GFS Calls Post 1100% Gainer, Fresh Plays

Options Review:

Things took an unexpected turn for the markets yesterday, with all premarket signs pointing to a lackluster day, but the session itself turning out to be generally bullish. The result was an added push for the bullish play on our radar, while the bearish ones fell by the wayside.

We’ll recap the daily performance of those YOU Weekly $30 Calls, and we also want to include a couple of updates on two sets of longer-term plays that we added into the mix last Tuesday. On the morning of the 8th, we signaled interest in the GFS 08/19 $60-65 Calls, and the XOM 09/02 $95-96 Calls
and both of those have turned out to be excellent ideas, posting the following huge runs over the past week:

YOU Weekly $30 Calls
$30: 
.15-.40 (+167%)
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GFS 08/19 $60-65 Calls
$60: .80-6.40 (+700%)
$65: .22-2.80 (+1173%)
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XOM 09/02 $95-96 Calls
$95: .80-2.58 (+222%)
$96: .90-2.06 (+129%)


Fresh Options Ideas: 
WMT Weekly $136-138 Calls
HD Weekly $315-312.50 Puts
GLBE Weekly $30 Calls


Extended Watchlist:
INKW, WPUR, INTK, TVPC, DPLS, ONCI, MEGL, FRZA, AMTD, GBOX, TGL, EMBK, IZEA, DNA

Exponential Gains on LULU Options & More

Major Options Movers:

We absolutely crushed it with our earnings plays once again yesterday, signaling a trio of related options ideas in our premarket report. Despite a mixed, yet primarily down day for the markets, the volatility provided by these companies’ earnings drops powered some significant positive intraday movement.

We were targeting the LULU Weekly $360-370 Calls, the MU Weekly $82-85 Calls, and the BNTX Weekly $182.50-187.50 Calls, and of course they all produced solid opportunities for us. Additionally, we have an update on the DOOO 04/14 $70-75 Calls  which we signaled for observation on Friday morning, and have since tacked on more new highs.

The breakdown of those single session gainers as well as that 4-day swinger are as follows:

LULU Weekly $360-370 Calls
$360:
 7.50-26.41 (+252%)
$365: 5.00-23.23 (+364%)
$370: 3.57-20.00 (+460%)
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MU Weekly $82-85 Calls
$82:
 2.49-4.30 (+73%)
$83: 1.93-3.45 (+79%)
$84: 1.48-2.80 (+89%)
$85: 1.09-2.15 (+97%)
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BNTX Weekly $182.50-187.50 Calls
$182.50: 3.28-5.30 (+62%)
$185: 2.50-4.11 (+64%)
$187.50: 1.63-3.20 (+96%)
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DOOO 04/14 $70-75 Calls
$70:
 5.00-12.00 (+140%)
$75: 2.40-9.36 (+290%)


Fresh Options Ideas:
PATH 04/14 $25-22.50 Puts
WBA Weekly $47.50-46.50 Puts


Extended Watchlist: 
CLVS, LGVN, ISPO, IZEA, SNTG, FWBI, CELZ, XCPL, ECOX, ARGQ, EEENF

NKLA Explodes!

Nikola Corp. NKLA – HUGE Gainer

To start off the week yesterday morning, we entered into an idea for NKLA, a stock which had been on a steady rise for about the last month. Thanks to another ripper of a day for the markets in general, NKLA gained more ground just during yesterday’s session than the entire month-long run that preceded it.

It was an absolutely massive run from 40.42-73.70. That’s an 82% intraday boom, which for a forty-dollar stock is simply incredible. The party is not over yet, either. Here in the premarket this morning, NKLA has attained another new high of 97.41, stretching our 24-hour observed gain on the stock alone, to 141%

We had also highlighted a couple of strike-points in the options chain, and the gains there were absolutely ridiculous as well, not to mention the fact that we expect them to open far higher this morning, based on the premarket activity. All around this has been one of the most exiting plays of the year so far for us.

Here are the intraday moves and total possible gains on our options targets:

NKLA Weekly $42-43 Calls
$42:
 1.79-28.65 (+1500%)
$43: 1.34-28.00 (+1990%)
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Fresh Ideas:
TIF Weekly $122-124 Calls


JC Penney Co. JCPNQ – We had also tagged JC Penney in our extended watchlist yesterday and that stock also made a very nice move on the day. It traded in a range from .351 to .679, which represents a move of 93%
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iGen Networks Corp. IGEN – Additionally, we had included IGEN in our watchlist on Wednesday morning, and this subpenny OTC play has also put up quite a performance. It has run from a low of .0022, and yesterday reached .0083, which marks a total gain of 277%


Extended Watchlist:
IZEA, ABML, TRNX, ZHUD, AMAZ, BLXX, VIRA