Closing Out a Short Yet Sweet Trading Week

Wednesday’s Options Runners:

We were running a little light yesterday with regard to the slate of earnings reporters from which we had to choose some daily options plays, but that didn’t stop us from producing a pair of solid runners on the day in our premarket report. Both of the ideas we ventured possible targets in, recorded some significant intraday movement for us in a positive direction.

Our areas of interest were the SMPL 04/21 $40-35 Puts, and the DLO 04/21 $16-15 Puts, and while the potential gains they produced weren’t life-changing, they were certainly very respectable, as they put up the following figures for the session:

SMPL 04/21 $40-35 Puts
$40:
 3.30-4.50 (+36%)
$35: .30-.75 (+150%)
_____

DLO 04/21 $16-15 Puts
$16:
 1.32-3.70 (+180%)
$15: .65-3.00 (+362%)


Fresh Options Ideas:
STZ Weekly $220-225 Calls*
LEVI 04/21 $18 Puts
LW 04/21 $105 Calls
BA 05/05 $220-210 Puts

*We do not recommend you try to trade options on their day of expiration unless you are an experienced trader with access to disposable funds. 



Extended Watchlist:
YVR, OCTO, AMC, MCOM, GRRR, HCNWF, MONI, AABB, MASN

Friday’s Big Winners, Fresh SPY Plays

Huge Close to Last Week:

We closed out the trading week on Friday in a big way, with both of the sets of October options targets that we signaled going on to record some quite substantial moves and total possible gains for anyone who was tracking the plays we highlighted. Additionally, we had more new highs in the STZ Puts we’d been tracking from the session, as well as a massive move from another play from Thursday morning.

All in all it was an explosion of gains in many of the targets we’ve been focused on, making for an excellent finish to the week. The specific plays we’re referring to were the SPY 10/07 $372-369 Puts and the LEVI 10/21 $16-15 Puts from Friday’s report, and the STZ Weekly $240-237.50 Puts along with the ANGO 10/21 $20 Puts from Thursday. Here are the overall moves we’ve witnessed in all of them. We had gone heavy to the bearish side, and were rewarded as such:

SPY 10/07 $372-369 Puts
$372: 
3.67-10.87 (+196%)
$371: 3.05-10.00 (+226%)
$370: 2.49-9.08 (+265%)
$369: 1.97-8.03 (+308%)
_____

LEVI 10/21 $16-15 Puts
$16: 1.09-2.35 (+116%)
$15: .50-1.35 (+170%)
_____

STZ Weekly $240-237.50 Puts
$240:
 5.80-14.41 (+148%)
$237.50: 4.99-14.50 (+191%)
_____

ANGO 10/21 $20 Puts
$20: .72-6.00 (+733%)


Fresh Options Ideas:
SPY 10/10 $361-363 Calls
SPY 10/14 $365-367 Calls


Extended Watchlist:
IMUX, CRKN, NURO, MMTLP, GPOX, GEGI, DVLP, TONR, BVAXF, NSAV, UNRV

Four-Pack of Fresh Options Ideas

Options Recaps:

We are going to cap off this trading week by going over some of the new highs and ranges on options plays we’ve been tracking, starting with the ideas we signaled for observation in yesterday morning’s premarket report. We’ll also go over an idea from last week that came back around for another solid run.

Yesterday’s movers were the STZ Weekly $240-237.50 Puts, and the PTON 11/04 $8.50-9.00 Calls. We called the KMX 10/21 $75-70 Puts last Thursday morning, and they geared up for another nice move this week. Here are the numbers we were working with on these ideas through yesterday’s session:

STZ Weekly $240-237.50 Puts
$240:
 5.80-12.60 (+117%)
$237.50: 4.99-9.40 (+88%)
_____

PTON 11/04 $8.50-9.00 Calls
$8.50: 1.12-1.32 (+18%)
$9.00: .91-1.42 (+56%)
_____

KMX 10/21 $75-70 Puts
$75:
5.90-9.80 (+66%)
$72.50: 5.20-7.30 (+40%)
$70: 2.75-5.99 (+118%)


Fresh Options Ideas:
SPY 10/07 $372-369 Puts
LEVI 10/21 $16-15 Puts
AXON 11/18 $120-125 Calls
ED 11/18 $82.50-85 Calls


Extended Watchlist:
BOMO, MJNA, BERI, AAWH, PLPL, TSOI, PHIL, MRMD, LUCY, HEXO, AKAN, AMBC

Friday’s Big Movers, Fresh Targets

Fridays Big Movers: 

We finished out the week on a high note Friday, with both of the potential options plays we signaled in our premarket report posting good gains on the day. We’ve got just this week to get through, and we’ll be back in the midst of another earnings season. As most of our readers should know by now, we swear by the volatility produced by big-name earnings reporters, and it has been a long 6 weeks of the same being few and far between.

As for Friday’s ideas, we were honed in on the LEVI Weekly $17 Calls, and the WDFC 07/15 $190-185 Calls, . The Levi calls were far and away the hotter idea, but WD-40 also recorded some very nice moves for us.

LEVI Weekly $17 Calls
$17:
 .05-.47 (+840%)
_____

WDFC 07/15 $190-185 Calls
$190: 1.79-3.50 (+96%)
$185: .53-1.90 (+258%)


Fresh Options Ideas:
AZZ Weekly $40 Calls
AMK 11/18 $20 Calls
DWAC Weekly $27-28 Calls


Extended Watchlist: 
UPST, WNFT, ILIM, CHNC, SYSX, CZNI, GMPR, MSVI, PLRX, PHUN, MULN, DWAC, ITRM, TBLT, TTOO,

Putting a Cap on a Fruitful Short Week

Options Review: 

We went bearish on the pair of options ideas that we highlighted for yesterday morning’s premarket report, and they posted some pretty nice intraday moves, considering the markets as a whole went on an impressive daily run.

Our areas of interest were the HELE 07/15 $160-150 Puts, and the SLP Weekly $55-50 Puts. Both ranges of contracts yielded two separate chances to pocket multibag proceeds on the day, with the SLP $50 Puts stealing the show on the strength of a massive four-bagger. Those potential gains were as follows:

HELE 07/15 $160-150 Puts
$160: 
7.80-10.30 (+32%)
$155: 2.55-6.40 (+151%)
$150: 1.54-3.25 (+111%)
_____

SLP Weekly $55-50 Puts 
$55: 1.60-4.00 (+150%)
$50: .15-.88 (+487%)


Fresh Options Ideas:
LEVI Weekly $17 Calls*
WDFC 07/15 $190-185 Calls

*Trading options on their day of expiration can carry a heightened level of risk and should only be attempted by seasoned traders.


United Maritime Corp. USEA – NASDAQ Recap: 

Our daily extended watchlists are typically a mix of the stocks from both the upper and lower exchanges, and while we usually don’t see the type of quick gains USEA posted yesterday from a NASDAQ stock, it did post a solid daily run and is gapping up in premarket trading this morning. The stock traded for as little as 6.16 a share following yesterday’s alert, and this morning it has reached as high as 10.12 in early trading, which represents an overnight increase of 64%


Extended Watchlist: 
GMPR, SNWGF, UVSS, BONZ, IINX, GEGI, SRG, APRE, ISIG

Get Our FREE Daily Reports!