Kicking the Tires on a Fresh Trading Week

Friday’s Options Runners:

We hope everyone enjoyed the last long weekend until the holidays, and is as ready as we are to hop back into trading action. We ended last week on a fairly positive note, having selected three potential options targets for observation and observing considerable gains in each of them. We are now seeing a considerable drop-off in daily reporters after what was an amazing earning season, but as always, we’ll seek out opportunities and make them work for us!

Our targets from Friday morning’s premarket report worked for us, and they were the AVGO Weekly $495-510 Calls, the LULU Weekly $315-322.50 Calls, and the HCP 09/16 $35-40 Calls. The LULU targets in the low end of the range were our biggest winners of the session, making moves that topped 300%

AVGO Weekly $495-510 Calls
$495: 11.71-21.11 (+80%)
$500: 7.19-16.00 (+122%)
$505: 3.96-11.00 (+178%)
$510: 2.00-6.70 (+235%)
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LULU Weekly $315-322.50 Calls
$315: .48-2.19 (+356%)
$317.50: .19-.83 (+337%)
$320: 1.75-4.16 (+138%)
$322.50: .77-2.00 (+160%)
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HCP 09/16 $35-40 Calls
$35: .78-1.20 (+54%)
$40: .35-.45 (+29%)


Fresh Options Ideas:
NVDA Weekly $136-138 Calls
NVDA 10/07 $145-150 Calls
GTLB 09/16 $50 Calls
GES 10/21 $17-19 Calls


Extended Watchlist:
AABB, ATYG, PQEFF, WTEQF, INTK, LVGI, TGGI, ISEE, HYRE, RUBY, ONVO, KOLD, APDN, ADT

Shorts Yield Dividends, Fresh Ideas to Close out the Week

Bearish Signals Pay Off:

We got things back on track in a big way for yesterday morning’s premarket report, with regard to our daily options ideas. It is an extremely rare occurrence that we would signal a full slate with nothing but bearish targets, but that’s exactly how things shook out yesterday, and it worked to our advantage.

The collection of puts that we were tracking for the day were the MDB Weekly $280-275 Puts, the OKTA Weekly $78-75 Puts, the CIEN 09/16 $55-45 Puts, and the SPY 09/02 $395-393 Puts, and thanks partly to the early downturn in the markets right from the opening bell, these were the caliber of gain opportunities that awaited us with these ideas:

MDB Weekly $280-275 Puts
$280: 
11.90- 40.58 (+241%)
$277.50: 14.60-39.00 (+228%)
$275: 9.40-35.00 (+272%)
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OKTA Weekly $78-75 Puts
$78:
 9.00-19.60 (+118%)
$77: 7.50-18.57 (+148%)
$76: 7.45-17.25 (+131%)
$75: 5.95-16.65 (+180%)
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CIEN 09/16 $55-45 Puts
$55: 6.90-9.50 (+38%)
$50: 2.18-5.20 (+138%)
$45: .57-1.44 (+153%)
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SPY 09/02 $395-393 Puts
$395: 3.83-5.82 (+52%)
$394: 3.27-5.14 (+57%)
$393: 2.76-4.48 (+63%)


Fresh Options Ideas:
AVGO Weekly $495-510 Calls
LULU Weekly $315-322.50 Calls
HCP 09/16 $35-40 Calls


Extended Watchlist:
ALST, DVLP, PSRU, SBES, PQEFF, GDVM, NBEV, BIAF, HOLI, DRUG, PXMD, FRZA, HCP

Massive Gainers, Fresh Ideas

Broadcom Inc. AVGO – Options Review:

Our main runner from our report on Friday morning turned out to be our options idea for the Broadcom chain, just a day removed from the company’s earnings beat on Thursday.

We designated the AVGO Weekly $585-$595 Calls as our targets of interest for the session, and they certainly did not disappoint. They provided us with access to huge multi-bag intraday gains and were a good way to cap off what was a solid trading week.

Here were the extremely impressive intraday gains posted by those targets: 

AVGO Weekly $585-$595 Calls

$585: 5.36-18.85 (+252%)
$587.50: 3.85-17.80 (+362%)
$590: 2.50-15.00 (+500%)
$592.50: .65-11.82 (+1718%)
$595: .74-10.50 (+1319%)


Today’s Options Ideas:
AMR 03/18 $120-130 Calls
VET 03/18 $20-22.50 Calls
BBBY 03/11 $29-30 Calls


Runner Recaps:

We have been continuously tracking the following plays for a couple of weeks now, and they’ve continued to make positive strides during that time. INDO is streaking to new highs in the premarket this morning, while IMPP continued to push its upper boundaries, setting a new high on Friday.

Here are links to the reports of our initial mentions, the total ranges we’ve witnessed, and the overall percentage gains they represent:

Indonesia Energy Corp. Ltd. INDO
Initial Alert: Feb. 23rd
Range: 6.83-57.99
Gained: +749%
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Imperial Petroleum, Inc. IMPP
Initial Alert: Feb. 22nd
Range:  .631-3.44
Gained: +445%


Extended Watchlist:
HUSA, CEI, NINE, IO, OP, USEG, TXMD, AXAS, TSOI, DUTV,