Sunworks, Inc. SUNW – Update
We brought SUNW to our readers in our report on Friday morning
, and despite having already spent nearly the whole of April in a steady uptrend, the stock is still making headway here in the month of May.
From the low of 1.264 that was registered on the morning of our initial alert, the stock made its way to 1.97 yesterday, which represents a three-day upswing and total possible gains of 56% for our readers.The stock is now well into blue sky breakout territory, so there’s no telling how much higher it could go, bu we’ll certainly continue to keep an eye peeled.
Fresh Options Idea:
Electronic Arts, Inc. EA – With a solid beat on both earnings and revs, we’re looking to EA this morning on the heels of its quarterly financials drop. Expectations on future guidance from the company have also been exceeded.
We’re going to be focusing on the EA Weekly $98.50-100 Calls in response to the present conditions and activity we are observing here in the premarket.
AMPG, GNMX, PAGP, CVRS, FTFT, IDEX, TROV, HUSA
The Greenbrier Companies, Inc. GBX
The first thing that jumped out to us on this morning’s routine market scan was GBX. The only company on the earnings calendar with a market cap of more than a billion dollars, it’s also boasting an attractive bottom setup on the chart.
We’re going to tag the GBX 04/18 $30-35 Calls for observation, which gives us a couple of weeks to see more a rebound from the stock, which just began to rise off of in recent;y established 52-lows.
FRESH OPTIONS IDEAS
SPDR S&P500 ETF (SPY) Weekly $287-288 Calls
Constellation Brands, Inc. STZ Weekly $187.50 Calls
InspireMD, Inc. NSPR
We also will be placing another recently struggling stock in NSPR on bottom watch this morning. With it just having registered new 52-week lows yesterday, it would appear there may be slightly further to fall before a rebound is imminent, if we look at the indicators, but we’ll start tracking it now.
The stock was trading at twice this amount barely over a month ago, so the potential for rapidly recovery is also there.
TROV, CNET, DCAR, CRBP, KIQ
Incoming search terms:
The Boeing Co. BA – Options Update
Our first order of business this morning is to go over the fantastic options idea we formulated on Monday morning, after a massively deadly air disaster involving one of Boeing’s new model Max 8 737′s occurred over the weekend. Our targets were the BA Weekly $375-367.50 Puts, and not only did they all work, but they all exploded for huge multi-bag gains in an incredible 2-day swing of ten-to-twelve baggers!
$375 Puts – Range: 1.07-12.05 – Max Gain: 1026%
$372.50 Puts – Range: 1.00-11.00 – Max Gain: 1000%
$370 Puts – Range: .73-9.94 – Max Gain: 1262%
$367.50 Puts – Range: .72-8.59 – Max Gain: 1093%
We’re going to flip this idea on its head after learning this morning that Boeing stands to make significant gains as a result of the Trump Admin’s $700B+ DoD budget request. We’ll look to the BA Weekly $380-385 Calls.
Momo, Inc. MOMO
We never stop hitting up options chains with good ideas that allow us to see big gains in a short timespan. You could check through years of our archives and see for yourself, but simply reading our daily reports is more than enough to get the gist. The cycle doesn’t stop.
Fresh for yesterday morning’s report, we signaled our interest in tracking the MOMO Weekly $34.50-36 Calls, and those all worked out beautifully as well in just a single session.
$34.50 Calls – Range: 1.85-3.30 – Max Gain: 78%
$35 Calls – Range: 1.50-3.12 – Max Gain: 108%
$35.50 Calls – Range: 1.20-2.50 – Max Gain: 108%
$36 Calls – Range: 1.00-2.10 – Max Gain: 110%
ETFM, EVRI, MDCA, HEB, WLL, CNAT, TROV
Nutanix, Inc. NTNX – Fresh Options Idea
Today is figuring to be options heavy, with a few ideas jumping out to us here in the premarket this morning. NTNX, the first on our list, is currently exhibiting a chart setup that we’re constantly on the lookout for. We’ve got a stock rising up off of recent relative lows, with a massive gap to the upside, and a couple of our favorite buy indicators really standing out.
The RSI is attempting to come off of being egregiously oversold, while the MACD is rapidly converging toward an impending bullish cross. From the current juncture, a more pronounced rebound for NTNX looks imminent. We’re going to go ahead and signal the NTNX 05/19 $40-42.50 Calls to coincide with the present scenario.
More Fresh Ideas:
We also tirelessly look for earnings related options plays, and may have found a couple today, despite the current earnings calendar being a little on the light side.
MOMO Weekly $34.50-36 Calls
SFIX Weekly $33-35 Calls
DCAR. NKTR, TXMD, CRBP, BLIN, TROV