Hot Options Plays & More

Friday’s Big Performers:

Our first order of business on this morning is to go back over the two fresh options trading ideas that we formulated in Friday morning’s report. 

We were looking out for gains in the DKNG Weekly $58-59 Calls and the ABNB Weekly $185-190 Calls, and we certainly got what we were after. In a 5 for 5 sweep, every contract set that we designated for observation posted multibag intraday runs. As far as ABNB was concerned, the potential gains on the day were absolutely enormous.  

ABNB Weekly $185-190 Calls 
$185: 4.60-27.42 (+496%)
$187.50: 3.25-25.15 (+673%)
$190: 2.16-23.04 (+967%)
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DKNG Weekly $58-59 Calls
$58: 1.30-4.40 (+238%)
$59: .81-3.44 (+324%)

In the case of DKNG, premarket activity suggests that further gains are forthcoming, so we’re going to want to renew our idea for this fresh trading week and begin tracking the DKNG Weekly $62-63 Calls.
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More Fresh Options Ideas: 
SPY 03/01 $383-385 Calls
NRG Weekly $39-40.50 Calls 


Extended Watchlist: 
LTNC, IMTL, AABB, GTEH, GDET, MYDX, ICNM, GRLF, RDAR

Blockchain Blockbusters & More

Bitcoin Related Options Runners

We began the week by tracking bitcoin related stocks RIOT and MARA, and the options targets we formulated in each of them. On Monday morning we started with the RIOT Weekly $27-28 Calls and the MARA Weekly $26.50-28 Calls.

After solid success with those, on Tuesday morning we rolled up to include the $34-36 Calls in both chains on our watchlist. What unfolded from there has been a week filled with solid gain opportunities. Below, we will highlight the trading ranges and total potential gains on all of these targets through yesterday’s close.

RIOT is up considerably more than MARA in the premarket, however, considering the activity we’re observing, we would expect to see these figures increase today as we close out another excellent options trading week.  

RIOT Weekly Calls
$27:
 1.56-18.40 (+1079%)
$27.50: 1.50-18.32 (+1121%)
$28: 1.35-18.70 (+1285%)

$34: 1.37-12.43 (+807%)
$35: .99-11.50 (+1061%)
$36: .99-10.50 (+960%)
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MARA Weekly Calls 
$26.50: 1.91-14.00 (+633%)
$27: 1.48-13.10 (+785%)
$27.50: 1.51-12.75 (+744%)
$28: 1.43-12.50 (+774%)

$34: .76-7.10 (+834%)
$35: .81-6.29 (+676%)
$36: .57-5.52 (+868%)

Just as we have all week, we’ll be looking to stay on the money by including some higher strikes on our watchlist, with the RIOT Weekly $46-48 Calls and the MARA Weekly $38-39 Calls.


The Kraft Heinz Co. KHC – Recap

New in yesterday’s premarket report were the KHC Weekly $34-34.50 Calls which yielded the following moves and possible profits on the day:

KHC Weekly $34-34.50 Calls
$34: .68-2.62 (+285%)
$34.50: .57-1.80 (+215%)


Fresh Options Ideas:
DIS Weekly $190-192.50 Calls
NET Weekly $87-86 Puts  


Extended Watchlist: 
HVCW, ADTM, RNVA, RBNW, SRMX, LTNC, ECEZ, RTON, ELCR

Blue Horseshoe Stocks: Options Review, Fresh Ideas & More

Speed Commerce, Inc. SPDC

We were just reminding our readers about SPDC yesterday, which we’ve now tracked for three sessions since  our premarket report on Friday. We observed a low of .018 that day, and the stock hasn’t looked back since.

After another excellent PPS-enhancing performance on Monday, we suggested our subscribers continue to watch yesterday for the possibility of a protracted uptrend, and what followed was the biggest single-session move yet, and new highs for SPDC.

From an early low of .038, the stock rushed to .057 in the closing minutes. That represented a 50% intraday pop, and an overall three-day increase above our observed low of .018 amounting to 217%


Options Ideas

Rambus, Inc. RMBS – Recap

RMBS was the subject of an options trading idea we submitted yesterday morning, after noticing the stock gapping up in the premarket on a post-market earnings beat from the prior day. We targeted the RMBS 02/19 $12 Calls, and those contracts traded in a range from .37-.59; good for intraday gains of up 59%

Apple, Inc. AAPL

It’s been awhile since we signaled any AAPL options, but we’re presented with an opportunity this morning as the stock is down considerably in early trading on deflated sales forecasts, amongst other things. We’ll look for chances on the bearish side of things, namely the AAPL Weekly $97-95.50 Puts to try to take advantage of the consequences of shaken investor confidence.

