GFS Calls Post 1100% Gainer, Fresh Plays

Options Review:

Things took an unexpected turn for the markets yesterday, with all premarket signs pointing to a lackluster day, but the session itself turning out to be generally bullish. The result was an added push for the bullish play on our radar, while the bearish ones fell by the wayside.

We’ll recap the daily performance of those YOU Weekly $30 Calls, and we also want to include a couple of updates on two sets of longer-term plays that we added into the mix last Tuesday. On the morning of the 8th, we signaled interest in the GFS 08/19 $60-65 Calls, and the XOM 09/02 $95-96 Calls
and both of those have turned out to be excellent ideas, posting the following huge runs over the past week:

YOU Weekly $30 Calls
$30: 
.15-.40 (+167%)
_____

GFS 08/19 $60-65 Calls
$60: .80-6.40 (+700%)
$65: .22-2.80 (+1173%)
_____

XOM 09/02 $95-96 Calls
$95: .80-2.58 (+222%)
$96: .90-2.06 (+129%)


Fresh Options Ideas: 
WMT Weekly $136-138 Calls
HD Weekly $315-312.50 Puts
GLBE Weekly $30 Calls


Extended Watchlist:
INKW, WPUR, INTK, TVPC, DPLS, ONCI, MEGL, FRZA, AMTD, GBOX, TGL, EMBK, IZEA, DNA

Recap Of Friday’s Winners, New Ideas

Friday’s Big Runners:

Leading into Friday morning’s premarket report, we had already had one heck of a with respect to our daily options ideas. We closed things out on Friday with three ideas for the session, and once again we were met with good fortune in everything we put on our radar.

The targets we offered up for potential trades were the SPY 08/12 $420-421 Calls, the ILMN Weekly $200-195 Puts and the RIVN Weekly $38.50-39.50 Calls. The markets had an extremely bullish session, so our SPY Calls were the standout gainers, but our other interests also provided some really nice multibag gain opportunities on the day:

SPY 08/12 $420-421 Calls
$420:
 1.90-7.41 (+290%)
$421: 1.29-6.00 (+365%)
____

ILMN Weekly $200-195 Puts
$200: .50-1.09 (+118%)
$197.50: .40-.60 (+50%)
$195: .20-.43 (+115%)
_____

RIVN Weekly $38.50-39.50 Calls
$38.50:
 .52-2.05 (+294%)
$39: .38-1.66 (+337%)
$39.50: .30-1.22 (+306%)


Fresh Options Ideas
YOU Weekly $30 Calls
WES Weekly $29-28 Puts
LI Weekly $32-31 Puts


Extended Watchlist:
CUBV, PDPG, GEGI, ELEK, HVCW, GSFI, TVPC, TISI, PSTV, UBX, VEE, HLBZ, BBBY

Blue Horseshoe Stocks: Cannabis News Play & More

Stereo Vision Entertainment SVSN

We had SVSN hit our scanner this morning after we noticed an interesting PR coming across the wires. We’re always looking for new interests in the cannabis space, and SVSN fits that bill. Unlike many of the companies in the business conduct their activities primarily in the western states, SVSN has an operation in Florida.

The company just announced a February 1, 2018 Grand Opening of its majority owned subsidiary CannaVision’s Bay Pines medical cannabis and holistic pain management clinic in St Petersburg, Florida. (>>View PR)

We’ll be interested to track the progress of this new facility, and SVSN stock itself going forward.


SPDR S&P 500 ETF (SPY)

We also want to throw in a quick options idea for the SPY, which despite a momentary hiccup in its week’s-long bullish trend yesterday, looks to be gapping up and ready to get back on track today. There are a set of contracts expiring today that we want to radar: the SPY 01/17 $277.50-279 Calls*.

Please be aware that contracts approaching expiration are subject to evaporating premiums due to time decay, so these are quick-strike opportunities only. We’ll be looking for the classic early dip and rip pattern, which should present those chances for intraday flips.

*Be aware that this idea is extremely high risk, and for advanced level traders only!


Extended Watchlist:
TVPC, DDD, MITK, ADAP, ARGS, IOVA