PDD Options Review, 4 Fresh Ideas

Pinduoduo Options Recap:

With the holiday season upon us, it’s going to begin to become more of a struggle in terms of our typical tactics of trading options on the heels of big name earnings reports. But rest assured, we’re still going to keep our noses to the grindstone just like we always do, looking for interesting technical setups, Form-4 alerts, big news, and more.

Yesterday’s quick strike target was the sole earnings reporter of the day to catch our fancy, Chinese online retail giant, Pinduoduo. We targeted the PDD Weekly $73-76 Calls and those contracts all posted notable intraday moves for us, and with the activity we’re seeing in the premarket, we will be expecting to have to return to these targets tomorrow to report further increases.

PDD Weekly $73-76 Calls
$73: 3.00-4.55 (+52%)
$74: 2.51-3.90 (+55%)
$75: 2.08-3.35 (+61%)
$76: 1.69-2.80 (+66%)

Fresh Options Ideas:
YY Weekly $28-29 Calls
BILI Weekly $13-14 Calls
AZEK 12/16 $17.50-15 Puts
HIBB 12/16 $65-60 Puts

Cosmos Holdings Inc. COSM – OTC Recap:

We also wanted to do another update on COSM, a stock which has been appearing in our extended watchlists regularly since October 26th. In this span of just over a month, we’ve seen an incredible run that just keeps going. From our initially observed low of .0675, the high we’ve seen in the premarket this morning at .8864 marks an astonishing 1213%

Extended Watchlist:
GSTC, WSRC, TPTW, EEGI, ZVOI, ASPI, ONCS, BABA, OTIC, APEN

Retail Recaps, Fresh Options Ideas

Holiday Week Wrap-Up:

After a restful weekend following the Thanksgiving holiday, we’re ready to hop back into the saddle, and ride out in search of opportunity once again. We’ve been a little short on earnings reporters lately, which is not atypical for the holiday season and may very well persist into the new year. We’ll continue to make do however we can, like we did on Friday with a pair of retail plays in WMT and TGT. We expect to be seeing a lot of the retail space over the next several weeks.

As for Friday’s targets for the half day, we were focused in on the WMT Weekly $150-152.50 Calls and the TGT Weekly $162.50-165 Calls. Each pair of contracts recorded one relatively nominal gain and one big, impressive multibag run for us.

WMT Weekly $150-152.50 Calls
$150: 2.00-2.73 (+37%)
$152.50: .05-.50 (+900%)
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TGT Weekly $162.50-165 Calls
$162.50: .27-1.43 (+430%)
$165: .04-.09 (+125%)

Fresh Options Ideas:
PDD Weekly $73-76 Calls
RYAN 12/16 $40 Calls

Extended Watchlist:
CLNV, GSTC, BRBL, CNNA, HLBZ, TBLA, COSM, KOLD, TALK, KTRA, NBRV, MICS

Wrapping Up a Good Holiday Week

Wednesday Options Recap:

We hope everyone enjoyed the holiday break, however you chose to spend it! We’re thankful for our long history of successful trading ideas, and for you, the readers! As we gear up for today’s half session we are, of course, going to kick things off with a rundown of the plays we alerted in our premarket report on Wednesday morning. There are no earnings reporters this morning, but we’ve got a couple of retail ideas to share.

All three of our ideas from Wednesday posted respectable intraday moves for us, and those were the ADSK Weekly $197.50-192.50 Puts, the JWN Weekly $22-21 Puts, and the DE Weekly $420-430 Calls. While the opportunities we’re eye-popping by any stretch, they were still very good for a day that is traditionally more subdued.

ADSK Weekly $197.50-192.50 Puts
$197.50: 1.70-3.20 (+88%)
$195: .80-1.76 (+120%)
$192.50: .63-1.35 (+114%)
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JWN Weekly $22-21 Puts
$22: .31-.70 (+126%)
$21.50: .14-.36 (+157%)
$21: .06-.13 (+116%)
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DE Weekly $420-430 Calls 
$420: 11.70-27.70 (+137%)
$425: 8.20-23.00 (+180%)
$430: 4.90-18.45 (+276%)

Fresh Options Ideas:
WMT Weekly $150-152.50 Calls
TGT Weekly $162.50-165 Calls

Extended Watchlist:
HYSR, MKGP, GSTC, SHWZ, WULF, STGZ, COSM, JCSE, GOEV, VEON, XGN