SLQT’s Impressive Run Persists & More

SLQT Stock & Options Update:

Just over two weeks ago, in our report from the morning of August 31st, we caught SLQT after a director filed a Form-4 and soaked up shares at at relative bottom. Combined with the right chart setup, that’s the sort of scenario that we’ll always take a chance on, and it paid off for us.

SLQT has been making steady strides toward a recovery nearly every day since then, and our designated options targets, the SLQT 09/17 $7.50-10 Calls, which expire on Friday, have continued their rise. The stock itself has produced a solid move on the chart from a low of 9.19 on the morning of our original alert, to a new high of 14.03 yesterday. That works out to an upswing of 53% in just two weeks’ time.

As far as our highlighted options plays, we’ve already provided multiple updates, and today’s is quite impressive, with the $10’s in particular edging closer and closer to that coveted thousand percent gainer designation.

Here are the current figures on the total moves these contract sets have posted since the 31st: 

SLQT 09/17 $7.50-10 Calls
$7.50:
 1.80-6.50 (+261%)
$10: .40-3.90 (+875%)


Fresh Options Ideas:
MSFT Weekly $300-302.50 Calls
JKS Weekly $46-48 Calls
WEBR Weekly $12.50-15 Calls


Extended Watchlist:
SUWN, PGLO, MDMP, TPTW, VIZC, ICOA, DREM, EVCC, WLAN, TONR, EEGI, ATER, VVNT, SONN, BTB

Hot Options Runners, Fresh Ideas & More

Friday’s Winning Selections: 

We’re kicking things off this week the same way we always hope to do, which is presenting the excellent gain opportunities that our Friday options ideas afforded ourselves and our readers. As usual, most of our targets yielded excellent intraday gains opportunities.

The winning plays were the AFRM 09/17 $110-120 Calls, the PLAY Weekly $37-39 Calls, and the TIGR 09/17 $12.50-15 Calls, which all fared quite well on the day. We were commenting on the fact that we’re heading into another period of a relatively thin earnings calendar, but we managed to unearthed some multibag runners nonetheless.

The ranges and total possible gains on those plays were as follows:

AFRM 09/17 $110-120 Calls
$110: 3.10-17.50 (+162%)
$115: 2.00-13.50 (+193%)
$120: 1.25-10.12 (+112%)
_____

PLAY Weekly $37-39 Calls
$37: .51-1.32 (+162%)
$37.50: .21-1.00 (+193%)
$38: .14-.65 (+112%)
$39: .09-.24 (+171%)
_____

TIGR 09/17 $12.50-15 Calls 
$12.50: 1.80-3.40 (+162%)
$15: .60-1.49 (+193%)


Fresh Options Ideas:
SPY 09/13 $446-448 Calls*
APLS 10/15 $30-40 Calls

*These calls expire at the end of the session today. Please don’t dabble in options on their day of expiration unless you are an advanced level trader with access to disposable funds!


Extended Watchlist:
ATER, LPTX, BLU, HEPA, IDGC, MAXD, ALGEF, BBBT, AGGI, HRAA, TWOH, PHIL, ETST, MTRT

Friday’s Multi-Baggers, Fresh Ideas

GPS, WDAY Options Recaps:

As is our custom, we’re kicking off this new trading week by scanning back to our performance on Friday. Our longer-term calls didn’t impress just yet, but both of the quick-strike ideas we had for weekly calls did produce some nice chances for us on the day.

We were zeroed in on the GPS Weekly $27-28.50 Calls and the WDAY Weekly $255-270 Calls following the Gap and Workday’s earnings drops, and were afforded some very nice intraday gain opportunities, with only one contract set in our designated ranges falling shy of multi-bag gainer status.

GPS Weekly $27-28.50 Calls
$27: .18-.46 (+156%)
$27.50: .09-.21 (+133%)
$28: .09-.17 (+89%)
$28.50: .11-.44 (+300%)
_____

WDAY Weekly $255-270 Calls
$255:
 9.07-19.80 (+118%)
$260: 5.20-14.75 (+184%)
$265: 2.24-10.00 (+346%)
$270: .95-5.40 (+468%)

We’re not going to rule out Friday’s longer-term September Calls in HIBB from going green yet, with nearly three weeks remaining until expiration.


Fresh Options Ideas: 
LI Weekly $29-30 Calls
SPCE 10/01 $27-29 Calls


Extended Watchlist:
ASTA, BDGR, TMEB, FERN, BBIG, SPRT, ATER, GSAT, AFRM, ROOT, KPLT, SKYF, BSXGF