Options Gainers Across the Board, New Ideas

Options Gainers Across the Board:

The markets were back to the doldrums yesterday, gapping down to start and never getting back above water on the session, but that didn’t stop us from scoring some decent gain chances with the options ideas in our premarket report. Not all of those potential gains were earth-shattering, but several were extremely solid, and the remainder was respectable.

We were tracking the NTES Weekly $98-100 Calls, which put forth the moderate opportunities, while the WOOF Weekly $15-16 Calls, and the ZM Weekly $91.50-93 Calls fared quite a bit better, as they logged extra large multi-bag spikes on the day. Take a look at the figures from these successful plays below:

NTES Weekly $98-100 Calls
$98:
 1.25-1.88 (+50%)
$99: .95-1.41 (+48%)
$100: .80-1.15 (+44%)
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WOOF Weekly $15-16 Calls
$15: .20-.70 (+250%)
$15.50: .15-.40 (+167%)
$16: .05-.25 (+400%)
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ZM Weekly $91.50-93 Calls
$91.50: 2.77-7.25 (+162%)
$92: 2.48-7.20 (+190%)
$93: 2.20-6.44 (+193%)


Fresh Options Ideas:
TOL Weekly $44-46 Calls
DKS Weekly $65-63 Puts
JWN Weekly $21-22 Calls 


Extended Watchlist:
IGEX, INTK, PMETF, ABML, GNCA, MICS, HAPP, ELEV, MOTS, 

Playing the SPY Like a Fiddle, Fresh Ideas

SPY Calls Surge on Market Pop:

We had just some daily SPY Calls and a longer term idea in yesterday morning’s premarket report, the latter of which isn’t really primed for an immediate update, but we most certainly came down on the right side of the fence with the SPY. The markets ripped all day long, and provided us with the catalyst for some really nice intraday gain opportunities.

We were tracking the SPY 05/23 $391-393 Calls, and all three of the contract sets contained within recorded huge multibag runs for us. The total possible daily gains were as follows:

SPY 05/23 $391-393 Calls
$391:
 2.04-6.82 (+234%)
$392: 1.58-5.81 (+268%)
$393: 1.19-5.05 (+324%)


Fresh Options Ideas:
NTES Weekly $98-100 Calls
WOOF Weekly $15-16 Calls
ZM Weekly $91.50-93 Calls


Watchlist Runners:

We saw some solid movement out of some of the plays off of yesterday morning’s extended watchlist. CBIO ran following the announcement of a $60M asset sale to Vertex, while GOVX was another stock boosted by the rising concerns over monkeypox, which has officially made its way to the US, and seems to a hot-button catalyst for related plays at the moment. .

Catalyst Biosciences, Inc. CBIO
Daily Range:
.90-1.47
Gained: +63%
_____

GeoVax Labs, Inc. GOVX
Daily Range: 1.65-2.85
Gained: +73%


Extended Watchlist:
RGBP, IGEX, PLPL, ETCG, PRCX, TONR, EVOL, TXTM, BIMI, ZVO, GFAI, BTTX, SWTX, CTEK

Strong Options Runners, New Ideas

Clean Sweep on Options::

We got back on track completely yesterday after a couple of challenging sessions, with all three of the options ideas we signaled producing opportunities for gains on the day.

We were targeting the DKS Weekly $101-104 Calls, the WOOF Weekly $17.50-18.50 Calls, and the OLPX 03/18 $15 Calls , and we swept the board as each and every contract in our designated ranges recorded positive moves.

DKS Weekly $101-104 Calls
$101:
 4.19-7.20 (+72%)
$102: 2.50-6.60 (+164%)
$103: 2.79-5.75 (+106%)
$104: 1.60-5.10 (+218%)
_____

WOOF Weekly $17.50-18.50 Calls
$17.50: 1.06-1.90 (+79%)
$18: .55-1.60 (+190%)
$18.50: .35-1.35 (+286%)
_____

OLPX 03/18 $15 Calls

$15: .40-.70 (+43%)


Fresh Options Ideas:
MDB Weekly $305-315 Calls
THO 03/18 $90-95 Calls
CRCT 03/18 $10 Puts


Nine Energy Service, Inc. NINE – Recap:

We have been tracking NINE this week beginning on Monday morning, and yesterday it posted one heck of an intraday performance that carried it to new highs for us.

Subsequent to our report on Monday morning, NINE was trading for as little as 2.14, and yesterday the stock broke out to a new high of 8.17, marking a two-day upswing of 282%


Extended Watchlist:
SBFM, DRCT, IMPP, ZEST, TCBP, AREB, MOHO, BANT, OILCF, CLNV, PGAS, HYSR, AUNXF