Baidu, Inc. BIDU – Update
On Friday morning, we had targeted the BIDU Weekly $250-255 Calls in the wake of the company’s quarterly earnings report, and while we didn’t see all the contracts in that range heat up, there was some very nice activity and a chance for a daily profit in the $250 Calls.
Those ran from a low of .46 and impressively hit a high of 2.97 for potential intraday gains of up to 546% which ended up working out to be one of our top plays of the week.
Fresh Options Idea:
McDonalds Corp. MCD Weekly $160-165 Calls
Aqua Metals, Inc. AQMS
We most recently tagged AQMS on April 4th, and after just a slight period of consolidation the stock found support and began a recovery which has covered a good amount ground this month.
From a low of 2.11 AQMS has traded as high as 3.56, a 69% increase in a matter of just a few weeks.
ARLP, SDRL, AKAO, WPP, FDC. TEUM, ATOS, DARE
Caterpillar, Inc. CAT – Update
After having some success earlier in the week with some higher priced CAT options, we observed a course correction, and yesterday informed readers that we would be rolling our strike prices down to the CAT Weekly $143-145 Calls.
It’s a good thing that we did, too, because we saw some excellent intraday gain opportunities off of those ideas after the session commenced:
$143 Calls – Range: 1.82-5.05 – Max Gain: 177%
$144 Calls – Range: 1.49-4.20 – Max Gain: 182%
$145 Calls – Range: 1.02-3.40 – Max Gain: 233%
Fresh Options Ideas:
Chipotle Mexican Groll Inc. CMG Weekly $380-385 Calls
Facebook, Inc. FB Weekly $165-172.50 Calls
Spectrum Global Solutions, Inc. SGSI
We tagged SGSI along with its news yesterday morning, and the stock performed very well as a result. Those PRs alluded to some exciting things happening for the company, namely being awarded $1.5M in new contracts, along with a massive share reduction.
SGSI traded in a range from .0055-.0094, for a 71% rip. It was enough fuel to start the fire, now we’re going to want to continue to monitor the situation on the chance that further swing trade opportunities present themselves.
AAP, AMD, ALXN, CRK, VTVT, UCTT