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GM, GIS Options Recaps & More

Options Updates:

We continue plugging away at attempting to find options plays despite having so few earnings reports to rely on as fuel, and yesterday our big name target was GM. Were were observing the GM Weekly $58-59 Calls with the stock in the midst of a pretty impressive run that has generally persisted for roughly the past month.

The stock ran pretty good out of the starting gate yesterday, and that activity allowed for some decent gain opportunities in the pair of contract sets that we were tracking. Here were the intraday runs they recorded:

GM Weekly $58-59 Calls
$58: .94-1.72 (+83%)
$59: .55-1.10 (+100%)
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For an additional update, we’ve been tracking the GIS 10/15 $55-50 Calls since the morning of September 22nd, and we wanted to swing back around to report on the new highs we witnessed in those plays. Here are the ranges and total possible gains that were registered there in recent sessions:

GIS 10/15 $55-60 Calls
$55: 3.80-6.95 (+83%)
$57.50: 1.70-4.50 (+165%)
$60: .60-2.15 (+258%)

Fresh Options Ideas:
FAST Weekly $50-52.50 Calls

Extended Watchlist:
AHFD, GRLT, CYAP, FTXP, LEAS, GMEV, SEGI, BNOW, NTRB, OCGN, RRD, GWH, CDLX

Kicking Off the Short Trading Week with a Bang

Winning Options Review:

We hope everyone had a pleasant long weekend, but we’re certain you’re as ready as we are to jump back into another opportunity-filled trading week!

On Friday morning we signaled fresh ideas in the chains of both the SPY and SPCE, specifically the SPY Weekly $430-432 Calls as well as the SPCE Weekly $51-53 Calls as well as updating our readers on the longer-term targets for TBIO that we placed on watch on June 21st, the TBIO 08/20 $17.50-20 Calls.

We’re going to start things off today by going over the single session gains made by Friday morning’s targets as well as the continued progress of our TBIO interests. Those ranges and total possible profits were as follows:

SPY Weekly $430-432 Calls
$430: 1.34-4.11 (+207%)
$431: .70-3.62 (+417%)
$432: .22-2.10 (+855%)
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SPCE Weekly $51-53 Calls
$51: 1.92-4.47 (+133%)
$52: 1.49-3.90 (+162%)
$53: 1.20-3.37 (+181%)
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TBIO 08/20 $17.50-20 Calls
$17.50: 2.88-13.00 (+351%)
$20: 1.65-9.60 (+482%)

Fresh Options Ideas:
ARWR 07/16 $65 Calls

Extended Watchlist:
BLIN, MRIN, BSQR, ADXS, OCGN, EEENF, RGBP, DPLS, MWWC, BSSP, INCM, IFAN

Another Successful Trading Week

Closing Out Another Week of Success

We’ve been hitting on our options ideas left and right this week, as usual. There hasn’t been many ideas that we’ve formulated which didn’t require us to turn right back around the following day and report big gains. This morning is no exception to that pattern.

Yesterday in our premarket report we submitted ideas for the options chains of both RAD and DRI, and in both cases, we had the chance to score multi-bag gains. The potential profits were as follows:

RAD Weekly $9.50-10.50 Calls
$9.50 Calls – 1.78-2.81 – Max Gain: 58%
$10 Calls – 1.12-2.42 – Max Gain: 116%
$10.50 Calls – .99-1.88 – Max Gain: 261%

DRI Weekly $115-110 Puts
$115 Puts – 2.67-5.90 – Max Gain: 122%
$110 Puts – .15-1.07 – Max Gain: 148%

Fresh Options Ideas:
Winnebago Industries, Inc. WGO Weekly $50 Calls*
Scholastic Corp. SCHL Weekly $35-40 Calls*
SPDR S&P500 (ETF) SPY Weekly $319-320.50 Calls*
Tesla Inc. TSLA Weekly $405-412.50 Calls*

*Never trade options with a weekly expiration on Friday unless you are an advanced level trader with access to disposable funds.

Extended Watchlist:
MDGL, FCEL, NLNK, IGC, NAK, ALEC, FTFT, AVCO, LXRX, OCGN

Midweek Options Updates

Midweek Options Review

As we head into the Thanksgiving break with exactly one and a half trading sessions remaining for the whole week, we wanted to first update our readers on the excellent fresh options ideas we put forth in yesterday morning’s premarket report.

We went bearish on Dollar Tree and bullish on Nutanix, and big intraday gain opportunities presented themselves across the board, in every set of contracts in our designated tracking ranges.

Cheers to any of our readers who were able to take advantage of the alert and snag some of these solid gains on the day:

Dollar Tree, Inc. DLTR Weekly $99-96 Puts
$99 Puts – Range: 2.64-5.30 – Max Gain: 101%
$98.50 Puts – Range: 3.37-5.70 – Max Gain: 69%
$98 Puts – Range: 2.38-5.05 – Max Gain: 112%
$97 Puts – Range: 1.40-3.81 – Max Gain: 172%
$96 Puts – Range: .70-3.01 – Max Gain: 330%
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Nutanix, Inc. NTNX $33.50-35 Calls
$33.50 Calls – Range: .40-.98 – Max Gain: 145%
$34 Calls – Range: .20-.65 – Max Gain: 225%
$34.50 Calls – Range: .15-.40 – Max Gain: 167%
$35 Calls – Range: .10-.30 – Max Gain: 200%

Fresh Ideas:
SPY Weekly $314-315 Calls
BOX Weekly $16-17 Calls
VMW Weekly $165-170 Calls

Extended Watchlist:
IBIO, LODE, GALT, OCGN, AVEO, OBSV

Solid Stock and Options Calls

Myovant Sciences Ltd. MYOV

In yesterday morning’s premarket report, we included MYOV in our Extended Watchlist for the day. It was a stroke of perfect timing, as it would end up the day’s top traded play on the NASDAQ.

The stock had been trading in a lackluster fashion for an extended time period, but the company’s revelation of completed prostate cancer treatment trials and plans to submit to the FDA, helped generate some really nice activity in the stock that is spilling over into the premarket today.

We’ve seen two distinct swings thus far, with MYOV first running from 12.64-17.16 (+36%) yesterday, before pulling back to 10.37. In the premarket this morning it has surged back to 15.31, a 48% upswing. We’ll be eager to continue tracking this interesting activity.

Kohls Corp. KSS

We also had a range of bearish options ideas in the Kohl’s chain in yesterday morning’s newsletters, and thanks to a poor showing on earnings, we saw deep decline in KSS stock despite the fact that we are headed into the thick of retail season.

Our ideas were the Kohls Corp. KSS Weekly $53.50-51 Puts, which put forth the following gain opportunities on the day:

$53 Calls – Range: 3.07-5.92 – Max Gain: 93%
$52.50 Calls – Range: 2.80-5.30 – Max Gain: 89%
$52 Calls – Range: 2.64-5.00 – Max Gain: 89%
$51.50 Calls – Range: 2.10-4.30 – Max Gain: 105%
$51 Calls – Range: 1.80-4.00 – Max Gain: 122%

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Fresh Options Idea
Target Corp. TGT Weekly $119-123 Calls
Canopy Growth Corp. CGC Weekly $15.50-16.50 Calls

Extended Watchlist:
BAS, YTEN, CTST, I, SGLB, OCGN, DFFN, CTMX, CRZO