A Selection of July Calls & More

Winning Options Review: 

We were pleased to start off the short trading week with a bang yesterday, getting right back on track with a couple of options trading ideas that netted some good intraday gain opportunities for anyone who was paying attention. The markets ripped all day long, so it was definitely a good time to go bullish on the SPY.

We did so with the SPY 06/21 $369-371 Calls, and we also stuck in an idea for the one earnings play that stood out to us on the day, the LEN Weekly $64-66 Calls. In both cases, the potential profits reach multibag territory. Those moves were as follows:

SPY 06/21 $369-371 Calls
$369:
 3.76-7.43 (+98%)
$370: 2.88-6.52 (+126%)
$371: 2.59-5.50 (+112%)
_____

LEN Weekly $64-66 Calls

$64: 1.90-4.03 (+112%)
$65: 1.88-4.00 (+113%)
$66: 1.05-3.23 (+208%)


Fresh Options Ideas:

We’re in the midst of an earnings drought that is going to persist for at least a few more weeks, but we’re still trucking right along, working with what we’ve got. Today’s earnings play that stands out in the premarket is from the Winnebago chain, while we’ve also noticed some insider buying near the bottom on NLOK.

WGO 07/15 $45-50 Calls
NLOK 07/15 $24-25 Calls
FL 07/15 $31-32 Calls


Revlon, Inc. REV – Recap: 

We’ve also got an update on Revlon, which we tagged for observation on Friday morning. The stock has followed that alert up with two nice sessions in a row now. Our observed range for that period is 2.73-6.95 (+155%) This morning’s premarket high of 8.39 marks an overall increase of 207% over just a few trading days!


Extended Watchlist: 
EVSV, INTK, INQD, MMTLP, ECOX, LTCN, SIRC, KBLB, XELA, QTNT, USWS

Exponential Gains on LULU Options & More

Major Options Movers:

We absolutely crushed it with our earnings plays once again yesterday, signaling a trio of related options ideas in our premarket report. Despite a mixed, yet primarily down day for the markets, the volatility provided by these companies’ earnings drops powered some significant positive intraday movement.

We were targeting the LULU Weekly $360-370 Calls, the MU Weekly $82-85 Calls, and the BNTX Weekly $182.50-187.50 Calls, and of course they all produced solid opportunities for us. Additionally, we have an update on the DOOO 04/14 $70-75 Calls  which we signaled for observation on Friday morning, and have since tacked on more new highs.

The breakdown of those single session gainers as well as that 4-day swinger are as follows:

LULU Weekly $360-370 Calls
$360:
 7.50-26.41 (+252%)
$365: 5.00-23.23 (+364%)
$370: 3.57-20.00 (+460%)
_____

MU Weekly $82-85 Calls
$82:
 2.49-4.30 (+73%)
$83: 1.93-3.45 (+79%)
$84: 1.48-2.80 (+89%)
$85: 1.09-2.15 (+97%)
_____

BNTX Weekly $182.50-187.50 Calls
$182.50: 3.28-5.30 (+62%)
$185: 2.50-4.11 (+64%)
$187.50: 1.63-3.20 (+96%)
_____

DOOO 04/14 $70-75 Calls
$70:
 5.00-12.00 (+140%)
$75: 2.40-9.36 (+290%)


Fresh Options Ideas:
PATH 04/14 $25-22.50 Puts
WBA Weekly $47.50-46.50 Puts


Extended Watchlist: 
CLVS, LGVN, ISPO, IZEA, SNTG, FWBI, CELZ, XCPL, ECOX, ARGQ, EEENF

Trio of Fresh Options Targets & More

Ambarella, Inc. AMBA – Options Recap

In our premarket report yesterday morning, our lone earnings-based options idea on AMBA turned out fairly well for us very early on in the session. Those targets were the AMBA Weekly $118-121 Calls. 

The company exceeded expectations on earnings and revs, and along with optimistic guidance, propelled the stock on a huge PPS run from the starting bell that tapered off after the opening minutes. A quick trigger finger in the early goings could have provided the following potential gains in our designated range:

AMBA Weekly $118-121 Calls 
$118: 6.38-10.90 (+71%)
$119: 4.98-10.00 (+101%)
$120: 6.93-16.38 (+136%)
$121: 3.53-10.00 (+183%)
_____

Fresh Options Ideas:
SPLK Weekly $145-149 Calls
TCOM Weekly $39-41 Calls
SNOW Weekly $247.50-250 Calls 


Extended Watchlist:
AFPW, NWGC, ECOX, BLUU, INCT, FTEG, EEENF, QBAN, FRHV


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