Market Surge Leads to More SPY Opportunities

Options Movers: 

Our options ideas for yesterday’s session included a range of SPY calls which expire at the end of trading today, and thanks to a huge surge in the markets, not only did those turn out excellent chances for gain yesterday, but given the tenor of things here in the premarket, all the figures you see below for the SPY will make a huge jump today, especially if the Fed’s rate decision comes back as expected this afternoon. Continue reading down the page to find our rolled-up targets for the SPY today.

In addition to the SPY 03/16 $418-420 Calls, we were also tracking the GTLB Weekly $30-40 Calls, and while the $30’s didn’t bear fruit, we did get some nice moves out of the $35’s and $40’s. The moves in those plays were as follows below:

SPY 03/16 $418-420 Calls
$418: 4.61-9.46 (+105%)
$419: 4.06-8.60 (+112%)
$420: 3.55-7.78 (+119%)
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GTLB Weekly $35-40 Calls
$35:
 1.65-3.60 (+118%)
$40: .44-1.15 (+161%)


Fresh Options Ideas: 
YY Weekly $29-32 Calls
BABA Weekly $85-90 Calls
CAL Weekly $20 Calls
DKNG 06/17 $20 Calls
SPY 03/16 $427-430 Calls


Extended Watchlist:
GMGI, PTCO, ICNM, SONN, BEKE, FUTU, PDD, BILI, DUO,

Big Time Options Gainers & More

Options Review: 

Our premarket report yesterday morning included three sets of options ideas for our readers based off of the day’s earnings calendar. As our regular readers are surely aware, we like to use the increased price action and volatility that typically comes with a big name earnings drop, to our advantage.

The targets that we were zeroed in on for the day were the CRM Weekly $215-220 Calls, the HPE 03/18 $16 Calls, and the PLUG Weekly $25-26 Calls. All three of those contract sets posted solid numbers on the day, with only one set of PLUG contracts falling just shy of producing double-bag gain opportunities.

Here were the total intraday moves and the highest possible gains that could have been achieved as a result: 

CRM Weekly $215-220 Calls
$215:
 .50-2.50 (+400%)
$217.50: .31-1.59 (+413%)
$220: .21-.95 (+352%)
_____

HPE 03/18 $16 Calls
$16:
 .55-1.28 (+133%)
_____

PLUG Weekly $25-26 Calls
$25: .58-1.03 (+78%)
$25.50: .39-.87 (+123%)
$26: .25-.54 (+116%)


Fresh Options Ideas:
KR Weekly $49.50-52 Calls
SPLK Weekly $114-116 Calls
BBY Weekly $106-108 Calls


Indonesia Energy Corp. Ltd. INDO – Recap:

We’ve also got an update for our readers this morning on INDO, a stock that we’ve been tagging in our extended watchlists since last Wednesday morning. At that time, we observed a low in the stock of 6.83. Yesterday the stock reached 15.212, marking a rise of 123% and as of this morning’s new premarket high of 23.19, we’ve now seen INDO run 240% in just over a week.


Extended Watchlist:
IMPP, AEI, KRBP, TNXP, HEXO, BILI, DPLS, ELEK, HMBL, MTRT, 

Blue Horseshoe Stock: Tech Options Plays

TECH OPTIONS

We’re seeing a bit of a rebound in the markets this morning after they once again got crushed yesterday. Partially due to a better-than-expected economic report on Durable Orders, we’ll look for the highest profile companies with fresh earnings out that appear set to move this morning.

TSLA and MSFT both dropped their reports in after-market hours yesterday, and look to be our most promising potential targets today.

The tech sector as a whole was among the hardest hit in the recent spate of losses for domestic stocks, with many, if not most of its players being beaten back to unsustainably low levels, so the timing is actually quite good for some solid movement off of these earnings reports.

We expect a market recovery to provide us with plenty of chances to take advantage of all of these underpriced stocks as they rebound in the days and weeks ahead.

TSLA Weekly $310-317.50 Calls
MSFT Weekly $104-107 Calls


Extended Watchlist: 
HSGX, VLRX, NOG, ALT, ENBL, HLT, BILI, NXTD, XLNX