Recapping Wednesday’s Movers, 3 New Targets

Wednesday’s Winners:

We fared decently on Wednesday, with two-thirds of our potential options ideas stemming from earnings in our premarket report registering solid intraday moves in a positive direction. Given that we typically rely upon big name companies dropping their earnings report for the bulk of our interests, things have gotten slightly thin this week. From the looks of the earnings calendar, this earnings dry period should persist only until the last week of this month.

As for yesterday’s movers, we had the CALM 04/19 $60-65 Calls, and the PLAY 04/19 $65-70 Calls, both produce some good intraday opportunities. Here’s how their sessions played out:

CALM 04/19 $60-65 Calls
$60
: 2.35-3.70 (+57%)
$62.50: 1.30-2.10 (+61%)
$65: .55-1.10 (+100%)
_____

PLAY 04/19 $65-70 Calls
$65: 3.30-5.90 (+79%)
$70: 1.05-2.80 (+167%)


Fresh Options Ideas:
LEVI 04/19 $20-21 Calls
CAG Weekly $30-31 Calls
MNMD 04/19 $12 Calls


Integrated Cannabis Solutions Inc. (OTCMKT:IGPK) – Recap:

We also wanted to give a quick little update on the performance of IGPK over the past couple weeks. We had this stock in our extended watchlist from our report on 03/19, and have since observed a stellar run from a low of .0021 that day, to yesterday’s new high of .0143. That works out to an excellent upswing of 581%


Extended Watchlist:
RELI, HWH, TVGN, ZCMD, HUBC, TCBP, GRR, GTII, FFMGF, SFRX, NBCO, 

Tuesday Review, 3 Fresh Options Ideas

Reviewing Tuesday’s Ideas:

Things went pretty well in terms of the possible options trading targets in our premarket report yesterday morning. There were a pair of quick-strike ideas based on earnings reporters, and a couple of longer-term swing trades with expirations next month, one of which posted some decent intraday moves right out of the gate. Both of the shorter term plays produced solid results as well.

Those targets were the PVH 04/19 $110-105 Puts, the PAYX 04/19 $120-115 Puts, and the SNOW 05/10 $175-180 Calls. Here were the trading ranges and total possible percentage gains in each of them for the day:

PVH 04/19 $110-105 Puts
$110
: 2.30-6.37 (+177%)
$105: .35-4.10 (+1071%)
_____

PAYX 04/19 $120-115 Puts
$120: 1.16-2.21 (+90%)
$115: .29-.60 (+107%)
_____

SNOW 05/10 $175-180 Calls
$175: 2.00-2.80 (+40%)
$180: 1.84-2.12 (+15%)


Fresh Options Ideas:
CALM 04/19 $60-65 Calls
PLAY 04/19 $65-70 Calls
LH 04/19 $210 Puts


Extended Watchlist:
ASAP, ZNPG, CYBL, EARI, APLIF, KTRA, AIH, ABIO, VVPR, HSDT, VNDA, XTIA

Wednesday’s Winners, 4 Fresh Options Plays

Winning Trend Continues on Wednesday:

After a decent start to the first trading week of the new year on Tuesday, we kept things rolling pretty well yesterday for the second straight day. Our premarket report contained four potential plays on the options front, and each of those targets recorded some pretty good intraday upswings. We were hoping for a nice beginning to 2024 and thus far that goal is going according to plan!

Yesterday’s runners were the SPY 01/03 $472-471 Puts, the COIN Weekly $148-146 Puts, the MARA Weekly $22-21 Puts, and the UNF 01/19 $180 Puts. Here is the breakdown of their intraday performances for Wednesday:

SPY 01/03 $472-471 Puts
$472:
 1.12-3.70 (+230%)
$471: .51-2.76 (+441%)
_____

COIN Weekly $148-146 Puts
$148:
 3.37-5.25 (+56%)
$147: 2.88-4.60 (+60%)
$146: 2.55-4.12 (+62%)
_____

MARA Weekly $22-21 Puts
$22:
 .70-1.00 (+43%)
$21.50: .53-.79 (+49%)
$21: .41-.62 (+51%)
_____

UNF 01/19 $180 Puts
$180: 10.00-14.90 (+49%)


Fresh Options Ideas:
CALM 01/19 $55-52.50 Puts
WMT Weekly $160 Calls
RPM 01/19 $100 Puts
MBLY 01/19 $30-25 Puts 

*Only experienced traders should attempt to trade options contracts on their day of expiration


Extended Watchlist:
MINM, OMGA, KTRA, RPID, JFBR, SMFL, HNRC, ZFRY, ABIT, RNGE, AHNR, TIPS