Yesterday’s Hitters, Today’s New Ideas

Tuesday’s Big Plays:

Things continued to go rather well for us on the options trading front yesterday. We stick our necks out to come up with quality trading ideas on a daily basis, and while it can sometimes prove challenging, we always seem to get the job done in respectable fashion. Of course it helps significantly that the markets have been especially volatile, as they have been this earnings season, to ratchet up the opportunities for daytraders. We hit on three out of the four ideas in which we were interested.

The potential plays we targeted in yesterday morning’s premarket report that went on to record big gains were the UBER Weekly $26.50-27.50 Calls, the MAR Weekly $160-162.50 Calls, and the CAT Weekly $192.50-187.50 Puts. Lets have a look at the type of intraday movement they provided for us during yesterday’s session.

UBER Weekly $26.50-27.50 Calls
 1.40-2.98 (+113%)
$27: 1.14-2.60 (+128%)
$27.50: .89-2.15 (+142%)

MAR Weekly $160-162.50 Calls
$160: 1.05-3.40 (+224%)
$162.50: .52-2.10 (+320%)

CAT Weekly $192.50-187.50 Puts 
$192.50: 4.95-9.50 (+92%)
$190: 3.40-6.87 (+102%)
$187.50: 2.20-5.15 (+134%)

Fresh Options Ideas:
PYPL Weekly $98-101 Calls
SBUX Weekly $84-86 Calls
MRNA Weekly $162.50-167.50 Calls

Extended Watchlist: 

Options Keep Winning, New Ideas

Options Review: 

In yesterday morning’s report, we followed up Friday’s flawless options interests with another clean sweep of our board. The first half of the session featured quite a bit of volatility for the markets as a whole, allowing for some pretty nice intraday swings for our designated options targets. NKE and TCOM ran into their post-market earnings. NKE beat on earnings but slipped on sales, while TCOM looks in good shape after China loosened its COVID travel restrictions. We’ll be monitoring those closely today again.

The plays we signaled interest in tracking yesterday were the NKE Weekly $113-115 Calls, the TCOM 07/15 $24-26 Calls, and the SPY 06/27 $389-391 Calls. All of those experienced noteworthy moves, and additionally, the DRI 07/15 $120-125 Calls that we flagged this past Thursday also extended its run and posted new highs, which you’ll find below. The overall moves and total possible profits so far on those plays amount to the following:

NKE Weekly $113-115 Calls
 3.00-3.80 (+27%)
$114: 2.70-3.30 (+22%)
$115: 2.30-2.95 (+28%)

TCOM 07/15 $24-26 Calls
$24: 1.50-1.90 (+27%)
$25: 1.05-1.40 (+33%)
$26: .75-1.00 (+33%)

SPY 06/27 $389-391 Calls
$389: 1.25-2.67 (+113%)
$390: .87-1.98 (+128%)
$391: .60-1.38 (+130%)

DRI 07/15 $120-125 Calls
$120: 1.85-5.20 (+181%)
$125: .80-2.51 (+214%)

Fresh Options Ideas:
SPY 06/29 $390-392 Calls
CHK 07/15 $85-90 Calls
AXSM 08/19 $35-30 Puts

Plandai Biotechnology, Inc. PLPL –  OTC Recap:

It was our report from the Thursday before last in which we most recently flagged PLPL in our watchlist. On that day the stock was trading for as little as .0007. Yesterday, PLPL ran as high as .0018, representing an increase of 157% over our observed low, and extended an unusually positive trend from many of the OTC stocks we’ve been placing on our watchlist.

Extended Watchlist: 

Blue Horseshoe Stocks: Bottom-Bouncers, Options & More

– Update

FXCM was part of the bottom-play watchlist we put together for yesterday’s premarket report, and as it turns out, we made a very timely alert on this play.

The stock did in fact begin the rebound for which we were on the lookout, trading in a daily range from 8.16 to 9.64. It represented a modest, yet notable intraday increase of 18% on more than three times its 3-month average volume. We’re going to continue monitoring FXCM for signs of a protracted resurgence.

Earthstone Energy, Inc. ESTE

Speaking of stocks trading at or near recent relative lows, we have another candidate to put on our watchlist for closer monitoring this morning. ESTE has been establishing a pattern of violent swings on the chart over the past several weeks, and recently fell off of a cliff from nearly $16 back at the end of May, to the $12-range this week.

The stock received another gut-punch yesterday as it gapped down considerably on news of an approximately $45M public offering of ESTE common stock at a price of 10.50/share (>>VIEW PR). The revelation wasn’t received well and ESTE tumbled further, to a new 52-week low.

That’s where we come in; we’re going to be keeping a close eye on ESTE in the sessions to come, not only because it is approaching heavily oversold territory on the strength index, but also due to the track record it’s built up for violent and rapid swings to the upside. We’ll be interested to track its activity into next week for the possibility of a bottom-bounce.

Lending Club Corp. LC

We also wanted to circle back around to LC this morning, a play we alerted off of its bottom on May 23rd and followed to respectable gains over the following few sessions.

After a consolidation that brought it back down close to our original alert price, the stock has strung together a few bullish sessions, and is now on the cusp of breaking past a point of previous resistance. If the stock can break through the channel between 5.07 and 5.42 (highlighted in blue), it will have a chance at filling the considerable gap on the chart.

Extended Watchlist: