SPY Puts Explode, Other Updates, & Fresh Ideas

Options Review: 

We’re ready to kick off yet another trading week, and we’re going to start off by going over our winning ideas from Friday’s premarket report. Which is to say, all three of the ideas we put forth for our readers.

We were bearish on everything for the day and fared very well with the help of the markets tanking throughout the afternoon and into the close. Our specific targets were the NFLX Weekly $420-400 Puts, the ISRG Weekly $278.33-276.67 Puts, and the SPY 01/21 $446-444 Puts. Here are the total runs and possible gains on the day:

NFLX Weekly $420-400 Puts
$420: 
18.68-40.04 (+114%)
$415: 14.19-33.74 (+138%)
$410: 11.83-31.45 (+166%)
$405: 10.10-25.50 (+152%)
$400: 1.19-11.15 (+836%)
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ISRG Weekly $278.33-276.67 Puts
$278.33: 
3.30-7.80 (+136%)
$276.67: 2.98-6.30 (+111%)
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SPY 01/21 $446-444 Puts
$446: 1.14-8.81 (+673%)
$445: .88-7.39 (+739%)
$444: .67-6.45 (+863%)


Fresh Options Ideas:
KSS Weekly $60-62 Calls
SPY 01/24 $435-432 Puts*

*Please use extreme caution when trading options on their day of expiration. It should only be attempted by experienced traders with access to disposable funds. 


Extended Watchlist:
EXTN, BTBD, ABML, OSKA, IWAL, NXMR, SMME, MWWC, KRFG, KBLB, 

Options Update, Fresh Earnings Plays

Options Review: 

As promised yesterday, we’re swinging back around to the fresh options plays that we formulated in Wednesday morning’s premarket report. If you didn’t catch our special focus report on an exciting up-and-comer in the junior gold mining space, click here and check it out!

On Wednesday, we offered up a trio of options trading targets, those being the UNH Weekly $455-465 Calls, the BAC Weekly $46.50-48 Calls, and the SPY 01/19 $458 Calls. We ended up seeing some nice movement in those plays that day, which amounted to the following ranges and total potential profits for anyone who got involved.

UNH Weekly $455-465 Calls
$455:
11.30-17.00 (+50%)
$460: 6.40-16.50 (+158%)
$465: 3.69-12.01 (+225%)
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BAC Weekly $46.50-48 Calls
$46.50:
.43-.95 (+121%)
$47: .23-.62 (+170%)
$47.50: .12-.34 (+183%)
$48: .05-.17(+240%)
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SPY 01/19 $458 Calls
$458: .39-1.32 (+238%)


Fresh Options Ideas:
NFLX Weekly $420-400 Puts*
ISRG Weekly $278.33-276.67 Puts*
SPY 01/21 $446-444 Puts*

*Please use extreme caution when trading options on their day of expiration. It should only be attempted by experienced traders with access to disposable funds. 


Vortex Brands, Co. VTXB – Recap:

We’ve also got an update on VTXB, a stock that we tagged for observation last Thursday morning, and over the course of a week, it has performed exceptionally well for us.

From Thursday’s low of .0125, VTXB ran up as high as.0494 during yesterday’s session. With this type of momentum going, we’ll be sure to continue to monitor its activity in upcoming sessions.


Extended Watchlist:
ILUS, PHIL, AIAD, WDLF, BRBL, UNQL, BSFC, SVFD

Junior Gold Mining Company Set to Pursue Rapid Growth

EXLA Resources, Inc. (OTCMKTS:EXLA) – Special Report:

In lieu of our routine premarket report, today we want to devote our focus to something we feel has excellent potential, in EXLA. We’ll pick up where we left off tomorrow morning, but for now we don’t want to ignore this opportunity to take a closer look at this mineral resource exploration company.

We certainly like the current look of the EXLA chart and we will absolutely get to that further down the page, but first we’d like to talk about something else we find very attractive, which is the level of expertise of its directors and advisors. With many up-and-coming mineral exploration plays, the experience often isn’t there to justify a reasonable belief in its chances for success. We don’t believe that is the case with EXLA Resources, so we’ll take a brief look at the company roster to see what some of the key players bring to the table.
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Chris Lotito, CEO – With over three decades of experience in running a wide range of companies,  has been instrumental in the finding of multiple acquisitions that the company is currently  performing active due diligence evaluations. His resume includes past and current positions on the boards of five companies, and he brings the connections he’s forged along the way to EXLA as it pursues growth via multiple avenues in the resource mining space.

Ryan D. Long, VP of Corporate Development and IR – Mr. Long is a trained geologist who has been working in the mining and finance industries for over ten years. Some of the exploration, development and production outfits he’s been directly involved in include well-known companies like Barrick Gold, Anglo American and Xstrata. He’s also worked with Edison Group and Northland Capital Partners as a Mining Analyst, and previously founded a private exploration company, Taoudeni Resources, among other synergistic ventures.

Guy Lauzier, Senior Technical Advisor – Mr. Lauzier has been a mining engineer for more than 40 years, with vast experience on underground as well as open pit mining projects. Over than span, he’s been responsible for building several mineral processing plants and mines on four different continents. One would be hard pressed to find someone with more experience in the operation, engineering, and management of mineral resource claims.

Patrick Laforest, Consulting Geologist – With over 10 years’ experience in exploration and production Mr. Laforest has worked in base metal, battery metal, and precious metal exploration, development and mining projects. In addition to bringing his geological expertise to EXLA, Patrick also currently acts as a geology consultant to several mining companies
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Along with other talented individuals, the EXLA team members mentioned above are currently in the advanced due diligence stages of several promising ventures located in resource-rich Nevada, Idaho, and Arizona. The company has recently committed to providing details on these projects to the investment community in the near future, and we will be anxiously waiting to see what they’ve got cooking. Be sure to get signed up for our daily reports to receive more information as it becomes available. Just click here and get subscribed for free today! Now, on to the technical side of EXLA.
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EXLA CHART: 

As we mentioned above, we’re also looking at EXLA at a time where the chart is exhibiting high potential, as you will see on the following snapshot. The stock is coming off of a solid area of support in the low .01’s, and has had a tendency in recent weeks to run up to the .02-range, which has provided plenty of opportunity for traders.

The stock is on the verge of a bullish MACD cross and a breach of the 50-line on the RSI; both generally positive signals. In the spring and in the fall of 2021, EXLA also ran over .04, so the upside potential here is certainly present, and we’ll be sure to keep our readers apprised of its activity going forward.


For Information on EXLA, visit EXLAResources.com
and/or contact Peter Nicosia @ (585)703-6565