ULTA Options Review, OTC Runner & More

Winning Options Recap: 

On Friday morning, we were marveling at the performance of all of the excellent options ideas we floated to our readers last week, with nearly every signal we made yielding chances for sizable quick-strike gains.

We ended the week with two final options target suggestions, and unsurprisingly, we hit on both of those as well. Our interests were the ULTA Weekly $335-345 Calls, and the CRM Weekly $232.50-237.50 Calls. ULTA was the favorite by a nose, but they both produced significant chances for intraday profit.

Here are the figures on the ranges and total possible gains on the table for those plays: 

ULTA Weekly $335-345 Calls
$335: 8.69-15.70 (+81%)
$337.50: 7.77-14.40 (+85%)
$340: 5.33-12.90 (+142%)
$342.50: 4.10-9.65 (+135%)
$345: 2.93-8.05 (+175%)
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CRM Weekly $232.50-237.50 Calls

$232.50: 6.28-9.82 (+53%)
$235: 4.00-7.50 (+87%)
$237.50: 2.24-5.07 (+126%)


Fresh Options Ideas:

This morning we are going to signal a longer-term set of calls for NGM, which is searching for a bottom at the present time. When the inevitable rebound occurs, there is a massive $10 gap on the chart to the upside which could pave the way for a nice rebound play in the NGM 07/16 $15-17.50 Calls.

We’ll also watch the CAN 06/18 $7.50-10.00 Calls, the KIRK 06/18 $25-27.50 Calls, and the CLDR Weekly $15-16 Calls on the heels of the three companies’ earnings drops this morning.
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Bonus Idea:
BABA Weekly $222.50-227.50 Calls


Good Gaming, Inc. GMER – One more brief note on another winning play for us- we signaled GMER in Friday’s extended watchlist and subsequently witnessed a pretty good performance from the stock. It traded in a range from .0461-.174, providing chances at huge gains of up to 277% on the day!


Extended Watchlist:
AMC, VTNR, CLDR, OEG, NWGC, SBFM, GRLT, WSGF, AVVH, RITE

SPY Calls Run as Markets Reach New Highs

Solid SPY Returns:

Our fresh quick strike options play to start off the week targeted SPY Weekly $401-403 Calls, in yesterday morning’s report. For newer readers who may not yet be aware, we often use the SPY (SPDR S&P 500 ETF) as a market analog for intraday swing trades. Yesterday, the markets got off to a hot start and didn’t let up much throughout the course of the day, with the NASDAQ and the S&P hitting new record highs. .

The bullish session provided our SPY targets with the impetus to record the following intraday moves and total potential gains:  

SPY Weekly $401-403 Calls
$401: 2.12-5.93 (+180%)
$402: 1.59-4.95 (+211%)
$403: .92-3.98 (+333%)
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Fresh Options Idea:
ACAD 06/18 $24-26 Calls 


Investview, Inc. INVU – Recap:

We last mentioned INVU in our morning report from a week ago today as a chatroom play from our Veteran Trading premium service. Since that time, we’ve witnessed a run from .315-.596 for an increase of 89% Our premium members had the chance to get in as low as .255 as you can see at the link above. That works out to a total upswing of 134%

We encourage any of our readers who may be interested in exactly how we formulate our daily trading ideas, and interested in learning to do so themselves, to contact us about subscribing to Veteran Trading. Click here to email us your contact information, and we’ll take care of the rest!


Extended Watchlist: 
EEENF, INND, NWGC, IMTL, NSAV, INCC, AWGI, FTEG, GRLT, BLUU, KYNC

Options Swing Trade Ideas & More

Recap of Friday’s Plays:

We finished out last week with a bang as we reaped the reward of some very good options ideas. Not only did our fresh ideas from Friday morning in the SPY and TLS pop off for multibag gains, but our targets in DRI from Thursday morning’s premarket report, also tacked on some impressive new highs.

These gains were added in roughly the final 90 minutes of the session, where the markets made an incredible surge into the close that sets this holiday-shortened week up to be very interesting.

Here are the trading ranges and total possible profits on our successful ideas, a couple of which are still active for another couple of weeks before expiration:

SPY Weekly $398-399 Calls 
$398:  1.85-7.63 (+312%)
$398.50: 2.23-6.44 (+189%)
$399: .53-5.32 (+903%)
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DRI 04/16 $135-140 Calls
$135
: 3.20-13.20 (+313%)
$140: 2.40-9.60 (+300%)
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TLS 04/16 $35-40 Calls
$35
: 2.70-4.80 (+78%)
$40: .60-3.00 (+400%)
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Fresh Options Ideas:
FUBO 05/21 $25-30 Calls


ViacomCBS, Inc. VIAC – Options Idea 

We’ve been taking note of the massive selloff in VIAC over the past week as the company’s massive fundraising efforts resulted in a huge $2.1B block trade priced at roughly $47/share. The stock has come all the way down to those levels and we want to enter a longer-term swing trade idea to coincide.

We are going to radar the VIAC 06/18 $50-55 Calls and keep track of them over the coming weeks and months.


Extended Watchlist: 
HCMC, VBHI, RXMD, MMEDF, MINE, TKOI, GRLT, IJJP, WSGF