Deere & Co. DE – Options Review
We were following a group of ideas in the DE options chain last week, and saw some really nice activity both before and after the Thanksgiving holiday. Despite only a half-day of trading on Friday, our targets, the Deere & Co. DE Weekly $143-146 Calls, enjoyed new highs on the day.
We mentioned to our readers that despite seeing multi-bag gains prior to the holiday, it appeared as if they were in line for further moves to the upside, and we were absolutely correct. The following figures represent our observed lows from Wednesday morning, and the subsequent ranges to Friday’s impressive new highs:
DE Weekly $143-146 Calls
$143 Calls – Range: .82-4.80 – Max Gain: 485%
$144 Calls – Range: .50-3.82 – Max Gain: 664%
$145 Calls – Range: .30-2.80 – Max Gain: 833%
$146 Calls – Range: .19-1.86 – Max Gain: 879%
To throw into contrast the kind of success we’ve had over the past few weeks with our options trading ideas, keep in mind that these gains are mild compared to some of the ones we’ve seen!
Marathon Patent Group, Inc. MARA
We slated MARA for observation a few weeks ago back on November 2nd, and at the time, we’d witness a low of 1.19 in the stock. Despite shortened holiday weeks being traditionally subdued, that did not apply to MARA last week as it streaked to some very pleasing new highs. On Friday’s short day, the stock ran all the way up to 6.04, marking an increase of 408% for the month of November.
This morning, it gapped up like crazy, seeing a high of 16.99 in premarket trading, which extended that range to a walloping 1328% The stock did come back down to Earth, but is still trading higher than Friday’s highs, so we’re very curious to see how the start to this fresh and full trading week is going to play out for MARA.
VelocityShares 3x Long Nat Gas ETN (UGAZ)
We also want to begin tracking the activity in UGAZ, a Natural Gas ETN. Not only is this Note approaching heavily oversold territory after having just set a new annual low on Friday, but we’re heading into the thick of the cold weather season, when such heating fuels go into much higher demand.
We’re already seeing a gap up this morning, and will put UGAZ on an extended term bottom watch. A hypothetical return to its prices from early this summer would approach a double-bagger on the chart from here.
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