More Big Name Earnings Reports, More Options Ideas

Yesterday’s Options Runners:

We cast a fairly wide net yesterday with respect to the number of potential targets we were monitoring, with five ideas on the daily slate in our premarket report. Despite another rough ride for the markets in general, most of those targets put forth early gain opportunities. Our bearish sentiment on Carvana of course led to the best chances.

The specific targets were the CVNA Weekly $91-88 Puts, the CSX Weekly $35-37 Calls, and the TSLA Weekly $1040-1060 Calls. and the possible intraday gains ranged from moderate to excellent. Here were the trading ranges they registered:

CVNA Weekly $91-88 Puts
$91: 
2.90-11.71 (+304%)
$90: 2.80-10.70 (+282%)
$89: 3.17-9.47 (+199%)
$88: 2.25-8.70 (+287%)
_____

CSX Weekly $35-37 Calls
$132: 
1.62-2.50 (+54%)
$133: 1.00-1.60 (+60%)
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TSLA Weekly $1040-1060 Calls 
$1040: 30.75-52.72 (+71%)
$1045: 27.45-48.29 (+76%)
$1050: 23.51-44.25 (+88%)
$1055: 21.91-40.00 (+83%)
$1060: 18.41-36.10 (+96%)


Fresh Options Ideas:
KMB Weekly $130-134 Calls*
SLB Weekly $40.50-41.50 Calls*
HCA Weekly 245-237.50 Puts*
SNAP Weekly $29-30 Calls*

*Please don’t try to trade options on their day of expiration unless you are well versed in options trading! 


Extended Watchlist:
TXTM, FAGI, GDSI, VLON, MITQ, IGDX, NVSGF, PMETF, CGSI

Blue Horseshoe Srocks: More PBR Success

Petroleo Brasileiro SA (Petrobras) PBR – Recap

After doing quite well with some PBR options to close out last week, we decided to update our idea to some weekly calls for this week yesterday morning, as we rolled up our strike range to the PBR Weekly $14.50-15.50 Calls.

With the head of steam that PBR has been building over the past several sessions, it came as no surprise to see our fresh ideas flourish as well. All three sets of contracts produced solid single session gains to start off the week:

$14.50 Calls – Range: .50-.91 – Max Gain: 82%
$15 Calls – Range: .25-.65 – Max Gain: 148%
$15.50 Calls – Range: .11-.30 – Max Gain: 173%


Extended Watchlist Recaps:

Yesterday we went over a couple of plays that have done well from our daily Extended Watchlists, and today we’ve got a few similar updates on more solid performers that we’ve tagged within the past few weeks. 

General Electric, Inc. GE
Called: 12/13 (>>View Report)
Subsequent Move: 6.77-8.79 +30% (>>View Chart)

Roku, Inc. ROKU
Called: 12/26 (>>View Report)
Subsequent Move: 27.06-42.98 +59% (>>View Chart)
Bonus Options Idea: ROKU Weekly $43.50-45.50 Calls

Axsome Therapeutics, Inc. AXSM
Called: Yesterday (>>View Report)
Subsequent Move: 5.79-8.89 +54% (>>View Chart)


Extended Watchlist:
DRYS, TMK, BPMX, HCA, WFT, HX, EMES, AXON, DGX