The Walt Disney Co. DIS
The first thing on the menu this morning is to take a look at Disney on the heels of ESPN+ securing US broadcast rights to Bundesliga soccer from 2020 to 2026.
The stock is already exhibiting a fairly solid double bottom formation. What we want to see is DIS holding above the 200DMA of 125.98, and if it can manage that, we’re going to be very interested in the DIS 11/08 $133-136 Calls.
Atreca, Inc. BCEL
We also want to radar BCEL, which is a bottom-play candidate for us as we kick off this fresh trading week. The stock nearing the 3-month mark since its IPO, and is not trading far off of its records lows at the moment.
We’re going to want to keep an eye on this play for a potential reversal ion the days and weeks ahead. The stock had a swing of over 100% last month near these levels, so we will be interested to watch and see if it can repeat itself.
FOSL, PAGP, BBBY, ACST, MGI, NEPT, SAEX, DF, KOOL
SPDR S&P500 (ETF) SPY
As we close out another solid week of stock and options trading, we just wanted to provide one final update on the SPY Calls we made earlier in the week. The markets dipped in the first half of the session yesterday, but recovered throughout the rest of the day.
Our idea from our premarket report on Wednesday morning of the SPY Weekly $296-297 Calls all produced double-bag intraday opportunities, and the two sets that we rolled up to include on our watchlist, the $297.50 and $298 Calls, kicked in multi-bag performances of their own.
$296 Calls – Range: .99-2.16 – Max Gain: 118%
$296.50 Calls – Range: .74-1.76 – Max Gain: 138%
$297 Calls – Range: .55-1.39 – Max Gain: 153%
$297.50 Calls – Range: .40-1.05 – Max Gain: 163%
$298 Calls – Range: .27-.77 – Max Gain: 185%
Just as there was yesterday, there may be another dip and rip chance for opportunistic traders to seize upon, so we’ll leave these plays on our radar as we finish out the week.
IGNG, PRPO, OSTK, TBLT, DSLV, XBIO, ZIOP, TMDI, PSTV, LVS, AMRH, NTLA, EKSO
Nike Inc. NKE
The first of two fresh options ideas submitted in our report in yesterday’s premarket, our NKE targets provided us with some good opportunities early on in the session.
It was the NKE Weekly $89-91 Calls, and despite low volume in the $90.50’s, the rest of those targets worked out just fine. Here are the total possible intraday gains that were on the table.
$89 Calls – Range: 1.69-2.69 – Max Gain: 59%
$89.50 Puts – Range: 1.32-2.06 – Max Gain: 56%
$90 Calls – Range: .99-1.77 – Max Gain: 79%
$91 Calls – Range: .55-1.10 – Max Gain: 100%
SPDR S&P500 (ETF) SPY
By now, our regular readers should know that the SPY is often our go-to target for on-the-fly options ideas. It’s a market analog that has rarely failed us in the past.
Yesterday’s idea of the SPY Weekly $296-297 Calls was no exception to this. Here are the single-session gins that were possible with these ideas.
$296 Calls – Range: 1.06-2.70 – Max Gain: 155%
$296.50 Puts – Range: .85-2.32 – Max Gain: 173%
$297 Calls – Range: .67-1.95 – Max Gain: 146%
The SPY is gapping up again this morning. We’d expect to see these gains extended, and will expand our track list to include the $297.50 and $298 Calls as well.
Fresh Options Ideas:
KBH Weekly 10/18 $32-33 Calls
PIRS, AREX, EYRN, DHT, STNG, GMO, VBIV