Yesterday’s Earnings Plays:
Two of our fresh options plays for yesterday’s report were weekly calls, and despite a mixed session for the markets as a whole, they experienced appreciable intraday moves. The activity in the MRVL Weekly $49-51 Calls and the SFIX Weekly $61.50-65 Calls didn’t blow the lid off of anything, but we did witness some highly respectable gain opportunities.
MRVL Weekly $49-51 Calls
$49: 1.06-1.92 (+81%)
$50: .62-1.23 (+98%)
$51: .34-.68 (+100%)
SFIX Weekly $61.50-65 Calls
$61.50: 3.65-5.54 (+52%)
$62: 3.35-5.48 (+64%)
$62.50: 3.13-4.80 (+53%)
$63: 2.84-4.72 (+66%)
$65: 1.91-3.45 (+81%)
Fresh Options Ideas:
CPB Weekly $48-46 Puts
UNFI 06/18 $40-35 Puts
Interesting Chart Plays:
Also catching our eye this morning are a couple of interesting chart setups in FibroGen, Inc. FGEN and Fastly, Inc. FSLY, and in both cases we will be watching the stocks as well as some potential options ideas.
In the case of FGEN, there are a couple of large gaps to fill to the upside, and over the past couple of sessions the stock has given indication that it may be about to do so. We’re going to be tagging the FGEN 07/16 $27.50-30 Calls for observation.
On FSLY, the gap-fill has occurred this week and the PPS is now on the verge of breaking past the 50DMA with its considerable momentum. We’ll radar the FSLY 06/25 $61-63 Calls.
SRNW, JPEX, STHC, TTSI, ECMH, PLPL, NUVI, DCAC, CKPT, SPI, CLVS, AEHL, OEG
SPDR S&P500 (ETF) SPY – Recap
Thanks to a solid day for the markets yesterday, the successful options idea we dropped for the SPY on Monday morning turned in yet another huge day of potential profits. We had signaled the SPY Weekly $287-288.50 Calls as our first idea of the week, and it has been one of the best ones of the year in terms of percentage gains, already having produced intraweek ranges of up to 4000%
Each of the four contract sets in our highlighted range produced further multi-bag intraday rips of the following magnitude yesterday:
$287 Calls – Range: .43-2.04 – Max Gain: 374%
$287.50 Calls – Range: .32-1.58 – Max Gain: 316%
$288 Calls – Range: .20-1.46 – Max Gain: 630%
$288.50 Calls – Range: .16-1.01 – Max Gain: 531%
We will also be watching the SPY Weekly $290-292 Calls in the event that the current momentum of the markets carries through to the end of the week.
Fresh Options Ideas:
BURL Weekly $187.50-192.50 Calls
DG Weekly $150-152.50 Calls
NTNX Weekly $23-24 Calls
JBL, VTGN, MBUU, PSTV, FIVE, FSLY, GES, PHUN
Foot Locker, Inc. FL
We had a group of options ideas lined up on Friday, and then the bottom proceeded to fall out of the markets, rendering our bearish idea for FL the main attraction for the day.
We designated the Foot Locker FL $38-36.50 Puts as our items of interest, and the intraday activity was good for the following gain opportunities.
Foot Locker FL $38-36.50 Puts
$38 Puts – Range: 1.30-4.20 – Max Gain: 223%
$37.50 Puts – Range: 1.10-3.10 – Max Gain: 182%
$37 Puts – Range: .85-3.10 – Max Gain: 265%
$36.50 Puts – Range: .75-2.80 – Max Gain: 273%
Fresh Options Idea:
Speaking of the market sell-off, it appears as if we may experience a dead-cat bounce today, and we will will have some SPY ideas ready for that possibility. We’ll track the
SPY Weekly $287-288.50 Calls to kick things off this week.
PaperFree Medical Solutions, Inc. PFMS
We also want to provide a brief recap of a solid OTC call we had from earlier last week. We placed PFMS on watch in our premarket report on Tuesday
, and the stock has posted quite a move over the ensuing four sessions.
From a low of .0029 on Tuesday, PFMS shot up to a new high of .0071 on Friday, marking an impressive intraweek swing of 145% With that kind of momentum, we’ll be sure to keep its slot on our watchlists reserved as we kick off another trading week.
PBIO, SOLY, FSLY, ATHX, DISH, VKTX, LIQT, AVGR