Thousand Percent+ Gainer, Fresh Ideas

04/21 Options Reviews:

In recent weeks we have been tagging several longer-term options plays with an April 21st expiration as opposed to weeklies, and today we wanted to circle back for some of those which posted new highs for us during yesterday’s session.

We’ll start off with the DOMO 04/21 $15 Calls, which just appeared in yesterday morning’s report, and opened up with a solid first day effort as it ran from .65-1.00, for an intraday upswing of 54%

Next up we’ve got the MKC 04/21 $75-80 Calls and the SMTC 04/21 $26-25 Puts which we initially flagged in our reports from last Tuesday, and last Thursday morning, respectively. The breakdown of the moves they’ve made since last week is as follows, and as you can see, those SMTC Puts easily breached the thousand percent gain barrier in what has been one of our hottest recent ideas:

MKC 04/21 $75-80 Calls
$75: 4.80-10.32 (+115%)
$80: 1.40-5.40 (+286%)
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SMTC 04/21 $26-25 Puts
$26:
 .20-3.40 (+1600%)
$25: .21-3.09 (+1371%)


Fresh Options Ideas:
SMPL 04/21 $40-35 Puts
DLO 04/21 $16-15 Puts


Hypercharge Networks Corp. HCNWF – OTC Recap: 

We also wanted to recap the performance of an OTC stock we tagged in yesterday morning’s report. HCNWF went on a very nice intraday run from a low of .685 on up to a high of 1.58, which works out to a highly respectable single session rise of 131%


Extended Watchlist:
ATNF, IMUX, LMNL, IFRX, FRGT, RNAZ, QPRC, ADHC, GSTC

Recapping Monday’s Movers, New Targets

Monday’s Options Recaps:

We were faced with rather slim pickings yesterday with regard to the type of big name, large-cap earnings reporters we typically like to take advantage of, but we didn’t let that stop us from picking a couple winners to kick off the trading week. Whenever we get hit with a dry spell for earnings, we always manage to find decent plays in their stead.

Yesterday’s premarket report focused on the EDR 04/21 $22.50-25 Calls, and the SAIC 04/21 $105-110 Calls, and the intraday results we witnessed were rather good. Here’s the breakdown of their daily activity and the total percentage gains that were on the table:

EDR 04/21 $22.50-25 Calls
$22.50:
 .60-.96 (+60%)
$25: .10-.20 (+100%)
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SAIC 04/21 $105-110 Calls
$105
 3.23-6.63 (+105%)
$110: 1.20-2.90 (+142%)


Fresh Options Ideas:
TSE 04/21 $22.50 Calls
GLPG 04/21 $40 Calls
DOMO 04/21 $15 Calls


Extended Watchlist:
BFRG, BFLY, SECO, CDLX, HCNWF, CNBX, AMIH, WNDF, MONI

Blue Horseshoe Stocks: SPY Puts & More

G-III Apparel Group Ltd. GIII

Among our fresh ideas for yesterday’s premarket report was GIII, in whose options chain we signaled a pair of contracts for observation shortly after the company’s quarterly report was issued. Those were the GIII 09/21 $45 & 50 Calls, and despite a very up-and-down session for the stock itself, opportunities for intraday profits were on the table early on in the session.

The $45 Calls traded up from a low of  2.67, to as much as 6.00, representing an upswing of 125%, while the $50 Calls ran from 1.03-2.49 for a 142% pop.

These could still see further action down the line. still being two full weeks from expiration, with the current bearish attitude of the market being only a temporary hurdle.


Fresh Options Idea:

Speaking of bearish attitudes, that’s going to be our take on some SPY Calls this morning to finish out this short week. We’re going to look for a break below $287, and place the SPY Weekly $288-287 Puts**

**Please do not trade weekly options on a Friday unless you are an advanced level trader with disposable funds!


Extended Watchlist:
DRNA, GCO, FIVE, DOMO, NBRE, TAHO