Solid Stock and Options Calls

Myovant Sciences Ltd. MYOV

In yesterday morning’s premarket report, we included MYOV in our Extended Watchlist for the day. It was a stroke of perfect timing, as it would end up the day’s top traded play on the NASDAQ.

The stock had been trading in a lackluster fashion for an extended time period, but the company’s revelation of completed prostate cancer treatment trials and plans to submit to the FDA, helped generate some really nice activity in the stock that is spilling over into the premarket today.

We’ve seen two distinct swings thus far, with MYOV first running from 12.64-17.16 (+36%) yesterday, before pulling back to 10.37. In the premarket this morning it has surged back to 15.31, a 48% upswing. We’ll be eager to continue tracking this interesting activity.



Kohls Corp. KSS

We also had a range of bearish options ideas in the Kohl’s chain in yesterday morning’s newsletters, and thanks to a poor showing on earnings, we saw deep decline in KSS stock despite the fact that we are headed into the thick of retail season.

Our ideas were the Kohls Corp. KSS Weekly $53.50-51 Puts, which put forth the following gain opportunities on the day:

$53 Calls – Range: 3.07-5.92 – Max Gain: 93%
$52.50 Calls – Range: 2.80-5.30 – Max Gain: 89%
$52 Calls – Range: 2.64-5.00  – Max Gain: 89%
$51.50 Calls – Range: 2.10-4.30 – Max Gain: 105%
$51 Calls – Range: 1.80-4.00  – Max Gain: 122%

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Fresh Options Idea
Target Corp. TGT Weekly $119-123 Calls 
Canopy Growth Corp. CGC Weekly $15.50-16.50 Calls


Extended Watchlist:
BAS, YTEN, CTST, I, SGLB, OCGN, DFFN, CTMX, CRZO

Tons of Fresh Trading Ideas

Facebook, Inc. FB – Recap

One of our fresh options trading ideas from yesterday morning’s premarket report was for the Facebook chain, on the heels of the company’s Q3 earnings and revenue beat.

We were tracking the FB Weekly $190-195 Calls, and all three of those contract sets produced opportunities for traders to get in and out with some very nice gains. Here are the figures on this successful daytrading idea:

$53 Calls – Range: 3.10-5.52 – Max Gain: 78%
$53.50 Calls – Range: 1.75-3.45 – Max Gain: 97%
$54 Calls – Range: .87-1.87 – Max Gain: 115%

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Fresh Options Ideas

Here’s what we’re going to be watching as we close out another trading week: 

Merit Medical Systems, Inc. MMSI 01/17 $20-30 Calls
Pinterest, Inc. PINS Weekly $21-19.50 Puts*
Alibaba Group Holding Ltd. BABA Weekly $175-180 Calls*
US Steel Corp. X Weekly $12 Calls* 

*Never trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds.


Diffusion Pharma, Inc. DFFN – Bottom-Watch

We also want to briefly mention DFFN, a NASDAQ penny stock that may be ready to make a serious rebound off of its recently established lows. The stock is soaring in the premarket, and we will be interested to track its activity as the session opens up.


Extended Watchlist:
HCR, FTNT, QRVO, NPTN, AMED, BIMI, BGNE, VISM

Blue Horseshoe Stocks: DRI Recap & More

General Mills, Inc. GS

First up today, we are taking a look at General Mills following the company’s solid quarterly figures on earnings and profits released here in the premarket.

The stock itself has gotten badly beaten up recently, as have most stocks in what is shaping up to be a very turbulent finish to 2018. However, the strong numbers reported could be just the catalyst to effect a convincing reversal. We’re going to be waiting in the wings with our eye on the GIS Weekly $37.50 Calls to try to take advantage of the situation.


Darden Restaurants, Inc. DRI

We highlighted some calls in the DRI chain yesterday, the DRI Weekly $95-105 Calls. Of those three sets of contracts, we got some very nice activity from two out of the three. While the $95’s were too far in the money, the $100’s and the $105’s fared quite well.

The $100 Calls traded up from a low of 2.85 and hit an even 5.00 for a gain of 75% and the  $105’s surged from .65-1.60, producing a gain opportunity of up to 146%


Extended Watchlist:
DFFN, OHRP, ADIL, HEAR, YUMA, CCJ, TROV, ZYNE, RIOT,
MU($31-32 Calls)