Quick-Strike SPY Gains & More

SPY Puts Tack on More Gains:

On Tuesday morning, a couple days into this week’s persistent market selloff, we signaled some SPY Puts which we talked about in yesterday’s report. The SPY 05/12 $415-413 Puts had already produced multibag runs, but yesterday’s grim day for stocks helped produce further activity in our bearish contracts of interest.

Here are the new highs established by those plays during yesterday’s session, and the total moves we’ve witnessed since our alert on Tuesday morning:

SPY 05/12 $415-413 Puts
1.99-10.04 (+404%)
$414: 1.66-9.11 (+448%)
$413: 1.33-8.45 (+535%)

Fresh SPY Idea: With good jobs figures and a number of other factors, we think today may be the day that the markets shake the rust off, so we’re going to hop over to the other side of the fence and go bullish with the SPY 05/14 $406-407.50 Calls.

Unity Software, Inc. U – Recap

We also had signaled a range of earnings plays yesterday in the premarket, and it was the
U 05/21 $85-90 Calls that most effectively bucked the trend of the day.

Those targets didn’t produce massive eye-popping gains on the session, but they did record these very respectable intraday runs and gain possibilities:

U 05/21 $85-90 Calls
$85: 2.20-4.09 (+86%)
$90: 1.05-2.24 (+113%)

Fresh Options Ideas: 
XPEV Weekly $25-27 Calls
YETI Weekly $83-85 Calls 

Extended Watchlist:

2657% Gain on AMAZ!

Amazing Energy Oil & Gas, Inc. AMAZ – Another Update 
We were just mentioning our idea for AMAZ yesterday, that we initially flagged for observation at the end of April. We had also put a reminder in Monday’s extended watchlist. Despite already seeing a 1000%+ move, the stock wasn’t finished, and it put on quite a show yesterday.

The stock hit a new high of .0386, which from our observed low of .0014 less than a month ago, represents an absurd increase of 2657% which isn’t the highest, but certainly one of our top gainers of 2020 so far.

US Steel Corp. X – Options Update

We placed an options idea for the US Steel chain in yesterday morning’s premarket report on the heels of the company’s quarterly earnings drop.

Specifically, our targets were the X Weekly $8.50-9 Calls and while the gains observed weren’t eye-popping by any stretch of the imagination, they were still solid, and based on premarket activity today we expect to see these pile on even more gains at the open.

In the meantime, here’s the activity in those plays for yesterday’s session: 

X Weekly $8.50-9 Calls
$8.50: .23-.38 (+65%)
$9: .07-.12 (+71%)

Fresh Ideas:
CBRL Weekly $110 Calls
CRWD Weekly $100 Calls  

Extended Watchlist: