SPY Calls Break Out, Fresh Plays

Options Recaps: 

On the options trading front, we are making our way through the earnings drought as best we can recently, and doing a fairly good job of it if we say so ourselves. We’re in for another week-plus of this, with the days of having plenty of earnings reporters on the calendar set to return on Monday the 18th.

For now, we’ll keep plugging away and taking whatever we can get, and for yesterday’s report that came in the form of the SPY 07/06 $380-382 Calls which absolutely ripped, and the RFP 07/15 $17.50-20 Calls. Additionally, we’ve got some new highs to report in the GIS 07/15 $70-72.50 Calls which we alerted on last Wednesday.

SPY 07/06 $380-382 Calls
$380:
 1.45-5.92 (+308%)
$381: 1.05-4.85 (+362%)
$382: .67-3.85 (+477%)
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RFP 07/15 $17.50-20 Calls 

$17.50: 2.80-3.05 (+9%)
$20: .45-.70 (+56%)
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GIS 07/15 $70-72.50 Calls
$70: 
2.50-6.63 (+165%)
$72.50: 1.05-4.10 (+290%)


Fresh Options Ideas:
HELE 07/15 $160-150 Puts
SLP Weekly $55-50 Puts 


OTC Updates: 

We have a couple of OTC stocks that have been mentioned in recent extended watchlists to update readers on this morning as well. We always try to flag potential plays on the lower exchanges in our watchlists, and very often, it bears significant fruit.

We mentioned HMBL on Tuesday morning and the stock has posted an intraweek run from .048-.0992 which marks an upswing of 107%, and this past Thursday we signaled EMGE which has made a rip-roaring move of 273% from .0082-.0306 in just a week’s time.


Extended Watchlist: 
USEA, ALNA, TYDE, IINN, ANVS, ACRX, OZSC, PLPL, HWKE, BMIX

Options Keep Winning, New Ideas

Options Review: 

In yesterday morning’s report, we followed up Friday’s flawless options interests with another clean sweep of our board. The first half of the session featured quite a bit of volatility for the markets as a whole, allowing for some pretty nice intraday swings for our designated options targets. NKE and TCOM ran into their post-market earnings. NKE beat on earnings but slipped on sales, while TCOM looks in good shape after China loosened its COVID travel restrictions. We’ll be monitoring those closely today again.

The plays we signaled interest in tracking yesterday were the NKE Weekly $113-115 Calls, the TCOM 07/15 $24-26 Calls, and the SPY 06/27 $389-391 Calls. All of those experienced noteworthy moves, and additionally, the DRI 07/15 $120-125 Calls that we flagged this past Thursday also extended its run and posted new highs, which you’ll find below. The overall moves and total possible profits so far on those plays amount to the following:

NKE Weekly $113-115 Calls
$113:
 3.00-3.80 (+27%)
$114: 2.70-3.30 (+22%)
$115: 2.30-2.95 (+28%)
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TCOM 07/15 $24-26 Calls
$24: 1.50-1.90 (+27%)
$25: 1.05-1.40 (+33%)
$26: .75-1.00 (+33%)
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SPY 06/27 $389-391 Calls
$389: 1.25-2.67 (+113%)
$390: .87-1.98 (+128%)
$391: .60-1.38 (+130%)
_____

DRI 07/15 $120-125 Calls
$120: 1.85-5.20 (+181%)
$125: .80-2.51 (+214%)


Fresh Options Ideas:
SPY 06/29 $390-392 Calls
CHK 07/15 $85-90 Calls
AXSM 08/19 $35-30 Puts


Plandai Biotechnology, Inc. PLPL –  OTC Recap:

It was our report from the Thursday before last in which we most recently flagged PLPL in our watchlist. On that day the stock was trading for as little as .0007. Yesterday, PLPL ran as high as .0018, representing an increase of 157% over our observed low, and extended an unusually positive trend from many of the OTC stocks we’ve been placing on our watchlist.


Extended Watchlist: 
AABB, ILST, NPSNY, GTCH, ELEMQ, TGGI, GOFF, WNDW, EVFM, AGRX, KZR, TOUR, WEJO

Smooth Move on the SPY, Earnings Plays & More

Flip to SPY Calls Proves Timely: 

In yesterday morning’s premarket report, just one out of the three options ideas we put forth was a quick-strike play, and that was our spur of the moment bullish take on the SPY. After multiple recent sessions of rooting out solid gain opportunities from SPY Puts (On Friday and Monday) we flipped to the other side of the fence just in time to catch yesterday’s market rally.

