Tiffany & Co. TIF – Options Update
We caught TIF in the wake of its premarket earnings beat yesterday morning, and summarily issued a quick-strike options trading idea to correspond with the resulting activity.
The range we signaled was the TIF Weekly $71-74 Calls, and, as has become a common occurrence for us, we saw each and every set of contracts yield multi-bag, single-session gain opportunities.
$71 Calls – Range: 1.49-3.51 – Max Gain: 136%
$71.50 Calls – Range: 1.00-2.70 – Max Gain: 170%
$72 Calls – Range: .86-2.92 – Max Gain: 240%
$72.50 Calls – Range: .60-1.36 – Max Gain: 127%
$73 Calls – Range: .27-1.60 – Max Gain: 493%
$73.50 Calls – Range: .24-1.13 – Max Gain: 371%
$74 Calls – Range: .10-.49 – Max Gain: 390%
Caution: In the event that chances remain to milk these plays even further today, just remember the extreme high-risk nature of trading weekly options on a Friday.
Xtera Communications, Inc. XCOM
Yesterday, we were looking for XCOM to continue the rebound it had begun in the previous session, and the stock did end up making a couple of nice intraday swings en route to closing near its high-of-day.
Our criteria for being interested in this play was simply that it hold support above yesterday’s premarket low of .60, and that wasn’t a problem for XCOM.
The first swing the stock underwent began to occur right from the outset, and took it from the daily low of .683 up to .879 for a 29% move, followed by a dip to .735 and subsequent push back to .86, tacking on another 17%
Weyland Tech, Inc. WEYL
We first began tracking WEYL roughly five weeks ago, at which time we witnessed a decent run from a low of 2.10 on up to 3.03, a gain of 44%
After that, the stock experienced a short consolidation period wherein it found its way down to 1.77, before beginning a bounceback period that has lasted the better part of the last three weeks. Yesterday, a new high of 3.31 was reached, marking a swing of 87%
Our interest in tracking WEYL will continue provided it maintains support off of the previous resistance at 3.00.
The app development sector is a trendy space at the moment, and WEYL’s focus in Asia, where there are more mobile devices than anywhere else in the world, is its CreateApp platform that allows users to create their own mobile apps with no development knowledge whatsoever. (>>View Website)
Extended Watchlist:
FPVD, FMYR, FRFS, HCTI, AXPW
