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%)
_____

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%)
_____

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

Options Runners & More

More Earnings Hits: 

Our impressive run of options success continued with the fresh ideas we included in yesterday’s premarket report. We were feeling bearish about Campbell’s and United Foods following their quarterly earnings reports, and our instincts proved to be well founded.

Our targets were the CPB Weekly $48-46 Puts, and the UNFI 06/18 $40-35 Puts, and in both cases, we witnessed some very nice intraday moves in our targeted ranges.

CPB Weekly $48-46 Puts
$48: 
1.11-2.14 (+93%)
$47.50: .70-1.86 (+166%)
$47: .35-1.35 (+286%)
$46.50: .25-.87 (+248%)
$46: .12-.46 (+283%)
_____

UNFI 06/18 $40-35 Puts

$40: 5.90-7.99 (+35%)
$35: 1.03-3.44 (+234%)
_____

Fresh Options Ideas: 
SIG Weekly $64-66 Calls
RH Weekly $657.50-665 Calls


Majic Wheels Corp. MJWL – Update:  

We have been tracking MJWL for some time now, with our initial tag coming in on the morning of May 13th. Subsequent to that report just a shade under a month ago, the stock changed hands for as little as .0094.

Toward the end of May and into this month MJWL has been streaking to new highs, yesterday reaching its best mark yet at .0791. That’s a total increase of 741% in just a short time. Even those who had only caught our tag of MJWL this Monday morning, still had a shot at some nice gains. Monday’s low came in at .0453, which as of yesterday’s new high marked a three-day upswing of  75%


Extended Watchlist:
ZIVO, MDLY, OSAT, XIN, GOFF, PSWW, CZNI, PHIL, VXIT

DVLP Recap, Fresh Options Ideas

Options Review:

Our fresh options ideas in our morning report yesterday were the DRI 04/16 $135-140 Calls and the RH Weekly $510-502.50 Puts. We picked them off of the daily earnings calendar, and were met with significant gain opportunities as a result.

In the case of RH, the potential profits came shortly after 10 o’clock, and the lowest target in our selected range did not see much activity, but the chances were there nonetheless and a couple of them reached multibag status. The DRI contracts were in full-go mode, as Darden stock shot up more than ten dollars from 134.19-144.90.

DRI 04/16 $135-140 Calls
$135
: 3.20-11.06 (+246%)
$140: 2.40-7.50 (+213%)
_____

RH Weekly $510-502.50 Puts
$510: 8.64-17.28 (+100%)
$507.50: 5.23-8.60 (+64%)
$505: 4.01-10.38 (+159%)
_____

Fresh Options Ideas: 
SPY Weekly $398-399 Calls 
TIGR 04/16 $17.50-20 Calls
TLS 04/16 $35-40 Calls  


Golden Developing Solutions, Inc. DVLP – Recap

We included DVLP in yesterday’s extended watchlist, and the stock rose to the occasion with a very nice intraday run. We saw it jump from a low of .005, smash through the penny barrier, and go as high as .0144. That worked out to total possible gains of 188% on the day.

It also turned out to be the single highest daily volume in the entire history of the stock. With that kind of activity, we’ll certainly want to continue to reserve it a spot on our watchlist.


Extended Watchlist: 
LTNC, LCLP, DSCR, GTEH, PRPM, MINE, DKSC, ATVK