Snap, Inc. SNAP – Options Idea
We ‘d like to signal our interest in tracking some SNAP puts in the wake of a poor earnings report wherein it was revealed that the company’s quarterly nearly tripled over Q2. Conversely, we were also hit with the news that China based Tencent Holdings would be taking up a 12% stake in its parent company.
Despite a mixed bag of news this morning, we’re getting a bearish feeling on SNAP, and would like to track some puts through the rest of the week. We’ve had some pretty good success with options ideas for this chain in the past, and conditions appear favorable to possibly see some nice activity in the SNAP Weekly $15-14 Puts.
Valeant Pharmaceuticals International, Inc. VRX – Options Update
Yesterday’s options idea pertained to VRX after a solid earnings report, for which we signaled the VRX Weekly $13-14 Calls.
Fast-acting traders had some nice chances for profits early on in the session as those contracts displayed the following moves inside the first hour of trading.
$13 Calls – Range: .82-1.42 – Max Gain: 65%
$13.50 Calls – Range: .52-1.04 – Max Gain: 100%
$14 Calls – Range: .28-.66 – Max Gain: 136%
Chatroom Call
RLOG came up on a routine scan right before the open yesterday after we published our premarket report, but we did catch it in time in our chatroom.
The stock made a run from .67 low to a high of 1.93 for an impressive 188% move. This is another example of why it’s so important to be a part of our daily traders chats- often we find plays that are alerted in the chatroom after our morning reports are published!
All of our subscribers are free to join in these chats, by simply sending a Skype contact request to username ‘stocksumo‘.
Extended Watchlist:
NPTN, CHRS, PTOP, BPMX, TTWO, GOL, PCRX,