Kicking Off the First of Two Short Trading Weeks

Dave & Busters Entertainment, Inc. PLAY – Options Review:

We just had a single solitary options idea that we formulated for Friday morning’s premarket report, in the Dave & Busters chain, the PLAY 01/20 $35-37 Calls. We’ve got an update on this morning to start off this short week, which we expect to be rather laid back, if prior years are any indicator.

There weren’t any other interesting earnings reporters going out on the day, but we managed to eke out some decent gains. We’re going without earnings once again today, but we’ve got some increased activity in the OTC as you’ll read about below.

PLAY 01/20 $35-37 Calls
$35: 1.03-1.85 (+80%)
$36: .72-1.27 (+76%)
$37: .60-.81 (+35%)


More OTC Recaps:

We tend to lean more heavily on the OTC toward the end of the year, when penny stocks typically heat up compared to the larger markets. Not many large companies are reporting earnings at the moment, and OTC tax loss selling can hammer a lot of these stocks down. That, in turn, causes a wave of opportunistic traders like ourselves to swoop in and accumulate cheap shares. The net result is a heightened landscape of possibility for many over the counter stocks.

Below, we’ve got a group of OTC plays we’ve been tracking in recent reports that posted some new highs on an otherwise mundane Friday. We last alerted STRY and BIEI on the 20th, and GTII just a couple of days later. Here were the updated figures on the total ranges and possible gain opportunities as we closed out the trading week:

Starry Group Holding, Inc. STRY
Alerted: December 20th
Range: .0165-.0335 (+103%)
_____

Premier Biomedical Inc. BIEI
Alerted: December 20th
Range: .0031-.006 (+99%)
_____

Global Tech Industries Group, Inc. GTII
Alerted: December 22nd
Range: .74-1.20 (+62%)


Extended Watchlist:
ICNM, OTTV, CYDY, CLOW, DBMM, HIRU, BWLKF, APE, ATNF, HTGM, NEPT, CEI, GMTX

Another Week of Promising Opportunities on Deck

Kicking Off Another Exciting Trading Week:

We couldn’t have written a better ticket for ourselves last week in terms of all the excellent options success we achieved, really, throughout the entire week. We might have had one idea through that whole span that didn’t provide us a chance at quick returns. As for Friday, not only did all three of our designated targets for the day record nice moves, but we got some incredible new highs in the MOMO Weekly $5-6 Calls we signaled for observation on Thursday, after MOMO stock itself ran from 5.28-9.49 (+80%)

As for the rest, Friday’s fresh plays were the TSLA Weekly $170-172.50 Calls, the SPY 12/09 $394-396 Calls, and the NFLX Weekly $312.50-317.50 Calls, and here is the breakdown of the kinds of gains that were available, including the MONSTER moves from MOMO on the order of 1200-2000% on the day!

TSLA Weekly $170-172.50 Calls
$170: 4.36-12.50 (+187%)
$172.50: 2.70-10.00 (+270%)
_____

SPY 12/09 $394-396 Calls
$394:
1.76-3.69 (+110%)
$395: 1.28-2.82 (+120%)
$396: .88-2.10 (+139%)
_____

NFLX Weekly $312.50-317.50 Calls
$312.50: 6.65-16.50 (+148%)
$315: 4.95-14.00 (+143%)
$317.50: 3.70-11.60 (+213%)
_____

MOMO Weekly $5-6 Calls
$5: 1.00-4.00 (+300%)
$5.50: .30-3.90 (+1200%)
$6: .15-3.15 (+2000%)


Fresh Options Ideas:
COUP Weekly $76-79 Calls
SPY 12/12 $393-394 Calls


Extended Watchlist:
APVO, HTGM, HZNP, TNXP, BOIL, CTM, NLST, BRLL, RJDG, ADHC

Options Review, Four Fresh Ideas

Options Review: 

This morning we’re going to start off by going over the options plays that worked out for us yesterday. We were tracking ideas in the TLRY and SPY chains that produced moderate, and excellent gains, respectively.

