Another Elite Trading Week on the Books

Another Clean Sweep on Options:  

Looking back on our performance from this week, it’s tough to imagine doing any better than we have with our daily options plays. The ones we included in yesterday morning’s premarket report fared quite well, and sent us into the end of another excellent week with barely a blemish on our record. We offered up five possibilities for our readers, and all five produced significant positive intraday movement.

Those were the NVDA Weekly $497.50-502.50 Calls, the SNOW Weekly $157.50-160 Calls, the SPLK Weekly $111-113 Calls, the ADSK Weekly $215-220 Calls, and the SPY 08/24 $443-444 Calls. As usual, here we have the rundown of their performance on the session:

NVDA Weekly $497.50-502.50 Calls
$497.50:
1.35-3.74 (+177%)
$500: .95-3.05 (+221%)
$502.50: .72-2.41 (+235%)

SNOW Weekly $157.50-160 Calls
$157.50: .20-.53 (+165%)
$160: .145-.24 (+66%)

SPLK Weekly $111-113 Calls
$111: 2.59-3.85 (+49%)
$112: 1.84-3.30 (+79%)
$113: 1.30-2.60 (+100%)

ADSK Weekly $215-220 Calls
$215: .49-1.20 (+145%)
$217.50: .24-.60 (+150%)
$220: .11-.27 (+145%)

SPY 08/24 $443-444 Calls
$443: 1.49-2.51 (+68%)
$444: .90-1.80 (+100%)


Fresh Options Ideas:
ULTA Weekly $425-427.50 Calls*
AFRM Weekly $14-15 Calls*
HIBB 09/15 $40 Calls

*Trading contracts on their day of expiration should only be attempted by experienced traders


Winning Wednesday, New Big Name Earnings Plays

A Winning Wednesday:  

We continued to make our job look easy on  Wednesday, once again offering up a chunky slate of potential options ideas in our morning report. He formulated possible targets in five options chains, and met with some very nice results for the day.  Of course, a nice selection of daily earnings reporters always helps with that. In case some of our readers hadn’t picked up on that yet, we love using the volatility that results when these megacap companies drop their reports. We’ve got another nice calendar for this morning as well.

As for yesterday’s five targets, all of which posted good intraday moves, we had the TOL Weekly $76 Calls, the URBN Weekly $35-36 Calls, the ADI Weekly $167.50-165 Puts, the WSM Weekly $125-126 Calls, and the LANC Weekly $180-175 Puts.


TOL Weekly $76 Calls
$76:
2.35-4.00 (+70%)
_____

URBN Weekly $35-36 Calls
$35: .30-.50 (+67%)
$36: .07-.15 (+114%)
_____

ADI Weekly $167.50-165 Puts
$167.50: .09-.14 (+56%)
$165: .05-.10 (+100%)
_____

WSM Weekly $125-126 Calls
$125: 4.40-15.75 (+258%)
$126: 3.91-14.83 (+279%)
_____

LANC 09/15 $180-175 Puts
$180: 14.98-15.88 (+6%)
$175: 10.69-12.60 (+18%)


Fresh Options Ideas:
NVDA Weekly $497.50-502.50 Calls
SNOW Weekly $157.50-160 Calls
SPLK Weekly $111-113 Calls
ADSK Weekly $215-220 Calls
SPY 08/24 $443-444 Calls*

*Trading contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
WEN, AGTI, AMC, OPRX, PTON, FL, 

Recent Options Movers & More

Recent Runners:

With no earnings plays to work with, it was a pretty rough outing yesterday to kick off the week. We didn’t see immediate chances for returns on the few options ideas we selected, leaving us in anticipation of another earnings season to begin its return next week. We’ll keep the plays we highlighted yesterday on the radar as always, but for this morning’s report, we’ll just focus on some other longer-term ideas we recently formulated, and the progress they’ve managed since then.

We flagged the EVGO 08/18 $4-5 Calls last Monday the 3rd, and the SNOW 08/04 $170-165 Puts we signaled on Friday morning, and have seen some reasonably solid swings from them.

EVGO 08/18 $4-5 Calls
$4: 
1.40-2.39 (+95%)
$5: .04-.10 (+150%)
_____

SNOW 08/04 $170-165 Puts
$170: 
6.98-12.52 (+79%)
$165: 5.19-9.70 (+87%)


Fresh Options Ideas:
SPY 07/11 $439-441 Calls*
INTU Weekly $460-465 Calls
WDFC 07/21 $200-210 Calls
PSMT 07/21 $75 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders


T2 Biosystems, Inc. (NASDAQ:TTOO)

We’ve also seen quite an impressive multibag run from TTOO, which we began tracking in our report from the morning of June 22nd. Over these past few weeks we’ve witnessed the stock rise from a low of .066 to as much as .1894 in the premarket this morning. That works out to a gain of 187%


Extended Watchlist:
GDTC, DFLI, BTTX, CING, CRKN, ABOS, TCBP, NSAV,  CAVR