Biogen, Inc. BIIB

An impressive beat on revenues and EPS is leading BIIB to a notable gap-up this morning,  we’ll definitely want to look for the possibility of a nice intraday upswing from the stock. To ensure we catch the heaviest action we’ll begin by monitoring every set of contracts in the range of BIIB Weekly $267.50 through $280 Calls.


Extended Watchlist:
CDII, LTNC, GNPT, GDSI, TPIV

Blue Horseshoe Stocks: Fresh Options Ideas & More

Options Ideas

With stocks characteristically lagging a bit as we head into the holiday break, and figuring to do so until the turn of the new year, we’re going to zero in on a couple of potential options plays.

Celgene Corp. CELG

CELG is gapping up into the $120-range this morning, and we will be interested in tracking its activity as things open up today with untraded-upon news of a significant nature. The company achieved a favorable outcome on a long-standing patent dispute which was announced yesterday post-market (View PR).

We will be looking for a possible dip-and-rip scenario, and will want to see the 50DMA of 115.03 hold as support on any pullbacks. Provided it can manage that, we will look to the CELG Weekly* $116-120 Calls for the possibility of some intraday flip opportunities.

*We must remind everyone that Weekly options contracts for this week will expire upon tomorrow’s 1PM Eastern market close. 

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Spirit Airlines, Inc. SAVE

SAVE is currently striking us as a potential extended-term swing-trade candidate. Despite already having experienced a sharp uptrend at the beginning of this month to rebound off of its annual lows, the stock is still trading at roughly half of its 52-week high. The possibility of a protracted recovery is very real, in our opinion.

SAVE January 15th $40 & 45 Calls are going to be the contracts that we will be placing on watch this morning, and for the next few weeks.

Additionally, as we’ve pointed out on the chart below, there is a significant gap from roughly $45-49. The filling of this gap would undoubtedly produce serious gains in the aforementioned options.


Swift Energy Co. SWYW

Speaking of large chart gaps, we’ve noticed one on SFYW, which has managed to rebound after falling off a cliff a couple of sessions back. We’ve identified the gap on the following snapshot:

We’ll go ahead and put SFYW on our radars over the next several sessions; a return to pre-gap PPS levels would spell a double-bagger from the current price.


Extended Watchlist:
NXGA, TALK, BLTA, LTNC, KWBT

Blue Horseshoe Stocks: Momentum Plays & More

Medbox, Inc. MDBX

MDBX is a stock that we were tracking fairly heavily over the course of the fall season, awaiting a solid bottom-bounce signal as the stock drew back steadily in PPS over a period of many weeks.

Yesterday we were sent into high alert mode with regard to MDBX, and while the observation came just a few minutes late to make it into our premarket report, it was shared in our trader’s chat promptly at the open as you can see from the following snapshot:

What ensued was an intraday run, and the strong bounce signal we were awaiting all along. From a low of .02 MDBX shot up 95% to reach an HOD of .039; that worked out to a 95% pop.

We felt it was another perfect illustration of why we encourage all of our followers to get in on our daily trader’s chats. There are often opportunities mentioned that won’t appear in our premarket reports, appearing in the chatroom throughout the course of a given day.

Once again, all one needs to do is log onto a Skype account and send a contact request to username ‘stocksumo‘, and you will be admitted into the chat!


pSivida Corp. PSDV – News Alert

We’re casting a portion of our attention this morning in the direction of PSDV. As we were examining this morning’s PR feeds, we noticed an announcement from the company referring to positive Phase-III study data and a huge concurring gap-up.

Medidur is PSDV’s treatment in development for an eye affliction known as posterior uveitis, and the results of the trials are said to be “statistically significant”. We’ll be monitoring this play as the session kicks off today in the event that the move up on the chart is significant as well.

Given that it’s traded up over 50% in today’s premarket, we may need to observe for possible dip-and-rip action in the stock.


Extended Watchlist:
NXGA, TALK, BLTA, LTNC, KWBT

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