Wrapping Up a Challenging Yet Fruitful Week

Yesterday’s Movers:

The end of another trading week is upon us, and while market conditions have certainly made it a challenge, we’ve still been able to log some pretty good ideas and subsequent chances for traders to benefit. Yesterday morning’s premarket report yielded three out of four movers, and while the gains weren’t off the charts, there were still solid plays to be made.

Our movers for the day were the TCOM 10/21 $25-26 Calls, the LEN Weekly $75-76 Calls, and the DRI 10/21 $125 Puts, and the modest-to-intermediate gains they registered on the session were as follows:

TCOM 10/21 $25-26 Calls

$25: 1.35-2.50 (+85%)
$26: 1.11-1.90 (+71%)

LEN Weekly $75-76 Calls
$75: 2.77-3.35 (+21%)
$76: 1.82-1.89 (+4%)

DRI 10/21 $125 Puts
$230: 3.70-5.42 (+46%)

Fresh Options Ideas: 
SPY 09/23 $371-369 Puts
COST Weekly $465-475 Calls

Global Tech Industries Group, Inc. GTII – OTC Recap:

We caught a pretty good gainer with GTII on yesterday morning’s extended watchlist. The stock posted a nice little breakout for us that fell just shy of producing a double-bag gain opportunity for us. GTII ran from a low of .93 and went on to hit its daily high at 1.78. That works out to a single-session run of 93% and it came on the stock’s second-highest volume day of all time!

Extended Watchlist:

Another Pair of Options Bangers, Fresh Plays

Big Time Options Runners:

Yesterday was a very interesting day on the markets, as the Fed Meeting predictably threw an element of extreme volatility into the mix that typically helps swing traders such as ourselves and most of our readers. The activity sent the SPY 09/21 $386-385 Puts, which we signaled for observation on Tuesday morning, into an absolute frenzy of multibag movement.

We also had signaled a longer-term set of calls in the GIS 10/21 $77.50-80 Calls, yesterday morning, and General Mills bucked the trend so heavily that we didn’t even have to wait days or weeks for the idea to mature, as is often the case with our signals that have expiration dates weeks or months into the future. Those too made excellent moves during what turned out to be a very exciting trading day.

SPY 09/21 $386-385 Puts
 .73-9.03 (+1137%)
$385: .50-7.98 (+1496%)

GIS 10/21 $77.50-80 Calls
 1.60-4.40 (+175%)
$80: .62-2.50 (+303%)

Fresh Options:
LEN Weekly $75-76 Calls
TCOM 10/21 $25-26 Calls
DRI 10/21 $125 Puts

PLUG 10/21 $25-26 Calls

Extended Watchlist:

A Selection of July Calls & More

Winning Options Review: 

We were pleased to start off the short trading week with a bang yesterday, getting right back on track with a couple of options trading ideas that netted some good intraday gain opportunities for anyone who was paying attention. The markets ripped all day long, so it was definitely a good time to go bullish on the SPY.

We did so with the SPY 06/21 $369-371 Calls, and we also stuck in an idea for the one earnings play that stood out to us on the day, the LEN Weekly $64-66 Calls. In both cases, the potential profits reach multibag territory. Those moves were as follows:

SPY 06/21 $369-371 Calls
 3.76-7.43 (+98%)
$370: 2.88-6.52 (+126%)
$371: 2.59-5.50 (+112%)

LEN Weekly $64-66 Calls

$64: 1.90-4.03 (+112%)
$65: 1.88-4.00 (+113%)
$66: 1.05-3.23 (+208%)

Fresh Options Ideas:

We’re in the midst of an earnings drought that is going to persist for at least a few more weeks, but we’re still trucking right along, working with what we’ve got. Today’s earnings play that stands out in the premarket is from the Winnebago chain, while we’ve also noticed some insider buying near the bottom on NLOK.

WGO 07/15 $45-50 Calls
NLOK 07/15 $24-25 Calls
FL 07/15 $31-32 Calls

Revlon, Inc. REV – Recap: 

We’ve also got an update on Revlon, which we tagged for observation on Friday morning. The stock has followed that alert up with two nice sessions in a row now. Our observed range for that period is 2.73-6.95 (+155%) This morning’s premarket high of 8.39 marks an overall increase of 207% over just a few trading days!

Extended Watchlist: