In Friday morning’s premarket report, we were providing updates on an options trading idea that we’d initially put forth on Thursday, the TPX 08/19 $70-80 Calls. The three sets of contracts had managed to yield gain opportunities ranging from 60-118% in that first session.
We also mentioned that because of the extended expiration date, we’d want to stay hot on the trail of this idea, and it was a good thing we did, because potential profits were extended with new highs in every case.
Our total observed gains over a two session span are as follows:
$70 Calls – Range: 3.00-6.10 – Max Gain: 103%
$75 Calls – Range: .90-.2.54 – Max Gain: 182%
$80 Calls – Range: .25-.60 – Max Gain: 140%
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Amazon.com, Inc. AMZN – Recap
As a fresh daytrading idea, we also submitted the AMZN Weekly $762.50-770 Calls for observation on Friday, and saw some nice chances for solid gains there as well, early on in the session.
All of these huge moves occurred prior to the lunch hour:
$762.50 Calls – Range: 1.56-4.57 – Max Gain: 193%
$765 Calls – Range: .88-3.46 – Max Gain: 293%
$767.50 Calls – Range: .64-3.00 – Max Gain: 368%
$770 Calls – Range: .16-1.15 – Max Gain: 619%
Vapor Hub International, Inc. VHUB
VHUB appeared in our morning report on Friday as well, and put up a notable intraday run itself. From a low of .008, it broke out of subpenny territory and reached as high as .018. That was good for gains of up to 125% on the day.
Ideally, we’d like to see the stock maintain its penny-plus status moving forward, but technically, it would hold our interest as long as it stays above Thursday’s swing high of .0094 on any dips.
Kraig BioCraft Laboratories, Inc. KBLB
We recently came back to stock that we’ve covered a lot in the past. On July 13th we alerted the play, when it was trading as low as .0261, and on Friday, the stock hit a high of .069, marking an upswing of 164% in just over two weeks’ time.
We’ll continue to follow its progress as we kick off a new trading week, granted that it closed with strength just a tick below its high of day. In order to keep our attention, we’ll need to see it hold support at or above .04 on any forthcoming consolidations.
Extended Watchlist:
TRTC, EEGI, CGRA, SNMN, USPR, MSTX, KOOL, ONVO