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Bearish Options Ideas

FedEx Corp. FDX – Options Review

Despite having signaled our options idea FDX on Tuesday morning, it was a postmarket drop, thus, leading into yesterday’s session, the earnings were still untraded upon. We reminded readers yesterday morning to look out for what we expected to be a solid performance, and we were not wrong.

Our sole target, the FDX Weekly $237.50 Calls ran from a low of 7.95 all the way up to 19.00 for us, which mean our idea has been good for a gain of up to 139% to this point.

Options Ideas With the markets flailing and looking to be set up for a lackluster day, we are going to open things up today and track a few sets of bearish options ideas for the SPY, AAPL, and NKE chains.

SPY Weekly $335-333 Puts
AAPL Weekly $111.25-108.75 Puts
NKE Weekly $118-117 Puts

Extended Watchlist:
PPCB, VNUE, TSOI, CLHI, HENC, CETY

All New Options Ideas

3-Pack of Options Ideas

This morning we want offer up trio of fresh options ideas to track through this week, with some high profile earnings plays as well as a target in the SPY. Stocks in general are looking solid today, so the wind is blowing in the proper direction for it for the time being.

In addition to the SPY, we are looking at opportunities in the ADBE and FDX chains. Both companies are not slated to drop their quarterlies until after market hours, so we’ll be watching these in the run-up to that, and presumably for the remainder of the week after they present their figures.

Here are the specific targets we are interested in tracking:

SPY 09/16 $340-342 Calls
FDX Weekly $237.50 Calls
ADBE Weekly $490-495 Calls

Extended Watchlist:
BBRW, NWBO, OPTI, RBII, PFMS

CAG Recap & More

Conagra Brands, Inc. CAG – Recap

With the markets ripping again yesterday, one of the options ideas we had zeroed in on produced some really nice gain opportunities for us. We signaled the CAG 07/02 $33.50-34.50 Calls, and two out of three of those contracts logged double-bag gains on the day.

Here are the total ranges and possible profits that these calls provided:

CAG 07/02 $33.50-34.50 Calls
$33.50: 1.15-2.15 (+87%)
$34: .77-1.76 (+129%)
$34.50: .55-1.35 (+145%)

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Fresh Ideas:
FDX 07/02 $149-155 Calls
STZ 07/02 $175-180 Calls

OncoCyte Corp. OCX

On OCX yesterday, we noticed a drastic change as the stock fell off a cliff on news that it would discontinue development of its DetermaDx liquid biopsy test. Purely from a technical perspective, we have to take notice when a stock gets chopped by half and falls to near annual lows in one session.

It leaves a lot of future opportunity for a bounceback on the table, so we’re going to signal a long term idea in the options chain, and begin monitoring the OCX 11/20 $2.50 Calls.

Extended Watchlist:
ERFB, ARGQ, LFER, PVHO, XALL

Huge Options Winners

Beyond Meat, Inc. BYND

In our report last Wednesday morning, we began tracking options ideas in the BYND chain. At the time the stock was trading for as little as 81.16. After a full week of excellent gains, perhaps helped in part by news of the company’s partnership with Dunkin’ Donuts and Snoop Dogg on a new sandwich rollout, yesterday the stock reached 135.23.

That worked out to a one week upswing of 67% in the stock alone since our initial alert, and helped our extended term options idea, the BYND 01/24 $95 Calls, soar to new highs. That is actually an understatement. The calls we signaled have exploded to a point where they’ve yielded one of the biggest gains we’ve seen in quite some time. From their low last Wednesday to yesterday’s high, they have run from .85 all the way up to 40.00. That represents an absurd week-long upswing of 4606%

Congrats to any of our readers who had some skin in the game, because the potential profits off of this pick have been unreal.

Other Winners

FedEx Corp. FDX – We also called a longer-term idea for FedEx a few weeks back on December 24th, putting the FDX 01/31 $157.50-160 Calls on watch.

Those have also fared extremely well in recent weeks, and leading up new highs for us yesterday. The overall ranges and possible gains there were as follows:

FDX 01/31 $157.50-160 Calls
$157.50: 1.64-7.03 (+329%)
$160: 1.00-6.48 (+548%)
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Delta Air Lines, Inc. DAL – We called the DAL Weekly $61-62.50 Calls just yesterday morning, and met with some instant gratification.

DAL Weekly $61-62.50 Calls
$61: .75-1.53 (+104%)
$61.50: .56-1.17 (+109%)
$62: .38-.88 (+132%)
$62.50: .25-.63 (+152%)
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SYNNEX Corp. SNX- Now that we have our data back, we are able to present our readers with the updated figures on the gains our SNX options idea from Friday have produced.

SNX 01/17 $135-145 Calls
$135: 7.70-15.48 (+110%)
$140: 4.10-10.05 (+145%)
$145: 1.84-6.20 (+237%)

DRRX Update, FDX Options

DURECT Corp. DRRX – Review

With one half session remaining before the midweek holiday hiatus, and the earnings calendar once again void of activity, we want to circle back to a recent mention of ours in DRRX. We placed the stock on our radar last month on the 12th, and in the roughly five weeks since, it had really begun to put up some solid performances.

Subsequent to its inclusion in our premarket report on 11/12, DRRX registered a low of 1.72, and yesterday the stock once again registered a new high of 3.00. That’s an overall increase of 74% The stock also closed just a few cents below its high of day, so we’ll continue to keep an eye on its activity.

FedEx Corp. FDX – Fresh Options Idea

FedEx recently reversed and bounced off of its lows, and now appears to be in position to begin filling a gap on the chart. In anticipation of this we are going to place a range of calls in the FDX chain on longer term watch.

We;re going to go out to the FDX 01/31 $157.50-160 Calls to continue to track through the holidays and into the new year.

Extended Watchlist:
EKSO, ZN, OGEN, PT, KOD, SLNO, VLRX, ITCI,