SMPL Update, Form-4 Alert


The Simply Good Foods Co. SMPL – 
Options Review 
.
On Thursday morning, SMPL was among the fresh options trading targets that we had mentioned in our premarket report.  We were looking specifically at the SMPL 08/21 $20-22.50 Calls.

Despite it being one of our relatively rare longer-term swing-trade ideas, with tons of time remaining until expiration, we did see some early gains right off the bat from those plays as the week drew to a close.

08/21 $20-22.50 Calls
$20: 1.50-2.20 (+47%)
$22.50: .70-1.30 (+86%)

We’ll certainly continue to have these targets on watch in the weeks and months ahead, it was good to see some instantaneous opportunity arise.
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Fresh Ideas: 
SPY Weekly $284-286 Calls 


AxoGen Inc. AXGN – Form-4 Alert

We would also like to make mention of AXGN this morning. which we caught sight of during a routine Form-4 scan. We’ve got the CEO picking up shares and adding to his already considerable position just as the stock was preparing to register new annual lows.

We generally like to put stocks in this situation on watch, and will be anxiously awaiting the company’s quarterly results due in roughly two weeks.


Extended Watchlist:
DMAN, KNOS, PCTL, OWCP, HUTMF, NBY, AVCT, EROS, CYCC, TRNX,

4-Pack of Fresh Options Ideas

Options Updates

Despite a one day disruption on Tuesday to our near-perfect trading day attendance record over the last ten years, we got right back in the saddle yesterday, and back to full strength. We highlighted some possible options opportunities in yesterday morning’s newsletter, and among those were the UNH Weekly $270-277.50 Calls & the SPY Weekly $280-276 Puts.

UNH Weekly $270-277.50 Calls
$270: 6.00-13.11 (+119%)
$272.50: 4.21-11.15 (+167%)
$275: 3.30-8.99 (+172%)
$277.50: 2.39-7.50 (+214%)
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SPY Weekly $280-276 Puts
$280: 4.76-6.51 (+37%)
$279: 4.26-5.83 (+37%)
$278: 3.82-5.30 (+39%)
$277: 3.36-4.78 (+42%)
$276: 3.01-4.29 (+43%)
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We’ve also been tracking a longer-term set of ideas in the Johnson & Johnson chain, the JNJ 09/18 $150-155 Calls. The stock has been on a steady incline since we flagged this play last Tuesday morning, leading to the following moves:

  JNJ 09/18 $150-155 Calls
$150: 2.90-9.00 (+210%)
$155: 2.27-6.70 (+195%)


Fresh Options Ideas

ABT Weekly $90-92.50 Calls
BBBY Weekly $4.50-5.50 Calls
TSM Weekly $50-52 Calls
SMPL 08/21 $20-22.50 Calls


Extended Watchlist:
SPXA, OZSC, GCAN, TLSS, GRNF, EDNT, SNGX, DYNT, XNET, VGTL

JNJ Update & More

Johnson & Johnson JNJ – Update

At the beginning of last week, upon the news of Johnson & Johnson’s coronavirus vaccine efforts, we highlighted a range of longer term calls in the options chain, and we wanted to kick things off today by relaying the performance that those have produced in a week’s time.

We highlighted the JNJ 09/18 $150-155 Calls, and they are off to a decent start. Here are the total ranges and possible gains on the pair:

09/18 $150-155 Calls
$150:
 2.90-4.40 (+52%)
$155: 2.27-3.15 (+39%)

With the markets gapping up big today, and JNJ along with them, we expect to see those gains extended at the open, and with plenty of time before expiration, the sky is the limit at this point. We are also going to venture an idea for this week alone. with the JNJ Weekly $134-137 Calls.



Fresh Options Ideas: 


SPDR S&P500 (ETF) SPY –
In the case of the SPY, which we typically use as a market analog when we want to trade on current trends, we are going to be watching Weekly $258-260 Calls AND Puts. There is a very good chance that following the surge to start this short trading week, we could also see a significant pullback. We typically don’t straddle the fence in this manner, unless the implied volatility of the markets calls for it, and it seems that is the case at the present time.
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Bonus Idea:
The Simply Good Foods Co. SMPL  04/17 $20-22.50 Calls