Elite Options Plays & More

Continued Options Success: 

It has been an incredible week of options trading success for the plays we’ve discussed in our newsletters. Landmark gains have been falling our way all week long, with very few exceptions.

After a 4-for-4 Wednesday, we submitted three ideas for yesterday’s premarket report, and made it a 3-for-3 Thursday! Our targets were the BBY Weekly $117-119 Calls, the DG Weekly $197.50-202.50 Calls, and the WSM 06/18 $175-180 Calls.

Here are the potential gains made possible by that clean sweep of hot ideas:

BBY Weekly $117-119 Calls 

$117: 1.15-3.50 (+204%)
$118: .76-2.81 (+270%)
$119: .50-1.87 (+274%)
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DG Weekly $197.50-202.50 Calls
$197.50: 
5.58-9.78 (+74%)
$200: 3.50-7.86 (+125%)
$202.50: 2.00-5.56 (+178%)
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WSM 06/18 $175-180 Calls
$175: 2.39-4.95 (+107%)
$180: 1.50-3.75 (+150%)
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Fresh Options Ideas:
ULTA Weekly $335-345 Calls*
CRM Weekly $232.50-237.50 Calls*

*Please don’t trade weekly options on a Friday unless you are an experienced trader with access to disposable funds! 


Peloton Interactive, Inc. PTON:

On Monday morning, we furnished our readers with both a weekly and a longer-term set of ideas for PTON. Those were the PTON Weekly $101-103 Calls and the PTON 06/11 $105-107 Calls.

We have seen some simply incredible gains this week off of these ideas, which stand out as some of our top picks of the entire week:

PTON Weekly $101-103 Calls
$101: 1.30-11.85 (+812%)
$102: 1.00-10.90 (+990%)
$103: .76-9.50 (+1150%)
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PTON 06/11 $105-107 Calls
$105: 2.17-9.17 (+323%)
$106: 1.88-8.53 (+353%)
$107: 1.79-7.60 (+325%)


OTC Recaps:

We’ve also got a couple of updates on the performances of some OTC plays we’ve been tracking. We started tagging EEGI heavily beginning on April 26th and several times thereafter, including yesterday, and it nearly breached the penny barrier. NSPT is a newcomer to our reports as of Monday, and it has fared quite well so far.

Eline Entertainment Group, Inc. EEGI
First Alert: 04/26
Subsequent Range: .0005-.0097
Total Possible Gain:+1840%
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Newron Sport, Inc. NSPT
First Alert: 05/24
Subsequent Range: .0033-.0086
Total Possible Gain:+161%


Extended Watchlist:
TAWNF, AAPT, GMER, RGST, CBYI, VIZC, EFIR, GMPR, WSGF

Options Ideas, Potential Swing Trade

Options Review: 

This morning, we’re swinging back around to the fresh options ideas we offered up in Wednesday morning’s premarket report. With the markets getting choppy over the tech selloff, not to mention the US airstrikes in Syria, our timing in going bearish on SQ and TJX was fortuitous.

Our specific short targets were the SQ Weekly $250-245 Puts and the TJX Weekly $69.50-68 Puts, and in both cases, we turned up multibag upswings to finish out another solid trading week. Here were the ranges and total possible gains on those contracts subsequent to Wednesday’s alerts:

SQ Weekly $250-245 Puts
$250:
 7.54-26.01 (+245%)
$247.50: 5.95-22.00 (+270%)
$245: 4.45-20.58 (+362%)
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TJX Weekly $69.50-68 Puts
$69.50: .50-3.75 (+650%)
$69: .37-2.72 (+635%)
$68.50: .45-1.95 (+333%)
$68: .21-3.74 (+1680%)
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Fresh Options Ideas*:
DKNG Weekly $58-59 Calls
ABNB Weekly $185-190 Calls

*Please do not attempt to trade options with a weekly expiration on Friday unless you are an advanced level trader with access to disposable funds! 


EHang Holdings Ltd. EH

We also want to quickly throw up a signal on an interesting Chinese Aerospace & Defense play, EH, which looks attractive from a technical standpoint.

The stock has been feeling out a bottom after consolidating off of an epic run, and could go into recovery relatively soon. Provided EH can hold at or above the $30-40 range on any further pullbacks, we would like it for a possible swing trade candidate.


Extended Watchlist: 
WOFA, VIZC, MDCN, RNVA, CCTL, QPRC, AWGI, OPMZ