Options Explosions, Fresh Ideas

More Options Mastery:

We’re closing out another trading week on an exceptionally high note with regard to the performance of our options ideas from yesterday morning;’s premarket report. Day in and day out, we strive to come up with the best possible options daytrading ideas, and much more often than not, the opportunities are there.

Such was the case yesterday with all three of the targets we honed in on, which were the KR Weekly $41-42 Calls, the SNOW Weekly $335-350 Calls, and the OKTA Weekly $197.50-205 Calls. 
All three sets of ideas we were tracking recorded excellent intraday movement, thanks in part to the markets’ bounce-back from Wednesday’s dip.

KR Weekly $41-42 Calls
$41:
 1.21-4.50 (+272%)
$42: .51-3.53 (+592%)
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SNOW Weekly $335-350 Calls
$335: 8.50-25.69 (+202%)
$340: 6.12-21.90 (+258%)
$345: 4.50-18.49 (+311%)
$350: 3.30-14.20 (+330%)
_____

OKTA Weekly $197.50-205 Calls
$197.50: 18.05-24.48 (+36%)
$200: 14.95-24.00 (+61%)
$202.50: 13.26-18.75 (+41%)
$205: 11.00-18.32 (+67%)


Fresh Options Ideas:

We’re also going to go big with FIVE sets of ideas this morning, but please be advised that they will all be expiring at the close today. That being said, the markets look ready to rip once again, so we feel confident we’ll see some good activity from the following potential plays.

SPY 12/03 $457.50-459 Calls
DOCU Weekly $190-175 Puts
ULTA Weekly $395-405 Calls
SMAR Weekly $65-70 Calls
MRVL Weekly $79-85 Calls


Extended Watchlist:
LGVN, CYAD, BIOL, TGHI, UAMM, RPMT, WDLF

Trend-Bucking Runners & More

Options Reviews:

Despite a really tough day of selling off for the markets as a whole, we still fared pretty well with our fresh ideas in yesterday morning’s premarket report. With the exception of a longer term idea on ASAN that will need some more time to mature, everything else posted some good intraday figures.

We’re talking about the PFSI 12/17 $65 Calls, BBW 12/17 $17.50 Calls, and the AMBA Weekly $197.50-207.50 Calls. Here were the intraday moves and total possible gains on the session for those targets:

PFSI 12/17 $65 Calls 
$65: .70-2.05 (+192%)
_____

BBW 12/17 $17.50 Calls
$17.50:
 1.90-5.70 (+200%)
_____

AMBA Weekly $197.50-207.50 Calls 

$197.50: 12.95-28.50 (+120%)
$200: 9.10-26.82 (+194%)
$202.50: 11.30-22.00 (+95%)
$2055: 7.77-22.58 (+191%)
$207.50: 6.90-20.80 (+201%)
_____

Fresh Options Ideas:
KR Weekly $41-42 Calls
SNOW Weekly $335-350 Calls
OKTA Weekly $197.50-205 Calls


Susglobal Energy Corp. (OTCQB:SNRG) – Update:

As we were just mentioning, the markets took a real beating yesterday, but despite that fact, SNRG recorded a respectable intraday move running 33% from .21-.28 on the day. It also registered the third biggest volume day since we began tracking it at the beginning of last month. This came just a day after the company was featured in a write-up posted to USA TODAY’s website, as we mentioned in Tuesday morning’s premarket report.

As you can see on the chart below, SNRG has been steadily building higher base levels of support over the last several weeks and indicators seem to suggest that the days and weeks ahead could get very interesting. Stay tuned for more updates as they become necessary.


Extended Watchlist:
CFVI, PHUN, DWAC, ABUS, OMER, BA, TGGI, QMEI,  

Wrapping Up Another Strong Trading Week

Snowflake Inc. SNOW – Options Review

In yesterday morning’s premarket report, there was a clear standout among our options ideas of the day. We had tagged the SNOW Weekly $247.50-250 Calls for observation following the company’s earnings drop. It was a release with mixed results, but that didn’t stop traders from pushing the stock as high as 279.45 on the session.

SNOW’s intraday move facilitated some fantastic numbers in our designated targets. The total possible gains were in the eight-bagger range, and were as follows: 

SNOW Weekly $247.50-250 Calls 
$247.50: 3.40-32.64 (+860%)
$250: 3.07-29.39 (+857%)
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Fresh Options Ideas*:
COST Weekly $320-315 Puts
AVGO Weekly $445-447.50 Calls
GPS Weekly $25.50-26.50 Calls
SPY Weekly $379-380 Calls 

*Please do not attempt to trade options with a weekly expiration on Friday unless you are an advanced level trader with access to disposable funds! 


For The Earth Corp. FTEG 

FTEG is a CBD play traded on the OTC that we tagged in yesterday morning’s extended watchlist, after noticing two of the company’s overdue reports were filed for the previous two quarters. FTEG is currently working toward coming current, and that represents progress toward that end, so that’s something we’re going to want to keep an eye on.

Whenever a defunct OTC stock goes current, the attention it brings can often drive some serious moves. We’ve witnessed many subpenny runners of late, and FTEG could get its chance, so we’re going to want to monitor this one closely over a longer period of time.


Extended Watchlist:
GRLF, INND, SANP, VPER, FORW, NSAV 

Trio of Fresh Options Targets & More

Ambarella, Inc. AMBA – Options Recap

In our premarket report yesterday morning, our lone earnings-based options idea on AMBA turned out fairly well for us very early on in the session. Those targets were the AMBA Weekly $118-121 Calls. 

The company exceeded expectations on earnings and revs, and along with optimistic guidance, propelled the stock on a huge PPS run from the starting bell that tapered off after the opening minutes. A quick trigger finger in the early goings could have provided the following potential gains in our designated range:

AMBA Weekly $118-121 Calls 
$118: 6.38-10.90 (+71%)
$119: 4.98-10.00 (+101%)
$120: 6.93-16.38 (+136%)
$121: 3.53-10.00 (+183%)
_____

Fresh Options Ideas:
SPLK Weekly $145-149 Calls
TCOM Weekly $39-41 Calls
SNOW Weekly $247.50-250 Calls 


Extended Watchlist:
AFPW, NWGC, ECOX, BLUU, INCT, FTEG, EEENF, QBAN, FRHV


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