More Flawless Options Performance, New Ideas

Another Straight Flush of Options Ideas:

Our daily options ideas that we formulated for yesterday morning’s premarket report contained a varied mix of bullish and bearish targets as well as expiration dates, and thanks to a generally volatile session for stocks in general, all four of those plays put together some pretty good intraday moves for us. It marks the second consecutive session that every single idea we put forth managed to record sizable gains.

We were targeting the IIVI 09/16 $55-60 Calls, the WOOF Weekly $15.50-14.50 Puts, the LZB 09/16 $30 Calls, and the JWN Weekly $21-20 Puts, and the very nice intraday runs and total possible gains for shrewd traders on these ideas were as follows:

IIVI 09/16 $55-60 Calls
$55: 
2.05-3.70 (+80%)
$60: .60-1.26 (+110%)
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WOOF Weekly $15.50-14.50 Puts
$15.50: .60-1.30 (+117%)
$15: .25-.78 (+212%)
$14.50: .17-.45 (+165%)
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LZB 09/16 $30 Calls
$30: .90-1.40 (+56%)
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JWN Weekly $21-20 Puts
$21: 1.42-2.44 (+72%)
$20.50: 1.11-1.95 (+76%)
$20: .79-1.50 (+90%)


Fresh Options Ideas:
SPY 08/26 $413-415 Calls
SNOW Weekly $187.50-192.50 Calls
ADSK Weekly $227.50-235 Calls
DLTR Weekly $155-150 Puts
BURL Weekly $148-145 Puts


Extended Watchlist:
INND, PHIL, DPLS, HVCW, BOXS, HYSR, KPRX, VACC, KAVL, MOHO, SSY, FREY

Options Perfection, New Ideas

Perfect Streak of Options Plays:

We really turned the volume up to 11 yesterday in terms of our fortunes with options trading this week. We came out in our premarket report with a collection of four potential target ranges in some big name earnings reporters, and the results we got were quite pleasing.

All four of our designated plays produced some really good intraday movement and gain opportunities for ourselves, and our readers. For those of you who are newly subscribed to our daily reports, this is the well we typically like to dip into whenever possible. Big companies reporting their quarterlies provides daytraders with the price action and volatility that can allow for big time intraday successes.

Our targets that flourished yesterday were the DKS Weekly $111-113 Calls, the BEKE 09/16 $15-17.50 Calls, the PANW Weekly $550-565 Calls, and the ZM Weekly $89-86 Puts, and these were the moves they posted on the day:

DKS Weekly $111-113 Calls
$111: 
2.53-4.28 (+69%)
$112: 1.85-3.50 (+89%)
$113: 1.55-3.20 (+106%)
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BEKE 09/16 $15-17.50 Calls
$15: 
1.41-2.40 (+70%)
$17.50: .35-1.02 (+191%)
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PANW Weekly $550-565 Calls
$550: 
13.10-25.00 (+91%)
$555: 11.30-20.43 (+81%)
$560: 8.70-17.10 (+97%)
$565: 6.80-13.90 (+104%)
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ZM Weekly $89-86 Puts

$89: 3.78-8.00 (+112%)
$88: 3.20-7.10 (+122%)
$87: 2.65-6.15 (+132%)
$86: 2.05-5.40 (+163%)


Fresh Options Ideas: 
IIVI 09/16 $55-60 Calls
WOOF Weekly $15.50-14.50 Puts
LZB 09/16 $30 Calls
JWN Weekly $21-20 Puts


Extended Watchlist:
BBBY, DRUG, BRDS, IMPP, FTCH, TRQ, PMETF, GEGI, CRYM, DSGT

Blue Horseshoe Stocks: Updates, New Ideas


SPY Review 

On Friday, as we usualy do, we signaled some last minute ideas for options trading. In this case we called the SPY Weekly $292 Calls, and  we wanted to update readers on the performance those put forth.

Thanks to a surge in the markets later in the day,  which ran hard into the close, the SPY took off, and brought our trading idea with it. From a low of .37, the $292 Calls ran as high as 2.23. That was good for a single-day move of 503%

These instances should serve as an ongoing reminder of why we’ve shifted main focus to quick-strike options trading over the years. We have several multi-bag gainers like this each week. Case in point: Prior to this SPY Call we even had a couple of thousand percent gainers last week as well. We’ll attempt to find similar success once again as we kick off this holiday-shortened split trading week.

Fresh Idea:
SPY Weekly $295-296 Calls


MGM Resorts International Inc. MGM

We’ve been tracking a range of MGM contracts over the past few weeks, and the push into the close on Friday helped move the needle here as well.

Our targets have been the MGM 08/16 $28-30 Calls and while we have seen some decent little moves so far, there’s still plenty of time remaining before expiration. We wouldn’t be surprised to have to revisit these ideas again for more updates on added gains in the sessions to come.

$28 Calls – Range: 1.09-1.66 – Max Gain: 52%
$29 Calls – Range: .74-1.17 – Max Gain: 58%
$30 Calls – Range: .44-.75 – Max Gain: 70%
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Other Updates:

We had both PHUN and FRSX in our extended watchlist on Friday and both turned in solid first day performances. 

PHUN – Range: 2.69-3.86 – Gain: 43%
FRSX Range:1.55-2.94 – Gain: 90%


Extended Watchlist:
TRCH, TSEM, IIVI, KRTX, LLEX, OCUL, CIFS, GNW