Interesting Technical Setups & More

Yesterday’s Earnings Plays: 

Two of our fresh options plays for yesterday’s report were weekly calls, and despite a mixed session for the markets as a whole, they experienced appreciable intraday moves. The activity in the MRVL Weekly $49-51 Calls and the SFIX Weekly $61.50-65 Calls didn’t blow the lid off of anything, but we did witness some highly respectable gain opportunities.

MRVL Weekly $49-51 Calls
$49: 
1.06-1.92 (+81%)
$50: .62-1.23 (+98%)
$51: .34-.68 (+100%)
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SFIX Weekly $61.50-65 Calls
$61.50: 
3.65-5.54 (+52%)
$62: 3.35-5.48 (+64%)
$62.50: 3.13-4.80 (+53%)
$63: 2.84-4.72 (+66%)
$65: 1.91-3.45 (+81%)
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Fresh Options Ideas:
CPB Weekly $48-46 Puts
UNFI 06/18 $40-35 Puts


Interesting Chart Plays:

Also catching our eye this morning are a couple of interesting chart setups in FibroGen, Inc. FGEN and Fastly, Inc. FSLY, and in both cases we will be watching the stocks as well as some potential options ideas.

In the case of FGEN, there are a couple of large gaps to fill to the upside, and over the past couple of sessions the stock has given indication that it may be about to do so. We’re going to be tagging the FGEN 07/16 $27.50-30 Calls for observation.

On FSLY, the gap-fill has occurred this week and the PPS is now on the verge of breaking past the 50DMA with its considerable momentum. We’ll radar the FSLY 06/25 $61-63 Calls.


Extended Watchlist:
SRNW, JPEX, STHC, TTSI, ECMH, PLPL, NUVI, DCAC, CKPT, SPI, CLVS, AEHL, OEG

Big-Time OTC Movers & More

More Penny Poppers: 

For those newer subscribers who may be unfamiliar with the way we operate, typically our interests in stocks traded on the OTC Markets are relegated to our daily Extended Watchlists. Our main features tend to be focused more on quick-strike options trading these days because that’s where we find the most excitement. That doesn’t mean we’ve forgotten our roots in the pennies!

We’ve had loads of success in unearthing interesting OTC plays in 2021 so far, and we started out the fresh trading week yesterday with another fine pair of movers that have been included in our watchlists on multiple occasions of late. Below you can find links to our archived reports from our initial alerts and the subsequent huge runs and multibag profit potential involved.

Enzolytics, Inc. ENZC
Alerted: April 16th
Range: .0866-.2979
Gained: +244%
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RushNet, Inc. RSHN
Alerted: May 13th
Range: .0008-.008
Gained: +900%


G-III Apparel Group, Inc. GIII – Options Recap

On account of the light earnings reporter load that we’ve mentioned in a previous report, we went with just one lone potential options target in yesterday’s premarket offering, the GIII 06/18 $30-35 Calls.

G-III Apparel posted a solid Q1 earnings beat along with optimistic guidance for the remainder of the fiscal year. It allowed the stock to break a double-top and set a new high of 35.80 which provided for the following moves in our tracked targets:

GIII 06/18 $30-35 Calls
$30: 
.90-2.25 (+150%)
$35: 3.80-5.60 (+47%)
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Fresh Options Ideas: 
MRVL Weekly $49-51 Calls
SFIX Weekly $61.50-65 Calls
THO 06/18 $120-125 Calls
ASO 06/18 $35-40 Calls 


Extended Watchlist:
PHIL, PLPL, RIHT, ICNM, FTEG, EFIR, CLOV, WEN, SONM, NEXT

Options Recaps, Fresh Ideas

Options Reviews

We issued a couple of fresh options ideas in yesterday morning’s report, concerning SMAR and SFIX, which had both reported quarterly earnings in the premarket. We took interest in the SMAR 12/18 $70-75 Calls and the SFIX Weekly $45-50 Calls. 

We witnessed good intraday performances in both cases, with SMAR outperforming SFIX, but not by a whole lot. Both plays will have provided our readers with plenty of opportunity to get in and out for some nice gains on the day.

Here were the total ranges and possible profits on those contracts: 

SMAR 12/18 $70-75 Calls
$70
: 2.10-6.80 (+136%)
$75: 1.11-3.65 (+219%)
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SFIX Weekly $45-50 Calls 
$45: 5.00-7.99 (+136%)
$46: 4.46-7.29 (+219%)
$50: 1.90-4.59 (+222%)


Fresh Options Ideas:

GME Weekly $15.50-14 Puts
ZI 04/16 $45-50 Calls
SPLK Weekly $160 Calls
ROKU Weekly $310-315 Calls 


Extended Watchlist:
CURR, SFOR, NECA, APYP, TLSS, BSSP