The Sherwin-Williams Co. SHW – Review:
One of our most successful picks of the month thus far has got to be our options targets in SHW. We signaled the SHW 04/16 $246.67-250 Calls to close out the short week on Thursday morning, and provided an update on Monday. We’re swinging back around for a third time to issue another recap of the progress made by those calls.
These updated figures in our designated contracts represent the overall upswings from this past Thursday’s lows to yesterday’s new highs:
SHW 04/16 $246.67-250 Calls
$246.67: 3.50-12.50 (+257%)
$250: 1.90-10.00 (+426%)
The stock has been streaking into blue skies, so we’ll also roll up to include fresher strike points and add the SHW 04/16 $256.67-260 Calls to our radar.
UP Fintech Holding Ltd. TIGR:
Another set of ideas with an April 16th expiration, we targeted the TIGR 04/16 $17.50-20 Calls on the Friday before last, and in that span of seven sessions, we have seen two distinctive runs, which we have articulated in the results below.
TIGR 04/16 $17.50-20 Calls
Fresh Options Idea:
SCHN 04/16 $42-43 Calls
AMLH, PLYZ, IJJP, MCIC, FTEG
Our fresh options ideas in our morning report yesterday were the DRI 04/16 $135-140 Calls and the RH Weekly $510-502.50 Puts. We picked them off of the daily earnings calendar, and were met with significant gain opportunities as a result.
In the case of RH, the potential profits came shortly after 10 o’clock, and the lowest target in our selected range did not see much activity, but the chances were there nonetheless and a couple of them reached multibag status. The DRI contracts were in full-go mode, as Darden stock shot up more than ten dollars from 134.19-144.90.
DRI 04/16 $135-140 Calls
$135: 3.20-11.06 (+246%)
$140: 2.40-7.50 (+213%)
RH Weekly $510-502.50 Puts
$510: 8.64-17.28 (+100%)
$507.50: 5.23-8.60 (+64%)
$505: 4.01-10.38 (+159%)
Fresh Options Ideas:
SPY Weekly $398-399 Calls
TIGR 04/16 $17.50-20 Calls
TLS 04/16 $35-40 Calls
Golden Developing Solutions, Inc. DVLP – Recap
We included DVLP in yesterday’s extended watchlist, and the stock rose to the occasion with a very nice intraday run. We saw it jump from a low of .005, smash through the penny barrier, and go as high as .0144. That worked out to total possible gains of 188% on the day.
It also turned out to be the single highest daily volume in the entire history of the stock. With that kind of activity, we’ll certainly want to continue to reserve it a spot on our watchlist.
LTNC, LCLP, DSCR, GTEH, PRPM, MINE, DKSC, ATVK
SPDR S&P500 ETF (SPY) – Update
Our fresh options idea to kick off the new trading week yesterday utilizing the SPY started off on a good foot. It’s something we always come back to because of the predictable way it behaves and trades.
We designated the SPY 06/19 $289-290.50 Calls as our contracts of interest, and the markets’ activity played into our hands nicely, for a start. Here were the gains that were made possible on the day yesterday:
$289 Calls – Range: 1.50-2.00 – Max Gain: 33%
$289.50 Calls – Range: 1.24-1.73 – Max Gain: 40%
$290 Calls – Range: 1.00-1.45 – Max Gain: 45%
$290.50 Calls – Range: .80-1.15 – Max Gain: 196%
The SPY is gapping up once again today, and we expect all of these calls to open deep in the money and see new highs. We’re going to continue to monitor these, but also look to roll up and include the $291 and $291.50’s in our watchlist as well.
Robert Half International, Inc. RHI
We’ve got another fresh idea based on the technical setup of the RHI chart, which has been trending up off a double bottom. We see some decent volatility potential, and a topside gap to fill on the chart. This is going to be a longer term idea, which could ultimately turn into a solid recovery play.
We are going to place the RHI 09/20 $55-65 Calls on watch for the weeks and months ahead. RHI most likely wouldn’t even have to fill that gap for us to see results. A run at the 200DMA or even 50DMA would likely produce significant gains in those contracts.
KOOL, AVXL, CLVS, SHIP, NMR, ABEO, TIGR, NBEV, JAGX