Tag: ATI

Tuesday’s Perfect Performance, Fresh Plays

A Perfect Day for Options:

After an admittedly disappointing outing on Monday, we bounced back yesterday morning with a vengeance. We gathered ourselves quickly and issued four new potential trading ideas in our premarket report, and were not displeased with the results. We got right back to our winning ways, as all four of our designated targets recorded nice intraday moves for us.

Our new interests were the SPY 07/11 $439-441 Calls, the INTU Weekly $460-465 Calls, the WDFC 07/21 $200-210 Calls, and the PSMT 07/21 $75 Puts. The gain chances they afforded us ranged from pretty darn good, to astounding, as you can see below:

SPY 07/11 $439-441 Calls
$439: 1.06-3.83 (+261%)
$440: .56-2.95 (+426%)
$441: .16-1.95 (+1118%)
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INTU Weekly $460-465 Calls
$460: 4.00-7.10 (+78%)
$462.50: 3.30-6.30 (+91%)
$465: 4.00-4.70 (+18%)
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WDFC 07/21 $200-210 Calls
$200: 8.40-32.46 (+286%)
$210: 3.20-26.10 (+715%)
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PSMT 07/21 $75 Puts
$75: .16-.80 (+400%)

Fresh Options Ideas:

After today, the barren earnings landscape will begin to fill in, with big-name reporters beginning to return tomorrow and Friday. By next week we’ll be absolutely swimming in earnings-related ideas. Today, we’ll just signal some SPY Calls, and a few longer-term possibilities based on chart setups and insider trades.

SPY 07/12 $443-445 Calls*
NTGR 08/18 $15 Calls
EDU 08/11 $43 Puts
ATI 08/18 $45 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders

Extended Watchlist:
HCTI, AULT, CVKD, RXRX, AVRO, ARDS, ELOX, BNMV, IDXG

Blue Horseshoe Stocks: CAT Options & More

Caterpillar, Inc. CAT – Options

We’ve had great success in the past with CAT options after the company reports earnings, and that’s just what we’re going to try to do again today.

The company obliterated forecasts on the Street for its earnings figures and raised its outlook as well, producing interesting activity here in the premarket and has us anxious to track some calls once the session gets going.

We’re interested in monitoring the CAT 04/27 $157.50-162.50 Calls to try and take advantage of the situation.

Controladora Vuela Compania de Aviacion VLRS

We’re also going to put VLRS on bottom watch for a potential incoming dead cat bounce after the stock has been absolutely crushed over the past two sessions, as you can plainly view on the chart below.

All because of perceived lowered demand after the company’s revenue per seat mile decreased, even as overall revenue increased, according to its recent earnings report. We don’t see that as commensurate with the beating the stock has taken, sending it to new lows and well into egregiously oversold territory. We’ll have it on watch for a possible rebound.

Extended Watchlist:
ATI, SHPG, NETE, HOG, EDU