Tag: JNJ

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