Michael Kors Holdings, Ltd. KORS – Options Recap
We took the opportunity to signal some KORS options yesterday in the wake of the company’s convincing earnings beat, and it was a good thing we did, because the stock had a monstrous session, running from a low of 42.71 to a high of 45.73.
That was more than enough of an intraday push to facilitate some really great gain opportunities for anyone who looked into our highlighted ideas, the KORS Weekly $41.50-43.50 Calls. Each and every contract in our specified range erupted with big time multi-bag moves on the day exceeding 1000%, which were as follows:
$41.50 Calls – Range: .31-3.97 – Max Gain: 1180%
$42 Calls – Range: .25-3.45 – Max Gain: 1280%
$42.50 Calls – Range: .20-2.65 – Max Gain: 1225%
$43 Calls – Range: .14-2.75 – Max Gain: 1864%
$43.50 Calls – Range: .13-2.25 – Max Gain: 1630%
This was certainly one of our sharpest calls and greatest plays of the entire summer so far, so cheers go out to anyone who hopped on for the ride!
Ubiquitech Software Corp. UBQU
The UBQU newsreel has been hot over the last week, wherein we learned that the company’s HempLife subsidiary was expanding its line of CBD products to include offerings for pets, and that UBQU also launched a new division that brings it into the trendy cryptocurrency space.
Along with a confluence of recent developments, we are also seeing bottom-bounce potential in the UBQU chart at the present time.The stock has essentially been getting beaten back all summer long, so we’ll want to begin watching for the possibility of a convincing rebound in the days ahead.
Extended Watchlist:
NVO, ATHM, USLV, ACHN, XTNT, NVAX, ANTH, EVRI, XXII