Solid Options Plays, Fresh Ideas & More

WD-40 Company WDFC – Options Update:  

As we close out this holiday-shortened week, we’ll start off by giving an update on the options idea we put forth in yesterday morning’s premarket report. We were looking at the WDFC 07/16 $250-270 Calls on the heels of the company’s earnings drop from the day prior.

The stock itself ran to nearly $280 before tapering back and that provided some very nice intraday gain opportunities for anyone who had caught our alert. Here are the intraday trading ranges and total possible gains on those targets:

WDFC 07/16 $250-270 Calls
$250: 20.32-26.15 (+29%)
$260: 7.81-16.67 (+113%)
$270: 4.31-8.18 (+90%)
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Fresh Options Ideas:
GBX 07/16 $40 Calls
LEVI 07/16 $29-30 Calls  


Carver Bancorp Inc. CARV – Recap:

Additionally, we want to go over the performance of CARV following its inclusion in yesterday’s extended watchlist. A short-squeeze provided an excellent intraday move for a stock in this price range.

CARV ran from 16.61 to a new high of 38.87 on the day marking an upswing of 134% on volume of over 82X the 30-day moving average!


Extended Watchlist:
GALT, AGRI, TBLT, AABB, KRFG, ASTI, AMLH, HMNU, BICB, ELRA, VOIS, INTK

HUGE Options Success on Short Week


Johnson & Johnson JNJ 

Our coverage of JNJ options continues today as we close out this short trading week. We have been hot on the trail of this chain since last Monday, adjusting our ideas as we go, and have landed on the JNJ Weekly $140-142 Calls. Those contract sets have set new highs for us multiple times already, and yesterday’s session was no exception.

The markets went on another tear, going majorly green across the board, and that produced the following ranges and potential intraday mega-gains: 

JNJ Weekly $140-142 Calls
$140: .55-4.40 (+700%)
$141: .37-3.35 (+805%)
$142: .25-2.68 (+972%)
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SPDR S&P500 (ETF) SPY –
 We would also like to update on the SPY calls we made this Monday morning.  We signaled the Weekly $258-260 Calls, and those have made some really nice headway as well, providing for the following gain opportunities:

Weekly $258-260 Calls 
$258: 4.07-16.85 (+314%)
$259: 3.61-15.86 (+339%)
$260: 3.11-15.13 (+386%)

We will go ahead and roll up to track the SPY Weekly $274-275 Calls into the close today. 


More Options Updates 

We also generated a pair of fresh ideas for yesterday’s morning report based off of earnings, and both of those played fairly well on the day.

LEVI 04/17 $12-13 Calls
$12:.80-2.00 (+150%)
$13: .30-1.15 (+283%)

SGH 04/17 $22.50-25 Calls 
$22.50: 2.05-3.21 (+52%)
$25: .65-1.85 (+185%)


Extended  Watchlist:
USWS, TLSA, TBLT, NLS, ZSAN, RIG, MFSO


Added Note: 

We have been getting an inordinate amount of new subscribers in recent weeks, with more people at home, and still more who are simply trying to maximize their trading opportunities during this difficult time. Regardless of your reasoning for joining our ranks, we would like to offer you a big ‘Welcome to the Family’, and encourage all newcomers to take advantage of our live daily traders chats on Skype (Send contact request to “stocksumo”) 

Blue Horseshoe Stocks: SPY Recap

SPDR S&P500 (ETF) SPY

As we close out another solid week of stock and options trading, we just wanted to provide one final update on the SPY Calls we made earlier in the week. The markets dipped in the first half of the session yesterday, but recovered throughout the rest of the day.

Our idea from our premarket report on Wednesday morning of the SPY Weekly $296-297 Calls all produced double-bag intraday opportunities, and the two sets that we rolled up to include on our watchlist, the $297.50 and $298 Calls, kicked in multi-bag performances of their own.

$296 Calls – Range: .99-2.16 – Max Gain: 118%
$296.50 Calls – Range: .74-1.76 – Max Gain: 138%
$297 Calls – Range: .55-1.39 – Max Gain: 153%

$297.50 Calls – Range: .40-1.05 – Max Gain: 163%
$298 Calls – Range: .27-.77 – Max Gain: 185%

Just as there was yesterday, there may be another dip and rip chance for opportunistic traders to seize upon, so we’ll leave these plays on our radar as we finish out the week.


Extended Watchlist:
IGNG, PRPO, OSTK, TBLT, DSLV, XBIO, ZIOP, TMDI, PSTV, LVS, AMRH, NTLA, EKSO