Cautious Yet Bold Options Strategy Keeps Bearing Fruit

Yesterday’s Options Success: 

It seems like the winds of fortune have been gusting in our favor for quite some time now, with the options targets we outlined in yesterday’s morning report all producing gain opportunities on some level. That makes for the fourth straight session in which every single one of our interests has given traders a shot as compounding their funds.

Our daily focus was trained on the AVAV 07/15 $75-70 Puts, the GIS 07/15 $70-72.50 Calls, and the MKC 07/15 $90-80 Puts, which all put forth some measure of intraday run in what amounted to a bit of a choppy day for the markets as a whole. Things in that regard have become rather harder to predict, but we’ve been trying very hard to select potential plays with a good risk/reward balance. Here’s where our efforts led yesterday:

AVAV 07/15 $75-70 Puts
$75: 
2.49-4.49 (+80%)
$70: 1.29-2.20 (+71%)
_____

GIS 07/15 $70-72.50 Calls
$70: 
2.50-5.10 (+104%)
$72.50: 1.05-3.07 (+192%)
_____

MKC 07/15 $90-80 Puts 
$90: 6.00-7.20 (+20%)
$85: 2.01-3.37 (+68%)
$80: .60-1.20 (+100%)


Fresh Options Ideas:
YETI 08/05 $46-47 Calls
WBA Weekly $38.50-39.50 Calls
DCT 07/15 $17.50-15 Puts
SGH 07/15 $17.50 Calls 


Extended Watchlist: 
TXTM, SEII, EMGE, HIRU, WNFT, PPCB, REVB, NRSN, ASPN, MARK, DNAY, CSCW, MULN

Closing Out the Week Strong, Fresh Ideas

Options Reviews:

It’s a challenging time to be navigating the daily ins and outs of the current economic environment, especially with a dearth of big name earnings on the docket, but we have still been managing quite well, all things considered. Two of our three options targets went for some nice gains yesterday, and in addition to those, we have updated on a couple of longer term plays that have come into some really solid moves. 

Yesterday’s winning targets from our premarket report were the ADBE Weekly $372.50-370 Puts, and the KR Weekly $51-49.50 Puts, so we’ll have the intraday figures on those for you below. Both of the other plays from past reports expire today as well, and the moves below represent the overall increases we’ve observed since formulating the ideas. It was our report on Friday the 3rd when we signaled the ASAN 06/17 $22.50 Puts, and Tuesday the 7th when we put the GTLB 06/17 $40-45 Calls on our radar.

ADBE Weekly $372.50-370 Puts
$372.50:
 13.15-19.00 (+44%)
$370: 11.89-18.20 (+53%)
_____

KR Weekly $51-49.50 Puts

$51: 1.75-2.73 (+56%)
$50: 1.00-2.01 (+101%)
$49.50: .97-1.62 (+67%)
_____

GTLB 06/17 $40-45 Calls
$40: 2.50-7.87 (+215%)
$45: .81-4.50 (+456%)
_____

ASAN 06/17 $22.50 Puts
$22.50: 1.82-6.20 (+241%)


Fresh Options Ideas:

ADBE Weekly $352.50-347.50 Puts*
MP Weekly $30 Calls*
GO Weekly $40 Calls*
BABA Weekly $105-108 Calls*

*Trading options on their day of expiration can carry a heightened level of risk and should only be attempted by seasoned options traders.


Extended Watchlist: 
REV, ATHX, MREO, KZIA, ELMS, BLBX, IMPP, SYSX, HIRU, VGID, RTON, 

More Sweeping Options Success, Fresh Ideas

A Second Consecutive Clean Options Sweep:

We crushed it on options ideas in Friday morning’s premarket report, setting our readers up with three earnings related trading possibilities, all of which produced big intraday gains. The markets slid all the way until shortly after lunchtime, and then clawed their way back, running into the close, which allowed for great movement in both our bullish and bearish ideas. It was the second straight day where literally everything we highlighted went bananas.

We were tracking the FL Weekly $29-31 Calls, the PANW Weekly $475-487.50 Calls, and the DE Weekly $360-350 Puts, and each and every contract set contained within those ranges recorded large runs, and yielded the chance at the following excellent gain opportunities:

FL Weekly $29-31 Calls
$29:
 1.80-2.80 (+56%)
$30: .87-1.85 (+113%)
$31: .38-.99 (+161%)
_____

PANW Weekly $475-487.50 Calls
$475: .25.-3.67 (+1368%)
$477.50: .20-2.00 (+900%)
$480: 5.98-16.00 (+168%)
$482.50: 6.06-11.00 (+82%)
$485: 4.00-11.89 (+197%)
$487.50: 3.77-10.55 (+180%)
_____

DE Weekly $360-350 Puts

$360: 15.50-51.00 (+229%)
$355: 14.00-47.04 (+236%)
$350: 12.35-45.42 (+268%)


Fresh Options Ideas:
SPY 05/23 $391-393 Calls*
COIN 06/10 $70 Calls

*Trading options on their day of expiration can be risky. Please don’t try it unless you are well-versed in options trading. 


Siga Technologies, Inc. SIGA – Update:

It’s always a good idea to copy our daily extended watchlists into your favorite tracking site/software and monitor their activity along with us. Many times they will contain hidden OTC gems like SIGA, which just received FDA approval for intravenous (IV) formulation of its TPOXX® monkeypox treatment. It was even mentioned by name in a recent budget request from the Biden administration for treatments against the rising health threat.

SIGA appeared in Thursday morning’s extended watchlist and saw a low of 8.00 that day. This morning in early trading the stock is up as much as 119% to a premarket high of 17.50. We will continue tracking its movements as the FDA news continues to filter through the investment community.


Extended Watchlist:
PBI, CMRX, GOVX, CBIO, VMW, PRCX, THER, RDGL, HIRU, ITNS, URYL