JNJ Archives - Page 7 of 9 - Blue Horseshoe Stocks

HUGE Options Success on Short Week

Johnson & Johnson JNJ

Our coverage of JNJ options continues today as we close out this short trading week. We have been hot on the trail of this chain since last Monday, adjusting our ideas as we go, and have landed on the JNJ Weekly $140-142 Calls. Those contract sets have set new highs for us multiple times already, and yesterday’s session was no exception.

The markets went on another tear, going majorly green across the board, and that produced the following ranges and potential intraday mega-gains:

JNJ Weekly $140-142 Calls
$140: .55-4.40 (+700%)
$141: .37-3.35 (+805%)
$142: .25-2.68 (+972%)
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SPDR S&P500 (ETF) SPY – We would also like to update on the SPY calls we made this Monday morning. We signaled the Weekly $258-260 Calls, and those have made some really nice headway as well, providing for the following gain opportunities:

Weekly $258-260 Calls
$258: 4.07-16.85 (+314%)
$259: 3.61-15.86 (+339%)
$260: 3.11-15.13 (+386%)

We will go ahead and roll up to track the SPY Weekly $274-275 Calls into the close today.

More Options Updates

We also generated a pair of fresh ideas for yesterday’s morning report based off of earnings, and both of those played fairly well on the day.

LEVI 04/17 $12-13 Calls
$12:.80-2.00 (+150%)
$13: .30-1.15 (+283%)

SGH 04/17 $22.50-25 Calls
$22.50: 2.05-3.21 (+52%)
$25: .65-1.85 (+185%)

Extended Watchlist:
USWS, TLSA, TBLT, NLS, ZSAN, RIG, MFSO

Added Note:

We have been getting an inordinate amount of new subscribers in recent weeks, with more people at home, and still more who are simply trying to maximize their trading opportunities during this difficult time. Regardless of your reasoning for joining our ranks, we would like to offer you a big ‘Welcome to the Family’, and encourage all newcomers to take advantage of our live daily traders chats on Skype (Send contact request to “stocksumo”)

DECN Recap & More

Decision Diagnostics, Corp. DECN

We began tracking DECN just under three weeks ago, back on the morning of March 19th. The stock caught our attention after announcing that it was working on a rapid-result COVID-19 test. Subsequent to that point in time, it was trading for as little as .056/share.

Yesterday, following another tag in our extended watchlist, and as an update on the company’s coronavirus test was provided (excerpt and link below), the stock reached some very impressive new highs. It’s not the first coronavirus related play we’ve scored on, and it won’t be the last.

DECN ran 216% intraday from .125 to a new high of .395. From our initially observed low from the week before last, the stock has now exhibited an upswing of 605%

Decision Diagnostics Corp. (OTC PINK:DECN) through its subsidiary Pharma Tech Solutions, Inc. …announces today that the company has received the Pre-EUA Acknowledgement letter from the U.S. FDA for device (serial number) PEUA200232, GenViro Covid-19 Screening Kit. This grant by the FDA is a major milestone in our GenViro!™ Covid-19 test kit development (>>View Full PR)

Johnson & Johnson JNJ – Recap

After seeing success with a number of different targets within the JNJ chain over the past week and change, we rolled our potential strike prices up to the JNJ Weekly $140-142 Calls yesterday morning.

Being one of the lead candidates for potentially developing an effective COVID-19 vaccine, it puts JNJ in a somewhat unique position, as experts have repeatedly stated that the world cannot begin to fully recover until a viable vaccine is being widely administered sometime next year.

Our move to the $140-142 Calls proved prudent yesterday, as early activity provided the following intraday opportunities:

JNJ Weekly $140-142 Calls
$140: .89-2.88 (+224%)
$141: .62-2.31 (+273%)
$142: .43-1.67 (+288%)
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Fresh Ideas:
LEVI 04/17 $12-13 Calls
SGH 04/17 $22.50-25 Calls

Extended Watchlist:
BIEI, MBRX PINS, BNGO, SONN, EFC, NYMT

Options Updates, Fresh Ideas

Options Updates
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Johnson & Johnson JNJ – We initially made the longer-term call on the JNJ 09/18 $150-155 Calls at the beginning of last week, and yesterday morning as part of an update on those targets we also gave a more immediate idea with the JNJ Weekly $134-137 Calls. The markets absolutely ripped yesterday, and that catapulted both sets of ideas to new heights.

