Options Review
We want to circle back this morning to update readers on some options ideas we put forth in our premarket report on Tuesday morning. We were interested in tracking the REGN Weekly $317.50-325 Calls and the UBER Weekly $29.50-28 Puts and found solid success in both instances.
Here were the two-day swings made by each contract set in our highlighted ranges, and the total potential profits that were there for the taking:
REGN Weekly $317.50-325 Calls
$317.50 Calls – Range: 11.02-23.00 – Max Gain: 109%
$320 Calls – Range: 5.99-22.65 – Max Gain: 278%
$322.50 Calls – Range: 6.56-17.50 – Max Gain: 167%
$325 Calls – Range: 4.00-18.23 – Max Gain: 356%
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UBER Weekly $29.50-28 Puts
$29.50 Puts – Range: 1.27-3.99 – Max Gain: 214%
$29 Puts – Range: 1.01-3.52 – Max Gain: 249%
$28.50 Puts – Range: .85-3.20 – Max Gain: 276%
$28 Puts – Range: .65-2.60 – Max Gain: 300%
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Fresh Options Ideas:
QCOM Weekly $88.50-90 Calls
BIDU Weekly $114-117 Calls
MCD 01/17 $195-220 Calls
Grom Social Enterprises Inc. (OTCMKTS: GRMM)
We also want to update readers on the performance of GRMM following the special report we released on the company yesterday morning.
The stock saw a daily low of .105 before running as high as .145. That represents an intraday increase of 38% exhibiting just the type of desirable near-term volatility potential that we described in our initial report. It adds to the excitement of where the stock could go from here. Expect updates to be forthcoming as the situation continues to develop.
Extended Watchlist:
WDIS, SKDI, LVGO, RL, TMDI, GOGO, IQ
