Ending a Successful Trading Week, 4 New Targets

Thursday’s Movers:

Unfortunately we have to open up today’s report with a mea culpa, and apologize for any confusion there may have been with yesterday’s newsletter. We meant to signal the PSTG Weekly $33-32 Puts, but ended up sending out at typo “PTG”. Had we successfully communicated that idea, it would have worked out well, but we’ll gloss over that one today, and just report on our other three ideas, all of which produced gain opportunities.

We had the CRM Weekly $245-250 Calls, the SNOW Weekly $187.50-192.50 Calls, and the NTNX 12/15 $45-47.50 Calls, and here are the intraday performances they recorded, along with the total possible profits that could have been achieved on a perfect trade:

CRM Weekly $245-250 Calls
$245: 1.83-7.04 (+285%)
$247.50: .96-4.89 (+409%)
$250: .48-3.10 (+545%)
_____

SNOW Weekly $187.50-192.50 Calls
$187.50: .80-3.05 (+281%)
$190: .45-1.86 (+313%)
$192.50: .26-1.07 (+311%)
_____

NTNX 12/15 $45-47.50 Calls
$45: 1.40-2.73 (+95%)
(Data on 47.50’s wouldn’t pull up, but gains would
have been roughly commensurate with the 45’s)



Fresh Options Ideas:
PATH Weekly $22.50-23.50 Calls*
MRVL Weekly $55-53 Puts*
ULTA Weekly $465-475 Calls*
ESTC Weekly $90-95 Calls*
PD Weekly $22.50 Calls*

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



Extended Watchlist:
BEGI, ATRX, CYDY, CRCW, SONX, ALT, HCDI, RECS, NEXI, BIOR

No Shortage of Good Options Plays

A Successful Tuesday Slate: 

We kept things trending in a good direction with the options ideas we signaled in our premarket report yesterday morning, offering up our best shots with a slate of four potential targets for our readers. With the exception of one single contract set in one of those designated ranges, we saw appreciable intraday movement and gain chances in every case.

Those targets were the BABA 01/20 $111-113 Calls, the FRO 01/20 $13-14 Calls, the ACI 01/20 $20-21 Calls, and the PSMT 01/20 $60-65 Calls. The potential profits on those ranged from nominal with the ACI targets, to extremely impressive, in the case of FRO. Here’s how all of those ideas came through for us:

BABA 01/20 $111-113 Calls
$111: 
2.97-5.45 (+84%)
$112: 2.49-4.80 (+93%)
$113: 2.05-4.15 (+102%)
_____

FRO 01/20 $13-14 Calls
$13: 
.63-1.75 (+178%)
$14: .20-.97 (+385%)
_____

ACI 01/20 $20-21 Calls
$20: 
1.00-1.30 (+30%)
$21: .24-.40 (+75%)
_____

PSMT 01/20 $60-65 Calls
$65: 
1.00-3.61 (+261%)


Fresh Options Ideas:
KBH 01/20 $34-35 Calls
SPY 01/11 $391-392 Calls*

TSLA Weekly $120-122 Calls
BBBY Weekly $2.50 Calls 

*Trading options on their day of expiration is typically a higher risk/reward situation, and should only be attempted by experienced traders


Extended Watchlist:
CLGCF, CLVSQ, TUEM, KNOS, FRFR, STRY, KGKG, TLSS, NEWH, BIOR, BWEN, LIPO, BBBY, HEPA, LASE