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Stereo Vision Entertainment SVSN

We had SVSN hit our scanner this morning after we noticed an interesting PR coming across the wires. We’re always looking for new interests in the cannabis space, and SVSN fits that bill. Unlike many of the companies in the business conduct their activities primarily in the western states, SVSN has an operation in Florida.

The company just announced a February 1, 2018 Grand Opening of its majority owned subsidiary CannaVision’s Bay Pines medical cannabis and holistic pain management clinic in St Petersburg, Florida. (>>View PR)

We’ll be interested to track the progress of this new facility, and SVSN stock itself going forward.

SPDR S&P 500 ETF (SPY)

We also want to throw in a quick options idea for the SPY, which despite a momentary hiccup in its week’s-long bullish trend yesterday, looks to be gapping up and ready to get back on track today. There are a set of contracts expiring today that we want to radar: the SPY 01/17 $277.50-279 Calls*.

Please be aware that contracts approaching expiration are subject to evaporating premiums due to time decay, so these are quick-strike opportunities only. We’ll be looking for the classic early dip and rip pattern, which should present those chances for intraday flips.

*Be aware that this idea is extremely high risk, and for advanced level traders only!

Extended Watchlist:
TVPC, DDD, MITK, ADAP, ARGS, IOVA

Amazon.com Inc. AMZN – Options Recap

We’ve been tracking a wide range of AMZN calls since our premarket report on Monday morning.

We placed the AMZN 10/06 $965-980 Calls on watch as we were looking for a reversal from the stock that did occur. Yesterday we only provided the moves from the bottom and the top of the range to save time but today we’ll lay out the moves from every set of contracts we’ve been watching.

We mentioned that the gains we had seen up until yesterday morning could be added on to by what appeared to be a bullish session forthcoming, and that came to pass as well. Every set in the range has seen solid intraweek gains.

$965 Calls – Range: 19.25-27.00 – Max Gain: 40%
$967.50 Calls – Range: 25.24 30.20 – Max Gain: 20%
$970 Calls – Range: 15.30-32.05 – Max Gain: 109%
$972.50 Calls – Range: 15.30-28.94 – Max Gain: 89%
$975 Calls – Range: 13.62-26.70 – Max Gain: 96%
$977.50 Calls – Range: 13.48-26.95 – Max Gain: 100%
$980 Calls – Range: 11.39-25.28 – Max Gain: 122%

Lululemon Athletica

LULU was, for the most part, in a general downtrend during the month of August, but to kick off September it looks like a change in pattern in due.

The company posted a solid beat on its post-market quarterly earnings release yesterday, and we want to use that untraded-upon development potentially to our advantage using an options idea.

We’ve had tremendous success with the LULU chain in the past, and this time, we’re going to be tracking the LULU Weekly $60.50-62 Calls* for possible daytrades.

*We never discuss weekly options on a Friday without going out of our way to warn our readers that trading contracts with a weekly expiration on a Friday is exceedingly risky and should only ever be attempted by expert traders!!!

Extended Watchlist:
SDRL, APYO, RTNB, IOVA, NADL, ANFI, ADMP

Tag: IOVA

Blue Horseshoe Stocks: Cannabis News Play & More

Blue Horseshoe Stocks: Fresh Options Plays & More