Friday’s Options Recaps
We’re kicking off this new trading week in typical fashion by highlighting the performance of the fresh options ideas we put forth in Friday morning’s premarket report. Our pair of targets that were set to expire on the day were clear cut runners- specifically the FDX Weekly $275-280 Calls and the MP Weekly $40 Calls.
In both cases, Friday’s session brought major moves in the stocks themselves, which facilitated some incredible intraday gain possibilities for ourselves and our subscribers. Those fantastic multi-bag runs were as follows:
FDX Weekly $275-280 Calls
$275: 2.90-7.93 (+173%)
$277.50: 1.58-5.61 (+255%)
$280: .72-3.64 (+405%)
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MP Weekly $40 Calls
$40: .75-6.00 (+700%)
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Fresh Options Idea:
SPY 03/22 $389-390 Calls
New World Gold Corp. NWGC – Recap
We’ve got to swing back around to NWGC as well, a stock which we alerted back on March 4th, subsequent to which it saw shares change hands for as little .002.
This month has brought mostly positive progress for NWGC, which on Friday broke in Pennyland and set a new high of .0119. That works out to a 3-week run of 495%
Bottom Watch Plays:
We took notice of some of last week’s biggest losers, with ALX Oncology Holdings, Inc. ALXO and Nurix Therapeutics, Inc. NRIX which both fell off of a cliff on Thursday and Friday.
Whenever we notice massive selloffs like this, we begin to wonder at what point the consolidation becomes untenable. That’s when we place stocks on bottom watch and monitor them for potential reversals, because the volatility from such situations often brings us exactly the type of quick strike opportunities we’re after. Stay tuned for the possibility of specific targets on these plays in the days ahead.
Extended Watchlist:
TGGI, MRPI, SSOK, AURI, JAMN, BLUU, KALY, NSPT