Here are the updated highs on last Monday’s September calls, as well as the single-session ranges on the weeklies:

09/18 $150-155 Calls
$150: 2.90-5.80 (+100%)
$155: 2.27-4.00 (+76%)

JNJ Weekly $134-137 Calls.
$134: 3.19-7.20 (+126%)
$135: 2.54-6.00 (+136%)
$136: 2.09-3.95 (+89%)

We would also like to roll up to include the Weekly $140-142 Calls on our watchlist.

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SPDR S&P500 (ETF) SPY – We also signaled interest in a range of SPY calls in yesterday morning’s ;premarket report, highlighting the Weekly $258-260 Calls.

The bullish day for stocks across the board facilitated some very good moves in those three contract sets on the session. We expect these gains to be extended at the open, as the markets are gapping up once again this morning in early trading.

Weekly $258-260 Calls
$258: 4.07-10.66 (+162%)
$259: 3.61-9.98 (+176%)
$260: 3.11-9.25 (+197%)

Extended Watchlist:
CRON, TLRY, CGC, GUSH, BSGM, ALTD, HALB, DECN, NSPX, OZSC,

JNJ Update & More

Johnson & Johnson JNJ – Update

At the beginning of last week, upon the news of Johnson & Johnson’s coronavirus vaccine efforts, we highlighted a range of longer term calls in the options chain, and we wanted to kick things off today by relaying the performance that those have produced in a week’s time.

We highlighted the JNJ 09/18 $150-155 Calls, and they are off to a decent start. Here are the total ranges and possible gains on the pair:

09/18 $150-155 Calls
$150: 2.90-4.40 (+52%)
$155: 2.27-3.15 (+39%)

With the markets gapping up big today, and JNJ along with them, we expect to see those gains extended at the open, and with plenty of time before expiration, the sky is the limit at this point. We are also going to venture an idea for this week alone. with the JNJ Weekly $134-137 Calls.

Fresh Options Ideas:

SPDR S&P500 (ETF) SPY – In the case of the SPY, which we typically use as a market analog when we want to trade on current trends, we are going to be watching Weekly $258-260 Calls AND Puts. There is a very good chance that following the surge to start this short trading week, we could also see a significant pullback. We typically don’t straddle the fence in this manner, unless the implied volatility of the markets calls for it, and it seems that is the case at the present time.
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Bonus Idea:
The Simply Good Foods Co. SMPL 04/17 $20-22.50 Calls

Reviewing Winning Ideas, Formulating New Ones

Johnson & Johnson JNJ

We were correct in assuming yesterday would be a good day to put some options trading ideas for Johnson & Johnson on the table. The company is now at the center of the frantic pursuit of a vaccine to eradicate the deadly COVID-19 virus. We expect we will be following its role in this endeavor to completion.

For now, while we have signaled some longer-term options as well, we’re mainly interested in the short term plays we’re tracking and the moves they began to make yesterday. We will include the modest moves made by our September calls, but would expect to have to wait for them to come into play in a more meaningful way.

JNJ Weekly $125-130 Calls
$125: 5.15-9.81 (+90%)
$126: 4.00-9.00 (+125%)
$127: 4.00-8.00 (+100%)
$128: 2.95-7.37 (+150%)
$129: 2.86-6.65 (+133%)
$130: 2.45-5.96 (+143%)

09/18 $150-155 Calls
$150: 3.50-5.00 (+43%)
$155: 2.80-3.50 (+25%)

Top Ships, Inc. TOPS

Our chatroom call from Friday, which we highlighted in yesterday morning’s premarket report, tacked considerable gains onto our observed range after another huge bullish session. It saw a daily run from .36 to a new high of .62, which comes out to an intraday increase of 72%

From the low of .135 that TOPS saw on Friday morning when we offered it to our traders chat participants, yesterday’s new high mark represented a two-day upswing of 359% We’re seeing a significant pullback in the stock this morning, so this run has had it, but we’ll keep an eye skinned as it searches out a bottom, as a another swing to the upside may follow shortly thereafter.

Anyone who enjoys our premarket reports can also join our daily traders chats on Skype. It’s a place to get new ideas and even share some of your own in real-time throughout the course of each trading day. Send a Skype contact request to username “stocksumo” and we’ll see you there!

Streaming Stocks

More people are at home streaming content than ever before, and that is going to be true throughout the duration of the coronavirus crisis, which most experts agree will persist until a vaccine is successfully produced, sometime in 2021. Here are a couple of obvious players who stand to maintain solid business through this new dynamic, and some corresponding ideas.

ROKU Weekly $87.50-89 Calls
NFLX $365-372.50 Calls

Extended Watchlist:
HALB, NSPX, ABCE, BIEI, CYDY, SPHS,