Tag: SIRC

Using the SPY to Our Advantage, 3 Fresh Ideas

SPY Puts Surge: 

Once again yesterday, the markets losses are our gains. Our lone options trading idea for the day focused upon a dim view of the SPY, and with another precipitous decline for stocks, we hit the nail right on the head. This is among the reasons why our readers see SPY plays in our newsletters on a highly regular basis, as it tends to be easier to predict the actions of the markets as a whole than it is do so the same for just one. The SPY also sees a lot of intraday volatility which can often lead to opportunities on both sides of the fence in a single session.

In terms of yesterday morning, due to a bit of a drought of earnings reporters, our premarket report contained only one idea, which was the SPY 06/13 $385-383 Puts. Those targets offered up the chance at the following really nice intraday profit chances:

 SPY 06/13 $385-383 Puts
$385: 4.24-11.01 (+160%)
$384: 3.46-10.50 (+203%)
$383: 2.84-9.67 (+240%)

Fresh Options Ideas:
ORCL Weekly $70-72.50 Calls
COP Weekly $110-112 Calls
FERG Weekly $100-110 Calls

ProText Mobility, Inc. TXTM – Recap:

We also wanted to provide a quick recap on the run in TXTM yesterday. We last flagged this play for observation in an extended watchlist a few weeks back, subsequent to which the stock was trading for as little as .0016. Yesterday, on an immense amount of volume, the stock surged as high as .0049, which marks a 206% swing over our observed low.

Extended Watchlist:
KAVL, SLNO, EMBK, GMVD, SONM, CLVS, LTCN, SIRC, BCHG, BMIX, LICY

Another Excellent Week of Options Trading

Closing Out a Fantastic Short Trading Week: 

As we prepare to close out this holiday-shortened week, we’re going to start off by highlighting some more new highs in the SLQT 09/17 $7.50-10 Calls we’ve been tracking since August 31st. SLQT on the stock side of things alone, has risen by a considerable margin, running from 9.19 to 13.24 for a gain of 44%

We also want to update on a set of longer-term options in the EPAY chain that we designated for observation back on the morning of August 16th. EPAY has also made a solid move, and it facilitated some nice moves for our targeted range, the EPAY 09/17 $40-45 Calls.

Here are the new highs in the SLQT targets, as well as the overall range on the EPAY contracts since we alerted on them:

SLQT 09/17 $7.50-10 Calls
$7.50: 1.80-5.55 (+208%)
$10: .40-3.20 (+700%)

EPAY 09/17 $40-45 Calls
$40: .81-3.90 (+381%)
$45: .09-.76 (+744%)
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A couple of our fresh plays from yesterday morning’s report also made some great single-session gains for us on the day. Those targets and total possible profits were as follows:

LOVE 09/17 $55-60 Calls
$55: 1.95-8.40 (+331%)
$60: .75-4.40 (+487%)
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RH Weekly $685-695 Calls
$685: 17.20-45.00 (+162%)
$690: 15.00-44.00 (+193%)
$692.50:18.80-39.95 (+112%)
$695: 13.35-36.13 (+171%)

Fresh Options Ideas:
ZS Weekly $285-290 Calls*
AFRM 09/17 $110-120 Calls
PLAY Weekly $37-39 Calls*
TIGR 09/17 $12.50-15 Calls

* Please don’t attempt to trade weekly options on a Friday unless you are an experienced trader with access to disposable funds! 

Extended Watchlist:
EWLL, VIZC, SIRC, ILUS, RGBP, ELIO, GGII, MSTO, GRSO, HPIL, ISEE, AFRM, ENDP, KPLT, TTOO

Quadruplet of Options Ideas & More

KSU, IBM Options Recaps:

We attempted to continue our run of success in options speculation yesterday morning with targeted ideas in the KSU and IBM chains. While nothing really blew its lid, we still witnessed some very respectable intraday runs.

We were looking at the KSU Weekly $285-295 Calls and the IBM Weekly $134-136 Calls and saw the following opportunities to profit on the day:

KSU Weekly $285-295 Calls
$285: 10.58-12.58 (+19%)
$287.50: 10.40-12.00 (+15%)
$290: 6.00-10.00 (+67%)
$295: 2.00-6.52 (+226%)
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IBM Weekly $134-136 Calls
$134: 3.17-5.90 (+86%)
$135: 2.68-5.00 (+87%)
$136 : 2.18-4.10 (+88%)

Fresh Options Ideas: 
ISRG Weekly $835-850 Calls
NFLX Weekly $495-505 Calls
SNDX 07/16 $10-12.50 Calls
EW Weekly $89.50-92 Calls 

Good Vibrations Shoes, Inc. GVSI – Recap:

We also wanted to furnish our readers with a quick update on GVSI, which appeared on yesterday morning’s extended watchlist. That is typically where one will find our daily OTC interests, and this subpenny play put up a serious move for us.

The stock traded from a daily low of .0036 all the way up to .008, which works out to an intraday run of 122%

Extended Watchlist:
PLYZ, GTEH, MYDX, SIRC, BLSP, PRPM, JAMN