We were going after the TLRY Weekly $7-7.50 Calls, and the SPY 04/06 $448-446 Puts. and those plays did manage to record solid performances on the day as the markets were depressed on the session. While the Tllray calls only managed small moves, the SPY Puts exploded for huge multibsag runs.

TLRY Weekly $7-7.50 Calls
$7:
 1.06-1.45 (+37%)
$7.50: .80-1.18 (+48%)
_____

SPY 04/06 $448-446 Puts
$448: .55-2.80 (+409%)
$447: .27-1.91 (+607%)
$446: .14-1.20 (+757%)


Fresh Options Ideas:
CRMT 09/16 $75-85 Calls
CAG 04/08 $35-33 Puts
STZ 04/08 $237.50-232.50 Puts
LW 04/15 $60 Calls


Icon Media Holdings Inc. ICNM – OTC Recap:

To quickly update on the performance of an OTC stock we’ve been tracking in recent weeks, ICNM moved the needle yesterday as it ran from .0013 to .,0023 on the day.

That works out to an upswing of 77% and warrants further observation of the stock as it presses into blue skies.


Extended Watchlist: 
PRCX, NHLE, AWSI, RSHN, CGAC, SLDX, MNTS, HTGM, ERYP, MDVL, 

Blue Horseshoe Stocks: Pharma News

Pharma News Drives Sector

Somewhat of a reversal of fortunes has befallen major healthcare middlemen this week, and for them it’s good news. The Trump administration is doing a 180° on proposed changes to drug rebates that would have cost the healthcare industry.

The development is causing healthcare stocks to rise here in the premarket, and a few that have caught our eye in particular, are UNH, CI, and CVS. Each of these plays is flying high in early trading, so what we’re going to look for is a classic dip-and-rip scenario. Profit-taking right out of the starting gate should drive these stocks down off of their lofty premarket highs, and that’s when where we come in with the following ideas.

CVS Health Corp. CVS Weekly $57-58.50 Calls
Cigna Corp. CI $167.50-175 Calls
United Health Corp. UNH $250-255 Calls 


Extended Watchlist:
PCG, NAVB, TRNX, OMER, ATOS, HTGM, DPLO, KBLB

Blue Horseshoe Stocks: Wednesday’s Runners, Fresh Ideas

Reviewing Yesterday’s Runners

To start off the week yesterday morning we formulated a trio of fresh options idea to track, and we can gladly announce that all three produced the opportunity to net multibag gains. Our options ideas have been as good in 2019 as any time in our eight year history, and we ain to keep that trend going!

Take a look at yesterday’s fresh ideas, and the bullish activity they recorded:

KNDI Weekly $6-7 Calls

$6 Calls – Range: 1.35-2.90 – Max Gain: 115%
$7 Calls – Range: .72-2.10 – Max Gain: 192%
_____

GDXJ Weekly $34-34.50 Calls

$34 Calls – Range: .52-1.02 – Max Gain: 96%
$34.50 Calls – Range: .26-.58 – Max Gain: 123%
_____

GRMN Weekly $74.50-76.50 Calls

$74.50 Calls – Range:
2.90-8.06 – Max Gain: 178%
$75 Calls – Range: 1.52-8.35 – Max Gain: 449%
(There are no $75.50 Calls)
$76 Calls – Range: .71-6.80 – Max Gain: 858%
$76.50 Calls – Range: .72-6.12 – Max Gain: 750%
_____

Fresh Options Ideas – In addition to continuing to keep an eye on the previously mentioned plays, we will also add to the pool with another couple of ideas today. In these cases we are going to go bearish.

Domino’s whiffed on earnings and revenue in its premarket release today, while same-store sales increased only slightly. Meanwhile, the high profile injury to Duke basketball player Zion Williamson last night caused by a Nike shoe malfunction, has the potential to have a deleterious effect on Nike’s stock in the near term.

Domino’s Pizza Inc. DPZ Weekly $270-260 Puts
Nike, Inc. NKE 03/15 $84-83.50 Puts


Extended Watchlist:
ESNC, CVRS, ATNM, HTGM, BOXL, GEVO, KL, GOGO

Get Our FREE Daily Reports!