Options Review
We had offered up three fresh options trading ideas for Friday’s session, in the EXPE, CGC, and NVDA chains. Despite a relatively choppy day for the markets as a whole, we were able to see some really nice gain opportunities in each and every one.
These were weekly contracts, so they expired at the close, but we still wanted to swing back around to report all of the gains that were on the table for ourselves and our readers. The enormous potential gains were as follows:
NVDA Weekly $285-290 Calls
$285: 2.75-10.00 (+264%)
$287.50: 1.48-7.59 (+413%)
$290: .74-5.37 (+626%)
EXPE Weekly $122-124 Calls
$122: .62-2.40 (+287%)
$123: .40-1.25 (+213%)
$124: .21-.74 (+252%)
CGC Weekly $22.50-23.50 Calls
$22.50: .09-.52 (+478%)
$23: .04-.24 (+500%)
$23.50: .02-.11 (+350%)
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Fresh Ideas:
AAPL Weekly $320-317.50 Puts
MDT Weekly $116-114 Puts
WMT Weekly $117-119 Calls
Virgin Galactic Holdings, Inc. SPCE – Recap
We’ve also been tracking SPCE since our premarket report on the morning of January 22nd, which has made a fantastic move on the chart in terms of the stock itself. We’ve seen it run from a low of 15.61, and this morning in early trading we’re witnessing a new high of 32.98. That’s a stock-only move of 111% which is nothing to shake a stick at, and here are the big-time gains afforded by our options calls.
SPCE 02/21 $10-15 Calls
$10: 6.24-18.00 (+188%)
$11: 5.30-16.30 (+208%)
$12: 4.30-14.80 (+244%)
$13: 3.50-15.40 (+340%)
$14: 2.80-14.04 (+401%)
$15: 2.15-13.10 (+509%)
Genprex, Inc. GNPX
As we were just mentioning on Friday morning, GNPX has come a long way since we put the stock on watch on January 6th, and we also pointed out its bullish close on Thursday as reason to suspect further gains were forthcoming.
The stock posted yet another huge move on the day, and carried our observed high much higher. GNPX was the #1 gainer on the NASDAQ for the session and hit 5.75. From our observed low of .29 on the stock from early last month, it has now risen by 1883%
Extended Watchlist:
SPOM, FZRO, FNHI