Potential Bottom-Play, Options Recaps

Options Reviews: 

Our primary order of business this morning is rather typical, but we never get bored tracking winning options plays. We’ve got updates of new highs on some ideas that we were tracking in BBIO, as well as the daily figures from the fresh plays we offered up in yesterday morning’s premarket report.

We initially slated the BBIO 02/18 $12.50-15 Calls in Tuesday morning’s report , while, with yesterday’s new targets we were on the bearish side of the fence with the CALM 01/21 $37.50-35 Puts and the FCEL Weekly $5.50-5.00 Puts. Here are the total gains made by all of those plays so far:

BBIO 02/18 $12.50-15 Calls 
$12.50: 1.85-3.65 (+97%)
$15: 1.50-2.60 (+73%)
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CALM 01/21 $37.50-35 Puts
$37.50: 
.80-1.68 (+110%)
$35: .20-.50 (+150%)
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FCEL Weekly $5.50-5.00 Puts
$5.50: .35-.71 (+101%)
$5.00: .10-.29 (+190%)


Edgewise Therapeutics, Inc. EWTX – Bottom-Watch Play:

We’re also looking at EWTX for a possible bottom-bounce play in the days and weeks ahead. The stock recently got crushed down near its annual lows, and we’re going to be looking for it to hold support at $14.

We’ve drawn up a little annotated chart snapshot so you can see what we find attractive about this potential play.


Extended Watchlist:
ISIG, RELI, KPRX, FTT, CTK, CNGI, DPLS, NHMD, AXXA, SANP, USEI, PBHG, ZAAG

New Highs in CROX Calls, Fresh Ideas

Options Reviews: 

Another day, another pair of rock solid options gainers! The holiday season has brought the typical earnings dry period, but we’re still scouring for other opportunities wherever they may be found.

Our freshest hit is from yesterday morning’s report in the BBIO chain, and we signaled interest in some CROX calls this past Thursday morning. Those targets were the BBIO 02/18 $12.50-15 Calls  and the CROX 01/21 $150-155 Calls, and here are the resulting moves we witnessed following our alerts on each:

BBIO 02/18 $12.50-15 Calls 
$12.50: 1.85-3.10 (+68%)
$15: 1.50-2.15 (+43%)

CROX 01/21 $150-155 Calls
$150: 
.90-3.04 (+238%)
$155: .64-2.14 (+234%)


Fresh Options Ideas:
CALM 01/21 $37.50-35 Puts
FCEL Weekly $5.50-5.00 Puts


OTC Runners 

We’ve also got a pair of OTC stocks that we’ve been tracking that are producing some good new highs for us this week. Below you’ll find the overall moves and total possible gains on ICNM and USEI since we flagged them in our daily reports on the dates listed.

Icon Media Holdings Inc. ICNM 
Alerted: Dec. 13th
Range: .0007-.0021
Gained: +200%
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US Energy Initiatives Corp. USEI 
Alerted: Dec. 27th
Range: .0015-.0028
Gained: +87%


Extended Watchlist:
PIXY, CPOP, YGMZ, NRXP, NEW, JD, TSOI, ICTY, ABQQ, LCLP, PLYN, BORK, CGSI, ROAG

SPY Calls Rip as S&P Hits New Record Highs

SPY Rips to New Highs: 

The S&P set fresh records yesterday, so it’s a good thing we were all set with a fresh SPY options call in yesterday morning’s premarket report. We signaled interest in the SPY 12/27 $471-473 Calls, and of course those ripped for some really nice multibag intraday gain opportunities.

We’ve also got an update on one of our longer-term ideas. We alerted on the TSM 01/07 $122-124 Calls
a couple of weeks back on December 13th. and we’ve witnessed a nice run in those plays as well.

SPY 12/27 $471-473 Calls 
$471: 1.60-6.41 (+300%)
$472: .95-5.44 (+473%)
$473: .53-4.39 (+728%)
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TSM 01/07 $122-124 Calls
$122:
 .98-3.05 (+211%)
$123: .70-2.55 (+264%)
$124: .70-2.06 (+194%)


Fresh Options Ideas:
BBIO 02/18 $12-15 Calls 
MRNA 01/21 $250-260 Calls 


Extended Watchlist:
USEI, CYBL, ICNM, HDVY, RGBP, BVXV, RELI, LVO, SPRB, FTK, ICTY