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Multiple Options Updates & More

WW International, Inc. WW – Options Update

First thing’s first this morning, we’re circling back to report new highs on the options ideas we formulated for the Weight Watchers chain earlier in the week. On Monday morning, we signaled interest in the WW Weekly $39.50-40.50 Calls and have seen some solid moves over the course of the week so far.

Here are the updated figures on the total possible gains in these ideas:

WW Weekly $39.50-40.50 Calls
$39.50 Calls – Range: .35-.1.20 – Max Gain: 243%
$40 Calls – Range: .23-.95 – Max Gain: 313%
$40.50 Calls – Range: .18-.65 – Max Gain: 261%

More Winning Ideas:

We also had a number of fresh ideas in yesterday’s report, and here were the instant winners out of that group:

GIS 01/17 $55 Calls
$55 Calls – Range: .10-.28 – Max Gain: 180%

FDX Weekly $155-150 Puts
$155 Puts – Range: 3.95-8.75 – Max Gain: 122%
$152.50 Puts – Range: 2.64-6.24 – Max Gain: 136%
$150 Puts – Range: 1.65-4.09 – Max Gain: 148%

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Fresh Options Ideas:
RAD Weekly $9.50-10.50 Calls
DRI Weekly $115-110 Puts

Extended Watchlist:
VTGN, TOPS, PT, OBSV, TLRA, KOPN, CTXR, RUBI, XBIO, NAKD

BIG Options Explode & More

Options Success Continues

We routinely identify fresh options trading ideas for ourselves and our readers, and the past couple of sessions have been no different than what we’ve come to expect.

Big Lots, Inc. BIG – Yesterday we reported on the success of the BIG 12/20 $22.50-27.50 Calls which we included in Friday’s premarket report and those set explosive new highs yesterday. Here are the total two-day upswings achieved by those plays:

BIG 12/20 $22.50-27.50 Calls
$22.50 Calls – Range: .96-4.57 – Max Gain: 376%
$25 Calls – Range: .20-2.46 – Max Gain: 1130%
$27.50 Calls – Range: .06-.88 – Max Gain: 1367%
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Canopy Growth Corp. CGC – We also placed the CGC Weekly $19-19.50 Calls on watch yesterday morning as a fresh idea to start the trading off with, and we’re pleased to relay the multi-bag intraday performances out of that pair of contracts. The $19 Calls ran from .42-2.54 for a daily gain of % and the $19.50’s posted a range from .35-2.11, making total gains of up to % possible on the day.

The timing on our ideas came perfectly in sync with the company’s news that it would be hiring Constellation Brands (STZ) CFO as its new CEO (>>Read More)

More Fresh Options Ideas:

Chewy Inc. CHWY 01/10 $22.50-24 Calls
Stitch Fix, Inc. SFIX Weekly $27-28 Calls
Designer Brands, Inc. DBI 12/20 $17.50-15 Puts
Conn’s Inc. CONN 12/20 $17-15 Puts

Extended Watchlist:
CLVS, TGB, VTGN, AVEO, ARAV, SAEX, DERM, NVTA

Blue Horseshoe Stocks: Fresh Options Plays

MasterCraft Boat Holdings, Inc. MCFT – Fresh Idea
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We’ve picked up on a very interesting chart shape in Mastercraft this morning. The stock was well on its way to a solid recovery after bouncing off of its bottom at the end of last month. Despite the company’s earnings beat yesterday, the stock saw a gap-down followed by another bottom bounce.

We are interested in tracking the MCFT 10/18 $15-17.50 Calls in the weeks ahead, which will work out quite nicely if the stock manages another rebound similar to the one it exhibited in recent weeks.

Overstock.com Inc OSTK – Recap

The last time we tagged OSTK was a couple of weeks ago, on the morning of August 27th. We had scored some solid opportunities with short-term options in its chain the week before, but that report was a simple tag on the stock itself.

Subsequent to that highlight of OSTK, the stock saw a low of 14.72. That was followed by seven consecutive bull sessions by the stock, including yesterday’s which sent OSTK to a new high 27.38. That works out to an upswing of 86% in the month of September alone.

Fresh Options Idea:
SPY Weekly $301-302.50 Calls*

*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds!

Extended Watchlist:
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Blue Horseshoe Stocks: IGNG Recap & More

Imaging3, Inc. IGNG

In our report on Tuesday morning, we tagged IGNG for observation, at which time we observed a low of .116 in the stock. Yesterday, following the appointment of a cannabis industry veteran consultant to the company’s LA-based cannabis and CBD subsidiary, (>>View PR). IGNG shot to .295. That’s a two-day swing of 154% , and gives us the interest to continue tracking the stock.

Please watch the following video chart on IGNG where we point out key resistance and support levels which will give you a better idea of what to expect going forward:

IGNG VIDEO CHART
(**We were not compensated in any way to produce this video or coverage on IGNG**)

Weatherford International plc WFTIQ

In the same report from Tuesday morning, we identified WFTIQ as one to watch, and it too has produced a very nice two-session gain opportunity for us.

We witnessed a low of .0198 in the stock, and it went on to see a high of .0264. That works out to a solid 33%

Zscaler Inc. ZS

Lastly, we identified some bearish options ideas for the ZS chain in yesterday morning’s report, and those produced some very nice chances for intraday profits.

ZS Weekly $51-49 Puts
$51 Puts – Range: 2.78-5.00 – Max Gain: 80%
$50 Puts – Range: 1.99-4.00 – Max Gain: 101%
$49 Puts – Range: 1.60-2.60 – Max Gain: 63%

Extended Watchlist:
SBGL, PAR, GMO, OTLK, VTGN, AU, CLVS

Blue Horseshoe Stocks: SPY Updates

SPDR S&P500 (ETF) SPY – Recap

Thanks to a solid day for the markets yesterday, the successful options idea we dropped for the SPY on Monday morning turned in yet another huge day of potential profits. We had signaled the SPY Weekly $287-288.50 Calls as our first idea of the week, and it has been one of the best ones of the year in terms of percentage gains, already having produced intraweek ranges of up to 4000%

Each of the four contract sets in our highlighted range produced further multi-bag intraday rips of the following magnitude yesterday:

$287 Calls – Range: .43-2.04 – Max Gain: 374%
$287.50 Calls – Range: .32-1.58 – Max Gain: 316%
$288 Calls – Range: .20-1.46 – Max Gain: 630%
$288.50 Calls – Range: .16-1.01 – Max Gain: 531%

We will also be watching the SPY Weekly $290-292 Calls in the event that the current momentum of the markets carries through to the end of the week.
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Fresh Options Ideas:
BURL Weekly $187.50-192.50 Calls
DG Weekly $150-152.50 Calls
NTNX Weekly $23-24 Calls

Extended Watchlist:
JBL, VTGN, MBUU, PSTV, FIVE, FSLY, GES, PHUN