Month: July 2021

Solid Options Plays, Fresh Ideas & More

WD-40 Company WDFC – Options Update:  

As we close out this holiday-shortened week, we’ll start off by giving an update on the options idea we put forth in yesterday morning’s premarket report. We were looking at the WDFC 07/16 $250-270 Calls on the heels of the company’s earnings drop from the day prior.

The stock itself ran to nearly $280 before tapering back and that provided some very nice intraday gain opportunities for anyone who had caught our alert. Here are the intraday trading ranges and total possible gains on those targets:

WDFC 07/16 $250-270 Calls
$250: 20.32-26.15 (+29%)
$260: 7.81-16.67 (+113%)
$270: 4.31-8.18 (+90%)
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Fresh Options Ideas:
GBX 07/16 $40 Calls
LEVI 07/16 $29-30 Calls  

Carver Bancorp Inc. CARV – Recap:

Additionally, we want to go over the performance of CARV following its inclusion in yesterday’s extended watchlist. A short-squeeze provided an excellent intraday move for a stock in this price range.

CARV ran from 16.61 to a new high of 38.87 on the day marking an upswing of 134% on volume of over 82X the 30-day moving average!

Extended Watchlist:
GALT, AGRI, TBLT, AABB, KRFG, ASTI, AMLH, HMNU, BICB, ELRA, VOIS, INTK

SGH Options Update & More

SMART Global Holdings Inc. SGH – Options Recap 

One of our fresh options trading ideas from yesterday morning’s premarket report was in the SGH chain. It was one of very few earnings reporters on the day, and we seized upon the opportunity in signaling the SGH 07/16 $50-55 Calls for observation.

The stock broke out and traded in a daily range from 51.05 to 58.39, which provided our designated plays with plenty of intraday impetus to provide us with the following single-session profit chances:

SGH 07/16 $50-55 Calls
$50: 1.45-9.70 (+569%)
$55: .45-4.00 (+789%)

We’re certainly going to want to continue to track these targets into next week with the stock still trading well below the consensus PPS target of $69.

Fresh Options Ideas:

We’re still trudging our way through one of the most pronounced earnings dry spells in recent memory, with only one reporter catching our eye this morning, the WD-40 Co. We’ll watchlist the WDFC 07/16 $250-270 Calls.

The end of next week will mark the end of the drought, with hundreds of reporters slated for the week of the 19th.

Extended Watchlist:
CARV, ARPO, UONE, TESS, GMER, VIZC, PRPM, APYP, NEOM, AHFD, BDGR, ICOA, APTY

Multi-Bag Stock Runners & More

Reviewing Hot Stock Plays:

Our primary order of business this morning is to switch gears from options trading for just a moment in order to rehash the winning performances of recent stock calls we’ve made.

We’ve been trying to stay as occupied as possible while breaking from our typical focus on options plays due to the dearth of earnings reporters. We generally prefer to trade options directly following their quarterly figures release due to the heightened volatility it provides.

We have been making do with the opportunities that do present themselves, and we found three such opportunities in MRIN, MWWC, and PBYA. The following tables will present the date and link to our initial alert, the subsequent trading ranges, and total potential profits that were available as a result:

Marin Software, Inc. MRIN
Alerted: June 24th
Range: 2.56-27.26
Gained: +965%
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Probability Media Corp. PBYA
Alerted: June 11th
Range: .0014-.0102
Gained: +629%
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Marketing Worldwide Corp. MWWC
Alerted: July 6th
Range: .0089-.0175
Gained: +97%

Fresh Options Idea:
SGH 07/16 $50-55 Calls
BABA Weekly $212.50-215 Calls 

Extended Watchlist:
JAGX, DARE, DTST, ONCS, DPLS, RSHN, CYBL, NNRX, AURI,