Foot Locker, Inc. FL
We had a group of options ideas lined up on Friday, and then the bottom proceeded to fall out of the markets, rendering our bearish idea for FL the main attraction for the day.
We designated the Foot Locker FL $38-36.50 Puts as our items of interest, and the intraday activity was good for the following gain opportunities.
Foot Locker FL $38-36.50 Puts
$38 Puts – Range: 1.30-4.20 – Max Gain: 223%
$37.50 Puts – Range: 1.10-3.10 – Max Gain: 182%
$37 Puts – Range: .85-3.10 – Max Gain: 265%
$36.50 Puts – Range: .75-2.80 – Max Gain: 273%
Fresh Options Idea:
Speaking of the market sell-off, it appears as if we may experience a dead-cat bounce today, and we will will have some SPY ideas ready for that possibility. We’ll track the
SPY Weekly $287-288.50 Calls to kick things off this week.
PaperFree Medical Solutions, Inc. PFMS
We also want to provide a brief recap of a solid OTC call we had from earlier last week. We placed PFMS on watch in our premarket report on Tuesday
, and the stock has posted quite a move over the ensuing four sessions.
From a low of .0029 on Tuesday, PFMS shot up to a new high of .0071 on Friday, marking an impressive intraweek swing of 145% With that kind of momentum, we’ll be sure to keep its slot on our watchlists reserved as we kick off another trading week.
PBIO, SOLY, FSLY, ATHX, DISH, VKTX, LIQT, AVGR
Bed Bath & Beyond, Inc. BBBY
The last time we were mentioning Bed Bath & Beyond, was back in January when the stock was trading just below $14. It’s been in a solid uptrend more recently, reaching over 19.50 yesterday. However, we’re getting a bearish feeling from the chart now, especially following the company’s earnings report for the 4th quarter yesterday postmarket.
The company came fairly close to analyst expectations on earnings, yet recorded same-store sales declines for the seventh quarter in a row as e-commerce players like Amazon continue to horn in on brick-and-mortar reliant chains.
We are going to track a bearish options idea into the end of the week for this chain, with the BBBY Weekly $17.50-17 Puts, with the stock already being down a couple of dollars from yesterday’s highs here in the premarket.
FRESH OPTIONS IDEA:
Fastenal, Inc. FAST 04/18 $62.50-67.50 Calls
VKTX, EVH, FRED, KNDI, GLG, TOPS