Tag: LULU

Friday’s Big Winners, Fresh Ideas & More

Solid Options Runners: 

To close things out for the short week on Friday, we had a pair of quick-strike options ideas in the LULU and OKTA chains, as well as a longer term target for ASAN in our premarket report. Despite a rather subdued session for the markets in general wherein we saw a gap-down in the morning, and not much progress toward a recovery throughout the day, we were still able to manage some very nice gain chances.

Our specific areas of interest for the day were the LULU Weekly $300-307.50 Calls, the OKTA Weekly $106-108 Calls, and the ASAN 06/17 $22.50 Puts. Both sets of calls produced multi-bag profit possibilities on the day, with ASAN not lagging far behind. We’ve also got a week and change before they expire, so we’ll continue to monitor those as well. As for Friday’s moves, here’s what these ideas put forth for the session:

LULU Weekly $300-307.50 Calls
$300: 2.55-7.35 (+188%)
$302.50: 2.00-5.60 (+180%)
$305: 1.41-4.50 (+219%)
$307.50: .94-3.40 (+262%)
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OKTA Weekly $106-108 Calls
$106: 1.16-2.87 (+147%)
$107: .84-2.05 (+144%)
$108: .48-1.39 (+190%)
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ASAN 06/17 $22.50 Puts
$22.50: 1.82-2.90 (+59%)

Fresh Options Ideas: 

We are heading into an extended dry spell with regard to the number of big name companies dropping their earnings reports, which is going to persist for the next several weeks. We’re used to traversing these periodic ‘earnings deserts’, and as always, we’ll still be working hard every day to find the best opportunities possible, which for us, generally includes a heavy reliance on the SPY- our favorite market analog.

SPY 06/06 $413-415 Calls 
FUTU Weekly $38.50-40 Calls
QDEL 07/15 $85-95 Calls

Extended Watchlist:
ZNOG, AERG, BDCO, QEDN, SHMP, IGEX, ABQQ, PRCX, DIDI, YMTX, MULN, CRIS, QNRX, ARRY, BZ, YMM

Massive CHWY Options Gains, Fresh Ideas & More

Earnings Reporters Put Up Big Gains:

Our earnings related options ideas for the day panned out well for us yesterday, with some help from another fully bullish session for the markets at large. Stocks surged all day, and well-received earnings reports from our target companies did the rest.

We were zeroed in on the CHWY Weekly $26.50-28 Calls and the PSTG Weekly $25-26 Calls, with a much longer term idea with an August expiration in the Energizer chain, which we’ll circle back to in a future report.  Our quick-strike plays yielded some very nice opportunities for quick intraday profits, and those were as follows:

CHWY Weekly $26.50-28 Calls
$26.50: .72-3.00 (+317%)
$27: .56-2.51 (+348%)
$27.50: .44-2.15 (+389%)
$28: .30-1.82 (+507%)
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PSTG Weekly $25-26 Calls
$25: 1.95-4.30 (+121%)
$26: 1.45-3.60 (+148%)

Fresh Options Ideas:
LULU Weekly $300-307.50 Calls*
OKTA Weekly $106-108 Calls*
ASAN 06/17 $22.50 Puts

*Trading options contracts on their day of expiration is a high risk/high reward proposition which should only be attempted by experienced traders

Ggtoor, Inc. (OTCMKTS:GTOR) – Recap:

GGTOOR was a company that we profiled a few months back, citing the high potential of tournament gaming, the space in which the company operates. GTOR recently announced the signing of a deal that is potentially very lucrative, and as a result the price has gone through the roof. It will be “building” an entire virtual city complete with its own economy in the metaverse, with parcels selling for cryptocurrency.

Following our reports on GTOR the stock was trading for as little as ,012, and this week it has soared to a new high of .074. That works out to an increase of over 500% It will be interesting for us to see how much of those gains the stock can maintain and possibly add onto as it develops its new metaverse-based project, GGTOORCITY.

Extended Watchlist:
MGLD, EFOI, TCRT, AMLX, SOPA, TPTX, WSFT, AFIIQ, AERG, VRLL, MAXD

Exponential Gains on LULU Options & More

Major Options Movers:

We absolutely crushed it with our earnings plays once again yesterday, signaling a trio of related options ideas in our premarket report. Despite a mixed, yet primarily down day for the markets, the volatility provided by these companies’ earnings drops powered some significant positive intraday movement.

We were targeting the LULU Weekly $360-370 Calls, the MU Weekly $82-85 Calls, and the BNTX Weekly $182.50-187.50 Calls, and of course they all produced solid opportunities for us. Additionally, we have an update on the DOOO 04/14 $70-75 Calls  which we signaled for observation on Friday morning, and have since tacked on more new highs.

The breakdown of those single session gainers as well as that 4-day swinger are as follows:

LULU Weekly $360-370 Calls
$360: 7.50-26.41 (+252%)
$365: 5.00-23.23 (+364%)
$370: 3.57-20.00 (+460%)
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MU Weekly $82-85 Calls
$82: 2.49-4.30 (+73%)
$83: 1.93-3.45 (+79%)
$84: 1.48-2.80 (+89%)
$85: 1.09-2.15 (+97%)
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BNTX Weekly $182.50-187.50 Calls
$182.50: 3.28-5.30 (+62%)
$185: 2.50-4.11 (+64%)
$187.50: 1.63-3.20 (+96%)
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DOOO 04/14 $70-75 Calls
$70: 5.00-12.00 (+140%)
$75: 2.40-9.36 (+290%)

Fresh Options Ideas:
PATH 04/14 $25-22.50 Puts
WBA Weekly $47.50-46.50 Puts

Extended Watchlist: 
CLVS, LGVN, ISPO, IZEA, SNTG, FWBI, CELZ, XCPL, ECOX, ARGQ, EEENF