Another Fruitful Options Trading Week on the Books

Options Round-Up:

We try extremely hard on a regular basis to search for, and point out, options trading ideas that we think may have a chance to be successful plays for our readers. It has become the primary focus of our typical daily activities, and for good reason. We excel at it more often than not, and despite going through a period with a relatively meager earnings calendar, we have still managed to keep things going on that front.

Yesterday we formulated a four-pack of fresh options targets and three of those turned in some very nice gain chances for the day. Our winning picks were the CCIV Weekly $25-26 Calls, the DRI 07/16 $140-145 Calls, and the EXPI 07/16 $40 Calls.

Here were the intraday moves and total possible profit chances they attained:

CCIV Weekly $25-26 Calls
$25: .57-1.36 (+139%)
$26: .22-.66 (+200%)
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DRI 07/16 $140-145 Calls
$140: 2.71-4.30 (+59%)
145: 1.25-2.18 (+74%)
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EXPI 07/16 $40 Calls
$40: 1.85-2.65 (+43%)


Fresh Options Ideas:

We actually do have a few good earnings reporters this morning, with NKE and KMX drawing most of our attention. We’ll also venture a few targets for the SPCE chain following the FAA’s approval of its planned commercial sub-orbital flight business.

NKE Weekly $149-152.50 Calls
KMX Weekly $125-127 Calls
SPCE Weekly $45-49 Calls 


Extended Watchlist:
GRVI, FFHL, PSFE, OSMT, TXTM, APTY, SUWN, GNCP, MMATF, WSRC, LTNC, BRZV, DLOC

Wrapping Up a Solid Short Trading Week

Options Updates:

We have been tracking a number of options ideas with a June 18th expiration over the past week. Yesterday morning, we signaled interest in the ESTC 06/18 $125-135 Calls, and those went on to put up a nice performance on the day.

It was in Monday morning’s premarket report that we added CAN 06/18 $7.50-10.00 Calls, and we added some gains to our observed totals yesterday as the stock set a new high on the day.

ESTC 06/18 $125-135 Calls
$125: 4.95-7.60 (+54%)
$130: 2.90-4.60 (+59%)
$135: 1.20-2.85 (+137%)
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CAN 06/18 $7.50-10.00 Calls
$7.50: 
1.71-4.15 (+143%)
$10: .60-2.17 (+262%)

We have had some excellent success in our options speculation of late, and will continue to keep watch over all the June 18th targets we have designated, as well as keeping our eyes peeled for further quick-strike opportunities.


Fresh Options Ideas:
LULU Weekly $317.50-322.50 Calls*
DOCU Weekly $205-210 Calls*
MDB Weekly $280-287.50 Calls*

*Please be advised that trading ‘weekly’ options contracts on a Friday carries an elevated risk, and should only be attempted by seasoned traders!


Extended Watchlist:
NCTY, WINT, SENS, LEDS, SLRX, AEMC, TXTM, KATX, PJET, INKW, UNDR, 

WGO Options Target Yields 6700% Gainer

Schnizter Steel Industries, Inc. SCHN – Review:

In yesterday morning’s premarket report, our lone fresh options idea was an earnings based target in the SCHN chain, the SCHN 04/16 $42-43 Calls, submitted on the heels of the company’s Q2 earnings report.

We were met with a choppy day for the markets as a whole, but that didnt stop SCHN from providing us with the firepower to make some very respectable intraday gains.

Here are the figures on the ranges and total possible profits on these plays subsequent to our premarket alert: 

SCHN 04/16 $42-43 Calls
$42: 1.10-2.11 (+92%)
$43: .75-1.60 (+113%)


Winnebago Industries, Inc. WGO – Recap:

We’ve also seen an incredible move out of the WGO idea thatg we put forth a couple of weeks back. It was on March 24th that we initiated our idea on the WGO 04/16 $80-85 Calls. The very next day, WGO began an ascent up the chart that has persisted all the way through this week.

As a result, our ideas, and particularly the $80 Calls, have exploded in a huge way. With a percentage increase of over six thousand, those calls have become one of our best calls of this year so far!

WGO 04/16 $80-85 Calls
$80: .05-3.40 (+6700%)
$85: .37-1.13 (+205%)


Fresh Options Idea:
STZ Weekly $322.50-227.50 Puts 


Extended Watchlist:
TXTM, INND, IRNC, SPQS, FBCD, NUUU, ADHC, MTRI,