Winning Options Plays, 4 Fresh Ideas

Options Reviews:

Despite only having a single earnings reporter yesterday morning off of which we could base an options idea, we managed to turn up some pretty good opportunities including a couple multi-bag gain chances.

That lone fresh play was for the PEP Weekly $162.50-167.50 Calls, and they did post some nice intraday moves. In addition, we have a couple of updates on some longer term calls that we signaled in reports from last week. For the CAT 11/04 $180-185 Calls, we alerted these calls on last Wednesday the 5th, while the UNFI 11/18 $35 Calls were an idea we formulated on September 30th. Both have performed rather nicely, and give a good example of why we like to include a mix of quick-strike plays with longer-term ideas.

PEP Weekly $162.50-167.50 Calls 
$162.50: 4.55-8.10 (+78%)
$165: 2.77-6.02 (+117%)
$167.50: 1.40-4.05 (+189%)
_____

CAT 11/04 $180-185 Calls
$180: 5.43-9.40 (+73%)
$185: 4.00-5.80 (+45%)
_____

UNFI 11/18 $35 Calls
$35:
1.80-3.80 (+111%)


Fresh Options Ideas:
SPY 10/14 $352.349 Puts
DPZ Weekly $315-325 Calls
DAL Weekly $29-29.50 Calls
BLK Weekly $515-505 Puts 


Meta Materials, Inc. MMTLP – OTC Recap: 

We had just marked MMTLP as an OTC worth tracking in yesterday morning’s extended watchlist, and the stock recorded a very nice intraday move for us, running from a low of 3.80 up to a high of 6.90. That represents an intraday rally of 82%


Extended Watchlist:
LASE, SOXS, CRBP, FNHC, BABL, CRTD, ENZC, HMBL, STGZ, BOTY

Fresh Ideas for an Exciting Friday Finish

Dominos Pizza Inc. DPZ – Options Recap 

We have been very light on options plays over the past week or two, as we are still in a lull for earnings reporters, which are the typical catalysts that we use to take advantage of the inherent volatility that generally follows a quarterly number drop.

. We still have managed to find an opportunity here and there, and yesterday our instincts told us to go short on Dominos. We signaled the DPZ Weekly $427.50-417.50 Puts and saw some good moves

DPZ Weekly $427.50-417.50 Puts
$327.50
: 18.85-30.10 (+118%)
$325: 17.99-30.35 (+151%)
$322.50: 13.97-26.10 (+203%)
$320: 11.78-24.90 (+337%)
$317.50: 10.46-21.55 (+118%)
_____

SPDR S&P500 (ETF) SPY – Options Idea

We have been tracking the $340-341 Calls throughout the week, and based on the solid progress we’ve seen there ansd the premarket activity we’re observing this morning, we’;ll go ahead roll up to the SPY Weekly $344-345 Calls to stay close to the action.


More Fresh Options Ideas

Despite having no earnings to push these along, here are a handful of options plays we’ll be tracking today:

CGC Weekly $18 Calls
X Weekly $8-9 Calls
BBBY Weekly $21-22 Calls 



Camber Energy, Inc. CEI – Recap

We also want to backtrack a bit to our September 25th call of CEI today following what has been a very respectable run for the stock.

The day after our tag of CEI, the stock saw a low of .5011 and hasn’t looked back. Yesterday, a very impressive intraday move carried it to a new high of 1.43, which works out to an increase of 185% over a span of just ten trading days!


Extended Watchlist:
BTU, WWR, SNMP, GMEV, UNGS, UATG, RIOT, KNDI, 

Form-4 Bottom Play & More

SPDR S&P500 (ETF) SPY

We are still actively tracking the options targets we designated in the SPY chain in Tuesday’s premarket report which were the SPY Weekly $340-341 Calls. We got some pretty nice intraday gain opportunities in the 60-80% range early Tuesday, but the following upswing that we observed in these plays yesterday was far better.

The $340 Calls registered another run from .98-3.28, which marks a 235% move, while the $341’s ran from .75-2.65, for a 253% rip.
_____

Fresh Options Idea:
DPZ Weekly $427.50-417.50 Puts 


Arcutis Biotherapeutics Inc. ARQT – Form-4 Bottom Bouncer

Following multiple Form-4 submissions to the tune of over $12M each last week, ARQT sold off and began to establish just the type of chart setup we are always on the lookout for. A recently tanked stock with a gap on the chart to the upside, that is establishing a trend off of that bottom.

Combined with the recent insider purchases, and it makes for a stock that we need to have on our watchlist in the weeks, and perhaps even months ahead.


Extended Watchlist:
ALYI, ABMC, AREC, DMDD, NUVI, ZNOG