Retail Earnings Opportunities

Cracker Barrel Old Country Store, Inc. CBRL – Recap: 

This morning we’re updating readers on the fresh options idea from yesterday. Just to give a heads up, this idea appeared in our report yesterday as Weekly calls, which was in error. The next expiration date on any existing CBRL options is June 18th, so we’re talking about the CBRL 06/18 $155-165 Calls.

Those fared quite well on the day despite three weeks remaining until their expiry. Here are the intraday gains they recorded:

CBRL 06/18 $155-165 Calls 
$155: 4.40-6.68 (+52%)
$160: 2.45-4.40 (+80%)
$165: 1.25-2.40 (+92%)

Based on premarket activity this morning, it appears as if CBRL may be preparing to gap up, and as a result we may see further advances in these contract sets. We’re going to want to continue to monitor their activity into June 18th.


Fresh Options Ideas:

Despite a general decrease in the number of daily earnings reporters, we’ve got a fair few retail giants dropping figures this morning, and we’ll venture a target for the SPY as well.

URBN Weekly $37-39 Calls
ANF Weekly $39-40.50 Calls
DKS Weekly $88-91 Calls 

SPY 05/26 $418-420 Calls 


Extended Watchlist:
AAPT, SBFM, UPIN, BRYYF, GEGP, CYBL, MNGG, MDCN, XREG

New Highs in MJWL & More

Monday Options Recap: 

We started off the week in grand fashion yesterday morning, including fresh options ideas from both the SPACE and PTON chains in our premarket report.

We were tracking the SPCE Weekly $24-25.50 Calls. the PTON Weekly $101-103 Calls, and the PTON 06/11 $105-107 Calls. Those longer-term PTON calls did make respectable daily moves as well, but we’re going to focus on the weekly quick-strike plays this morning.

Here are the intraday trading ranges and total possible gains for our tracked plays: 

SPCE Weekly $24-25.50 Calls 
$24: 1.31-4.12 (+215%)
$24.50: 1.05-3.65 (+247%)
$25: .96-3.40 (+254%)
$25.50: .83-3.05 (+267%)
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PTON Weekly $101-103 Calls
$101: 
1.30-3.00 (+131%)
$102: 1.00-2.50 (+150%)
$103: .76-2.05 (+170%)


Fresh Options Ideas: 
CBRL Weekly $155-165 Calls 


Majic Wheels Corp. MJWL – Recap:

We also want to highlight the recent performance of MJWL, which we initially began following with our tag of the stock in our report on the morning of May 13th.The low following that report was .0094.

We also included MJWL in yesterday morning’s extended watchlist, and the stock traded in a daily range from .0391 to an impressive new high of .0739. That marks a total possible intraday gain of 89%, and for anyone who got in after our initial alert from two weeks ago, the potential gain as of yesterday high stands at a whopping 686%


Extended Watchlist:
BFARF, PDGO, FBCD, EEGI, TONR ATIG, TGGI, APYP, NUUU, RSHN, RBNW

Big OTC Gainers!

Reviewing Yesterday’s Options Ideas:

As is typical for us, we presented some fresh options trading ideas in yesterday morning’s premarket report, highlighting the CBRL Weekly $110 Calls, as well as the CRWD Weekly $100 Calls.

In both instances, we saw multi-bag opportunities on the table. The CBRL $110’s ran from 4.70-11.65 for an intraday gain of 148%, while the CRWD $100’s made a move from 1.34-3.60, which represents a 169% gain.
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Fresh Ideas:
GWRE 06/19 $115-120 Calls
NAV Weekly $25.50-26.50 Calls


Penny Stock Roundup
.

We’ve been identifying and tracking several penny stocks of late, upon noticing a pickup of activity on the OTC Markets. The following are some of the plays we’ve highlighted, and the subsequent moves they’ve made for us. including a couple of ten-baggers!

Kronos Advanced Technologies, Inc. KNOS
Alerted:
04/20/20
Low: .011 – High: .1309
Gained: 1090%
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BREWBILT MFG Inc. BBRW
Alerted: 05/27/20
Low: .018 – High: .09
Gained: 400%
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TPT Global Tech Inc. TPTW
Alerted:
04/27/20
Low: .0026 – High: .03
Gained: 1054%


Extended Watchlist:
ABML, BRLL, MACE, VISL, SBFM,