That led to some very nice multibag profit chances on the day from our targeted range, the SPY 06/15 $374-376 Calls. Those big-time moves were as follows:

SPY 06/15 $374-376 Calls
$374: 2.13-9.47 (+345%)
$375: 1.74-8.70 (+400%)
$376: 1.46-7.80 (+434%)


Fresh Options Ideas:
ADBE Weekly $372.50-370 Puts
CMC Weekly $35-37 Calls
KR Weekly $51-49.50 Puts


ProText Mobility, Inc. TXTM – Update:

We’ve been updating readers on new highs in TXTM for the last few sessions, with the stock pushing the envelope more each day. Following yesterday’s report, it set another new high of .0113, crossing the border from subpenny status into penny-plus territory.

Our original low following our initial alert on the stock (May 24th) was .0016. From that level, yesterday’s high represents an overall increase of 606% Even if traders only caught on with our mention on Monday morning, they would still be looking at a three-day upswing of 115% from .0045-.0113.


Extended Watchlist:
PLPL, GNCA, DPLS, PHIL, CYDY, APHLF, RMRK, HYSR, SIDU, RDBX, ACOR, CMRA, HSCS, SOXS

Playing the SPY Like a Fiddle, Fresh Ideas

SPY Calls Surge on Market Pop:

We had just some daily SPY Calls and a longer term idea in yesterday morning’s premarket report, the latter of which isn’t really primed for an immediate update, but we most certainly came down on the right side of the fence with the SPY. The markets ripped all day long, and provided us with the catalyst for some really nice intraday gain opportunities.

We were tracking the SPY 05/23 $391-393 Calls, and all three of the contract sets contained within recorded huge multibag runs for us. The total possible daily gains were as follows:

SPY 05/23 $391-393 Calls
$391:
 2.04-6.82 (+234%)
$392: 1.58-5.81 (+268%)
$393: 1.19-5.05 (+324%)


Fresh Options Ideas:
NTES Weekly $98-100 Calls
WOOF Weekly $15-16 Calls
ZM Weekly $91.50-93 Calls


Watchlist Runners:

We saw some solid movement out of some of the plays off of yesterday morning’s extended watchlist. CBIO ran following the announcement of a $60M asset sale to Vertex, while GOVX was another stock boosted by the rising concerns over monkeypox, which has officially made its way to the US, and seems to a hot-button catalyst for related plays at the moment. .

Catalyst Biosciences, Inc. CBIO
Daily Range:
.90-1.47
Gained: +63%
_____

GeoVax Labs, Inc. GOVX
Daily Range: 1.65-2.85
Gained: +73%


Extended Watchlist:
RGBP, IGEX, PLPL, ETCG, PRCX, TONR, EVOL, TXTM, BIMI, ZVO, GFAI, BTTX, SWTX, CTEK

Earnings Plays on the Move

Fidelity Intl. Information Services, Inc. FIS – Options Recap:

Our lone fresh options idea for the day in yesterday’s premarket report was in the FIS chain. The stock saw a mixed bag for the session as the company posted beats on earnings and revs in its Q2 report, while tempering guidance pulled in the other direction.

We still had some very nice intraday movement in our designated target, the FIS 09/17 $135 Calls. Those ran from 1.80 to 2.96, producing a respectable intraday upswing of 49% We feel rather certain that we will be returning to report more gains on this longer-term play, with over five weeks remaining until expiration. Stay locked in for future updates.


Catapult Solutions, Inc. CPSL:

We also wanted to provide a quick recap on CPSL, which has appeared in our watchlists a few times over the past week. We initially alerted it exactly a week ago today on the morning of July 28th.

We have now observed a very impressive move out of CPSL from a low of .0261 to yesterday’s high of .0648, which works out to a 148% run. Volume over the same period has been vastly greater than average.


Fresh Options Ideas:
EXPI 08/20 $40-45 Calls
ATVI Weekly $82-85 Calls
MCHP Weekly $147-149 Calls


Extended Watchlist:
TXTM, UAMM, WLAN, ASTA, KATX, PLPL, PBYA, BYSI, HOOD, WHLR, HTHE, WSLF

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