Jumia Technologies JMIA
Our first order of business this morning is to mention the performance of JMIA after we included in yesterday’s premarket report on our extended watchlist.
This relatively new play doesn’t even have an options chain as yet, but the move made by the stock itself, especially for something in this price range, was really impressive. JMIA ran from a low of 33.10 on up to 43.50 during yesterday’s session, marking an impressive intraday rise of 31% As of this morning in the premarket, that high has risen to 50.60, and pushing our observed gain to a super solid 53%
FRESH OPTIONS IDEAS
Netflix, Inc. NFLX – Although the company downplayed its Q2 guidance in yesterday’s post-market release, NFLX still showed strong growth for the quarter, and looks to be in line for a solid finish to this four-day trading week which wraps up tomorrow in advance of Good Friday. Wre will look to possibly take advantage of the NFLX Weekly $365-375 Calls.
PepsiCo, Inc. PEP – Pepsi was among those companies reporting their quarterly earnings this morning in the premarket, and we’d like to formulate an idea there as well after the company posted a Q1 beat on profits and revs. We’re going to track the PEP Weekly $124-125 Calls into tomorrow’s close.
QCOM, TXT, CSX, SBGL, TLGT, YUMA, TBLT, ADVM
We introduced three earnings related options ideas in yesterday morning’s premarket report, each with a range of contracts in their respective chains that we found enticing.
We got fantastic results from the vast majority of the contracts we were tracking. Two of the three ideas yielded several opportunities for multi-bag intraday gains.
International Business Machines Corp. IBM
Weekly $130-134 Calls
$130 Calls – Range: 1.74-5.30 – Max Gain: 205%
$131 Calls – Range: 1.50-4.30 – Max Gain: 187%
$132 Calls – Range: .43-3.75 – Max Gain: 772%
$133 Calls – Range: .58-3.10 – Max Gain: 434%
$134 Calls – Range: .38-2.45 – Max Gain: 545%
The Procter & Gamble Co. PG
Weekly $93-95.50 Calls
$93 Calls – Range: 1.35-3.33 – Max Gain: 261%
$93.50 Calls – Range: 1.22-2.8 – Max Gain: 530%
$94 Calls – Range: .90-2.62 – Max Gain: 382%
$95 Calls – Range: .48-1.77 – Max Gain: 506%
Logitech International, Inc. LOGI
We also published a longer term options idea in our report on Tuesday morning, signaling the LOGI 02/15 $34 & $35 Calls for observation, and we’ve got an update on those plays as well, which have also turned into multi-bag runners this midweek.
The $34 Calls have thus far traded up from a low of .85 to a high of 2.40 for a gain of 182%, while the $35’s have gone from .55 to 1.65- an increase of 200% With three weeks remaining until expiration we can continue to keep an eye on these for the possibility of higher highs.
Southwest Airlines Co.
LUV Weekly $52-54 Calls
McCormick & Co. Inc.
MKC 02/15 $125 & $120 Puts
ADIL, TXT, UCTT, ROX, INO