Cal-Maine Foods, Inc. CALM
We provided our readers with some bearish options ideas on CALM in our premarket report on Monday morning. We are pleased to be coming back today to update readers on the solid near term gain possibilities that idea produced.
Each and every contract in our designated range, the CALM Weekly $39-37.50 Puts, registered multibag intraday moves yesterday, giving ourselves and our readers the chance at the following gains:
CALM Weekly $39-37.50 Puts
$21.50 Puts: .45-1.42 (+216%)
$22 Puts: .30-.82 (+173%)
$22.50 Puts: .25-.65 (+160%)
$23 Puts: .10-.40 (+300%)
Fresh Options Ideas:
STZ Weekly $187.50-192.50 Calls
BYND Weekly $86-88 Calls & 01/24 $95 Calls
TCCO, JAGX, PRTO, SNSS, CTIB, RGLS, CCCL
WW International, Inc. WW – Update
To open up the last full trading week 2019 yesterday, we signaled a range of calls in the Weight Watchers options chain based on the technical setup, and to help us along at 9:15AM, just a few minutes after our reports went out, the company announced the extension of its partnership with Oprah Winfrey through 2025.
The resulting activity allowed ourselves and our readers the chance at the following intraday profits:
WW Weekly $39.50-40.50 Calls
$39.50 Calls – Range: .35-.85 – Max Gain: 143%
$40 Calls – Range: .23-.65 – Max Gain: 183%
$40.50 Calls – Range: .18-.45 – Max Gain: 150%
Fresh Options Ideas:
JBL posted an earnings beat, and we’ve picked up on some bottom buying by directors of PLCE. Here are the ideas that we will want to track in accordance with each situation.
JBL Weekly $43.50-45 Calls
PLCE 01/17 $65-70 Calls
ACHV, CFRX, SNSS, BLPH, SSL, REGI, TEUM, GES
Donaldson Company Inc. DCI
With the earnings calendar still looking a bit light following the Thanksgiving lull, we are seeing one potential opportunity showing some synergy with the current market environment.
DCI missed on earnings published this morning, while also having been exhibiting a strong double top formation (bearish signal). Along with what looks to be a strong chance of another lackluster day for the markets at large, we are going to begin tracking the DCI 12/20 $50-45 Puts.
Kodiak Sciences, Inc. KOD
We also wanted to review the epic single session performance of KOD, which we included in yesterday’s premarket extended watchlist.
The stock responded with a huge run from 35.00 to a high of 72.97. That works out to an intraday surge of 108% which is simply incredible for a stock in this price range.
Organogenesis Holdings Inc. ORGO
Lastly, we’ve got a number of factors drawing our interest to ORGO. From a technical standpoint, the stock is looking ripe for rebound off of its bottom and potential topside gap fill.
Meanwhile, an institutional insider filed a Form-4 for the purchase of $30M near the current lows. When considering the entire picture, ORGO is definitely one that we will want to observe closely in the days, and possibly weeks ahead.
ADSV, ADAP, ABIL, ABEO, AXSM, SNSS, ORTX, BRMK