Tag: NOVN

Another Flawless Day for Options

Thursday’s Options Recap:

We try extremely hard to bring quality content to our free newsletters each and every trading day, and while some are better than others in terms of our accuracy, it’s always nice to be able to report another perfect run!

We offered up two quick-hit options trading ideas in yesterday morning’s premarket report, the SIG Weekly $64-66 Calls, and the RH Weekly $657.50-665 Calls, and we saw some very nice intraday moves and profit potential as a result. Here are the daily figures on those targets:

SIG Weekly $64-66 Calls 
$64: 3.73-6.30 (+69%)
$64.50: 2.84-5.72 (+101%)
$65: 2.72-8.91 (+228%)
$65.50: 1.99-4.50 (+126%)
$66: 1.40-3.81 (+172%)
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RH Weekly $657.50-665 Calls
$657.50: 39.60-56.20 (+42%)
$660: 27.50-52.18 (+90%)
$662.50: 26.82-49.80 (+86%)
$665: 24.20-45.40 (+88%)
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Fresh Options Ideas: 
SPY 06/11 $422.50-424 Calls*
PLAY Weekly $45-46.50 Calls* 

*Please be advised that trading ‘weekly’ options contracts on a Friday carries an elevated risk, and should only be attempted by seasoned traders!

Extended Watchlist:
ASAN, GOFF, GVSI, APTY, RGBP, SGMD, ATAO, SFPI, PBYA, AMST, NOVN, GBS, GRAY, PGEN

Wrapping Up a Successful Week

Options Review:

The three short-term options trading ideas that we formulated for yesterday morning’s premarket report were in the BURL, TIF, and DG chains on the heels of the three big name companies reporting their quarterly earnings figures.

In each case, we were able to witness noteworthy intraday gains, most of which did reach multibag gainer status on the day:

BURL Weekly $195-197.50 Calls
$195: 4.24-9.78 (+131%)
$197.50: 3.00-6.50 (+117%)
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TIF Weekly $122-123 Calls
$122: .82-1.94 (+137%)
$123: .80-1.40 (+75%)
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DG Weekly $205 Calls
$205: .50-1.75 (+250%)

These successful picks mark the continuation of what has been a very productive month of August for us. The vast majority of the ideas we have put forth have subsequently recorded multibag jumps.

Fresh Options Ideas:
DELL Weekly $62.50-65 Calls
WDAY Weekly $235-245 Calls
ULTA Weekly $245-260 Calls

Extended Watchlist:
NOVN, VSTM, BRTXQ, AXXA, CMGO, TLSS, BBRW, DLOC