WD-40 Company WDFC – Options Update:
As we close out this holiday-shortened week, we’ll start off by giving an update on the options idea we put forth in yesterday morning’s premarket report. We were looking at the WDFC 07/16 $250-270 Calls on the heels of the company’s earnings drop from the day prior.
The stock itself ran to nearly $280 before tapering back and that provided some very nice intraday gain opportunities for anyone who had caught our alert. Here are the intraday trading ranges and total possible gains on those targets:
WDFC 07/16 $250-270 Calls
$250: 20.32-26.15 (+29%)
$260: 7.81-16.67 (+113%)
$270: 4.31-8.18 (+90%)
Fresh Options Ideas:
GBX 07/16 $40 Calls
LEVI 07/16 $29-30 Calls
Carver Bancorp Inc. CARV – Recap:
Additionally, we want to go over the performance of CARV following its inclusion in yesterday’s extended watchlist. A short-squeeze provided an excellent intraday move for a stock in this price range.
CARV ran from 16.61 to a new high of 38.87 on the day marking an upswing of 134% on volume of over 82X the 30-day moving average!
GALT, AGRI, TBLT, AABB, KRFG, ASTI, AMLH, HMNU, BICB, ELRA, VOIS, INTK
No Borders, Inc. NBDR
We opened up yesterday’s report by highlighting the 337% move from .0112-.0489 made by NBDR since we tagged it last Wednesday. It is one of a number of OTC stocks we’ve been tracking in relation to the COVID-19 pandemic response.
The stock absolutely blasted off once again during yesterday’s session, this time reaching a new high of .089. That works out to a total increase of 695% in a span of just 5 trading days! We’ve done our best to continue bringing our readers chances to make quick-strike trades for profit during this crisis, and have in fact done a fantastic job of doing so.
Speaking of success quick-strike trades, we also formulated an options idea in the Virgin Galactic Holdings, Inc. (SPCE) chain yesterday morning, and were met with instant results. The stock enjoyed a solid session, as did most stocks, and it produced very respectable gain opportunities in our target range, the SPCE Weekly $13.50-16.50 Calls:
$13.50: 2.25-4.45 (+98%)
$14: 1.80-4.20 (+133%)
$15: 1.35-3.35 (+148%)
$16.50: .60-2.48 (+313%)
Our other options idea fresh for yesterday’s report was the Direxion Daily Junior Gold Miners Index Bull 3X (ETF) JNUG Weekly $4-5 Calls. Those also produced some nice moves on the day for us:
$4.00: 1.38-2.10 (+52%)
$5.00: .89-1.47 (+65%)
Fresh Options Ideas:
SPY Weekly $240-245 Calls
WGO 04/17 $25-30 Calls
NKE Weekly $78-81 Calls
BSGM(>News), GALT, HAL,
Midweek Options Review
As we head into the Thanksgiving break with exactly one and a half trading sessions remaining for the whole week, we wanted to first update our readers on the excellent fresh options ideas we put forth in yesterday morning’s premarket report.
We went bearish on Dollar Tree and bullish on Nutanix, and big intraday gain opportunities presented themselves across the board, in every set of contracts in our designated tracking ranges.
Cheers to any of our readers who were able to take advantage of the alert and snag some of these solid gains on the day:
Dollar Tree, Inc. DLTR Weekly $99-96 Puts
$99 Puts – Range: 2.64-5.30 – Max Gain: 101%
$98.50 Puts – Range: 3.37-5.70 – Max Gain: 69%
$98 Puts – Range: 2.38-5.05 – Max Gain: 112%
$97 Puts – Range: 1.40-3.81 – Max Gain: 172%
$96 Puts – Range: .70-3.01 – Max Gain: 330%
Nutanix, Inc. NTNX $33.50-35 Calls
$33.50 Calls – Range: .40-.98 – Max Gain: 145%
$34 Calls – Range: .20-.65 – Max Gain: 225%
$34.50 Calls – Range: .15-.40 – Max Gain: 167%
$35 Calls – Range: .10-.30 – Max Gain: 200%
SPY Weekly $314-315 Calls
BOX Weekly $16-17 Calls
VMW Weekly $165-170 Calls
IBIO, LODE, GALT, OCGN, AVEO, OBSV