Solid Start to the Week, Fresh Plays

Good Start to the Week:

We put our best foot forward yesterday morning, as we commenced this four day trading week with a big selection of potential options plays. Of the six that we highlighted in our premarket report, five of them produced positive intraday movement and gave traders a chance at some pretty good gains on the session.

Our winning calls for the day were the SPY 05/30 $421-422 Calls, the AMBA Weekly $79-81 Calls, the TSLA Weekly $197.50-200 Calls, the HPQ Weekly $31-32 Calls and the HPE 06/16 $15-16 Calls. The intraday moves they made and total possible profits available were as follows:

SPY 05/30 $421-422 Calls
$421:
 .08-.52 (+550%)
$422: .03-.16 (+433%)
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AMBA Weekly $79-81 Calls
$79:
 4.90-7.10 (+45%)
$80: 4.40-7.15 (+63%)
$81: 3.95-6.30 (+59%)
_____

TSLA Weekly $197.50-200 Calls
$197.50:
 5.66-10.04 (+77%)
$200: 4.69-8.50 (+81%)
_____

HPQ Weekly $31-32 Calls
$31:
 .97-1.12 (+15%)
$31.50: .68-.76 (+12%)
$32: .59-.68 (+15%)
_____

HPE 06/16 $15-16 Calls
$15: .90-1.15 (+28%)
$16: .35-.65 (+86%)


Fresh Options Ideas:
AAP Weekly $83-80 Puts
CPRI 06/16 $37.50 Puts
FRO 06/16 $14 Puts


Cann American Corp. CNNA – OTC Recap:

We also wanted to quickly give an update on an OTC cannabis play that we flagged for observation two Wednesday’s ago on the 17th. Subsequent to that alert, we have seen as CNNA has risen from a low of .0028, and yesterday the stock hit .0128. That works out to an impressive two-week swing of 357%

Even though we focus primarily on the more exciting world of options trading these days, we always keep our scanners tuned for OTC plays that sometimes make it into our daily extended watchlists, and this has been one of the better targets for us in recent memory.


Extended Watchlist:
AITX, VENG, AIAD, AUDA, WLGS, MRKR, TRVN, VTGN, ARDS, VQS

Big Play Friday, 6-Pack of Fresh Ideas

Big Session Friday:

We’re kicking off this holiday-shortened trading week in our favorite possible fashion- by happily reporting the excellent day we had on Friday with each and every one of the options ideas we offered up in our daily premarket report. We went with a good mix of earnings reporters and weren’t disappointed with the results. No matter how many times we call a perfect slate for a given session, and it happens quite often, it’s still exciting every single time.

Our focal points for the day had been the PDD Weekly $66-69 Calls, the ULTA Weekly $445-435 Puts, the MRVL Weekly $57-58 Calls, and the WDAY Weekly $212.50-217.50 Calls. Here were the intraday runs and total possible gains they produced on the session:

PDD Weekly $66-69 Calls
$66:
 1.98-5.30 (+168%)
$67: 1.50-4.29 (+186%)
$68: 1.03-3.45 (+235%)
$69: .76-2.50 (+229%)
_____

ULTA Weekly $445-435 Puts
$445: 11.57-27.90 (+141%)
$440: 5.41-22.45 (+315%)
$435: 5.20-16.90 (+225%)
_____

MRVL Weekly $57-58 Calls
$57: 2.16-8.45 (+291%)
$58: 1.51-7.20 (+377%)
_____

WDAY Weekly $212.50-217.50 Calls

$212.50: 2.30-6.00 (+161%)
$215: 1.12-3.95 (+253%)
$217.50: .62-2.15 (+247%)


Fresh Options Ideas:
SPY 05/30 $421-422 Calls*
AMBA Weekly $79-81 Calls
HPQ Weekly $31-32 Calls
TSLA Weekly $197.50-200 Calls
NUVA 06/16 $35-40 Calls
HPE 06/16 $15-16 Calls

*Trading contracts on their day of expiration should only be attempted by experienced options traders! 


Extended Watchlist:
CNNA, LTRY, LBNKF, GEGI, DPLS, ACON, QTEK, AAIC, BEAT, LXRX, 

4 Fresh Ideas for a New Trading Week

Friday Options Recap:

It was a little bit of a subdued finish to what was an otherwise fairly exciting week of trading on Friday. We had a limited slate of earnings reporters on the day, but still formed a few ideas that managed to make some early moves. The percentage gains weren’t quite on a level that would get us overexcited, but all contracts involved did make reasonable moves, with one lone exception.

Those ideas that we were tracking were the SPB 05/19 $65-70 Calls, the TSLA Weekly $175-177.50 Calls, and the SPY 05/12 $412.50-413 Calls. Here’s how their early positive movement played out in terms of total possible gains for quick traders:

SPB 05/19 $65-70 Calls 
$70: .83-1.69 (+104%)
_____

TSLA Weekly $175-177.50 Calls
$175:
 .36-.60 (+67%)
$177.50: .38-.62 (+63%)
_____

SPY 05/12 $412.50-413 Calls
$412.50: .20-.36 (+80%)
$413: .13-.24 (+85%)
_____

We’ve also been tracking the IFF 05/19 $95-90 Puts since our report from this past Tuesday the 9th, and IFF continued to decline all week, leading to some really nice new highs in those targets:
 
IFF 05/19 $95-90 Puts
$95: 2.90-12.10 (+317%)
$90: 1.79-7.20 (+302%)


Fresh Options Ideas:
SPY 05/15 $411-412 Calls*
MNDY Weekly $145-155 Calls
SHAK Weekly $66-67 Calls
NRG 06/16 $33-34 Calls 

*Trading contracts on their day of expiration should only be attempted by experienced options traders


Extended Watchlist:
SIRI, WISZ, MGOL, ALGS, OMH, LMFA, SRPT, AABB, GMPW, SEII, HDUP