls

OTC Recaps:

We’ve also got a couple of quick updates on the recent performance of a couple of the OTC plays we’ve tagged in our extended watchlists. When we left off on Thursday, we had been tracking both of these stocks for a week.

Global Developments, Inc. GDVM
Alerted: December 8th
Range: .0366-.0611 (+67%)

Performance Drink Group, Inc. PDPG
Alerted: December 8th
Range: .007-.016 (+129%)

Extended Watchlist:
CEI, MDGL, AGFY, SLNO, QUMU, HEXO, IPHA, STRY, BIEI, ZRFY, HNRC, UATG

Recapping Options Runners, Fresh Plays

Markets Rip on Monday:

We were a little light on options activity with one of the two ideas we signaled in yesterday’s report, but fortunately for us, the day was marked by a sizable surge in the markets. That not only sent our SPY 12/12 $393-394 Calls for the day on a major run, but we saw new highs in several of the December 16th Calls we’ve been tracking in other chains in recent weeks.

We signaled the SMAR 12/16 $35-40 Calls for observation on December 2nd, and both the GTLB 12/16 $45 Calls and the FERG 12/16 $115-120 Calls we targeted on the 6th. Here are the full breakdowns of yesterday’s SPY’s, and the performance of the other plays over the aforementioned date ranges:

SPY 12/12 $393-394 Calls
$393: 1.50-5.82 (+288%)
$394: .97-4.86 (+401%)
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SMAR 12/16 $35-40 Calls
$35: 1.55-5.70 (+268%)
$40: .34-1.80 (+429%)
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GTLB 12/16 $45 Calls
$45: .90-4.81 (+434%)
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FERG 12/16 $115-120 Calls
$115: 3.30-9.70 (+194%)
$120: 1.70-8.20 (+382%)

Fresh Options Ideas:
SPY 12/13 $407-410 Calls*
ORCL Weekly $82.50-85 Calls
CNM Weekly $22.50 Calls
FLNC Weekly $17.50 Calls

*Please don’t trade options on their day of expiration unless you are an experienced trader!

Extended Watchlist:
CYBL, ADHC, YCRM, PHIL, LCLP, FORZ, SOXL, JZXN, MGTA, NCPL, STRY, MRNA, OPGN, FFIE

More Sweeping Options Success

Fantastic Friday for Options Plays:

We really ended things with strength on Friday, mentioning that we had been several days without coming up with a trading idea that hadn’t yielded considerable intraday gain opportunities. With this, we also included a slate of four fresh possibilities, which all presented good moves for us during the session. Things typically tend to slow down a bit for the holiday season but for us, so far it has remained ‘full steam ahead’!

The designated trading targets from Friday morning’s premarket report, were the ZS Weekly $131 Puts, the MRVL Weekly $43.50-42.50 Puts, the ULTA Weekly $470-475 Calls, and the SMAR 12/16 $35-40 Calls. The magnitude of their gains and the total potential profits for traders were as follows:

ZS Weekly $131 Puts
$131:1.01-3.85 (+284%)
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MRVL Weekly $43.50-42.50 Puts
$43.50: .94-1.61 (+71%)
$43: .64-1.45 (+126%)
$42.50: .44-1.10 (+150%)
_____

ULTA Weekly $470-475 Calls
$470: 2.60-9.11 (+250%)
$475: .43-1.90 (+342%)
_____

SMAR 12/16 $35-40 Calls
$35: 2.00-4.20 (+110%)
$40: .60-1.37 (+128%)

Fresh Options Ideas:
BILI Weekly $22.50-23 Calls
SAIC 12/16 $110-115 Calls
SPY 12/05 $405 Calls

Cann America Corp. CNNA – OTC Recap:

We’ve also got a quick update on an OTC stock we’ve been tracking since our report this past Monday, November 28th. CNNA made a very nice run over the week, from a low of .0051 on up to .0149. That works out to an upswing of 192%

Extended Watchlist:
IOVA, NBLD, HYSR, CLNV, ASTA, SYSX, ICNM, NILIF, APSI, RCIT, COSM, KOLD, XPEV, ENSC, ZH, SXTC

Closing Out a Great Week with Strength

Thursday Options Recap:

We have been rolling right along on the options front this week, coming up with four sets of winning ideas in each of last three consecutive sessions. In our premarket report for Thursday morning, we provided readers with a varied set of potential targets to watch, and once again, all four yielded intraday gain opportunities. We are very proud to be able to come up with good ideas on a daily basis for our readers the vast majority of the time, and we certainly upheld that standard this week.

We were focused on the GIII 12/16 $17.50-15 Puts, the DG Weekly $245-240 Puts, the SPLK Weekly $83-85 Calls, and the SNPS Weekly $360-370 Calls. The markets as a whole experienced somewhat of a choppy session, but our items of interest produced the following intraday runs and profit chances:

GIII 12/16 $17.50-15 Puts
$17.50: 5.00-5.55 (+11%)
$15: 2.50-3.20 (+28%)
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DG Weekly $245-240 Puts
$245: 6.00-14.10 (+135%)
$242.50: 5.50-10.72 (+95%)
$240: 4.10-9.30 (+126%)
_____

SPLK Weekly $83-85 Calls
$83: 3.45-8.80 (+155%)
$84: 2.59-7.60 (+193%)
$85: 2.07-6.61 (+219%)
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SNPS Weekly $360-370 Calls
$360: 6.50-8.40 (+29%)
$370: 2.45-4.70 (+92%)

Fresh Options Ideas:
ZS Weekly $131 Puts
MRVL Weekly $43.50-42.50 Puts
ULTA Weekly $470-475 Calls
SMAR 12/16 $35-40 Calls

Extended Watchlist:
ASTA, PMOMF, IGEX, PRDL, PVCT, BRLL, AVXL, RIGL, SOXS, RMED, TOPS, EOSE

Friday’s Runners, Today’s Fresh Targets

Options Review:

As usual, we’re going to make our first order of business this morning, the highlighting of our options plays from Friday and what was performing. Three out of the five sets of ideas we formulated in Friday morning’s premarket report recorded notable intraday gains for us.

Those winning targets were the DOCU Weekly $190-175 Puts, the SMAR Weekly $65-70 Calls, and the MRVL Weekly $79-85 Calls. and while the gains weren’t earth-shattering, there were certainly plenty of strong intraday profit chances which could have been seized upon, to the tune of the following moves:

DOCU Weekly $190-175 Puts
$190: 35.01-58.12 (+66%)
$185: 29.82-53.30 (+79%)
$180: 24.24-42.00 (+73%)
$175: 20.04-42.97 (+114%)
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SMAR Weekly $65-70 Calls
$65: 4.60-7.24 (+57%)
$70: 3.04-4.00 (+32%)
_____

MRVL Weekly $79-85 Calls
$79: 6.53-9.00 (+38%)
$80: 5.06-8.60 (+70%)
$85: 1.53-4.50 (+194%)

Fresh Options Ideas:

The premarket earnings calendar is rather light this morning, but we did hash out some ideas with two out of the three reporters, as well as target some daily SPY Calls, as the markets appear to be gearing up to pare losses from Friday’s down session.

SAIC Weekly $85-90 Calls
DLHC Weekly $12.50 Calls
SPY 12/06 $453-454 Calls*

*Trading options contracts on their day of expiration carries higher risk, and should only be attempted by experienced traders

Extended Watchlist:
IGEN, TGHI, UAMM, AAPT, CGAC, MSNVF, LICH, TTCM