Huge SPY Gains, KEGS News Alert & More

Massive SPY Gains: 

Monday is upon us once again and we’re ready to kick the tires and light the fires on another big trading week. We made out like bandits on Friday, after signaling some SPY calls in our premarket report, one of which registered one of the largest single session gains our ideas have yielded this year.

Both of our quick-strike targets put up positive figures. Specifically, we were looking at the SPY 04/01 $452-453 Calls, and the BABA Weekly $112-116 Calls. and the potential gains from which were as follows:

SPY 04/01 $452-453 Calls
$452:
 .07-1.23 (+1657%)
$453: .01-.40 (+3900%)
_____

BABA Weekly $112-116 Calls
$112:
 3.36-5.00 (+49%)
$113: 1.41-6.10 (+333%)
$114: 2.03-3.25 (+60%)
$115: 1.51-2.52 (+67%)
$166: .85-3.50 (+312%)


Fresh Options Ideas:
TWTR Weekly $44-45.50 Calls
B 06/17 $40-45 Calls


1812 Brewing Company, Inc. KEGS – News Update:

We’ve also got another major PR update from KEGS this morning which could have significant impact on the stock moving forward, so this is definitely something that requires our immediate attention.

The company is moving to reduce its number of authorized shares by half, with an allusion to even further reductions at a later date. Share reductions can go a long way to increasing the overall health and attractiveness of a stock, KEGS certainly seems committed to that mission.

Watertown, NY, April 04, 2022 (GLOBE NEWSWIRE) — 1812 BREWING COMPANY, INC. (OTC Pink: KEGS) (the “Company”) is pleased to announce that it shall reduce the Company’s authorized shares by 50%.  “It’s hard to imagine a scenario wherein the Company would need to issue 20 billion shares, and to have the Authorized Shares at that level may even be counterproductive to our ongoing efforts to reduce the Company’s overall cost of capital” stated Chairman and CEO Tom Scozzafava.  He continued, “This is a case where perception can create the reality.  If it is perceived that that many shares must be issued to fund your company, then that many shares may just, in fact, be needed.  And that certainly is not our intent.”

The Company’s current Authorized Shares are approximately 20 billion, the move would decrease that to approximately 10 billion.  Finally, Mr. Scozzafava stated, “and if operations continue to progress as they have been, an additional 50% decrease from there is likely.”  The Authorized Share reduction is subject to shareholder and board resolutions and an accepted filing with the State of Florida. (>>View PR)


Extended Watchlist: 
PLX, SPI, RCAT, BRQS, KATX, CRYM, KGKG, CLNH

Home Depot & Other Updates, Fresh Ideas

Recapping Home Depot Calls, Other Options: 

As usual, our first order of business for the day is to provide tracking on our active options trading interests. This morning that includes the solid moves made by the Home Depot calls we signaled for observation in yesterday’s premarket watchlist. as well as some more new highs on a couple of the other plays on our radar this week.

Specifically, we are referring to the HD Weekly $370-375 Calls, the BEKE 11/19 $17.50-20 Calls, and the PYPL 12/10 $210-225 Calls. In the case of the HD’s, we got some fantastic intraday movement, and our pre-existing targets managed to tack on some impressive new highs.

Those movements and total possible options trading profits thus far, are as follows:

HD Weekly $370-375 Calls
$370: 10.00-24.45 (+145%)
$372.50: 8.50-22.00 (+159%)
$375: 7.15-19.51 (+173%)

BEKE 11/19 $17.50-20 Calls
$17.50: 1.94-7.40 (+281%)
$20: .65-5.00 (+669%)

PYPL 12/10 $210-225 Calls
$210: 4.00-10.50 (+163%)
$215: 2.88-7.78 (+170%)
$220: 2.05-5.60 (+173%)
$225: 1.45-4.00 (+176%)


Fresh Options Ideas:
BIDU Weekly $170-175 Calls
TJX Weekly $71-73 Calls
LOW Weekly $250-255 Calls 


Extended Watchlist: 
PROG, CEI, SPI, ZSAN, RMTI, PCTL, GWHP, SBFM

Bullish and Bearish Options Ideas

Ehang Holdings Ltd. EH – Recap:

Things have been cooling on the options front this week as we struggle through a period of extreme low numbers of daily earnings reporters. It’s the volatility following these earnings dumps that provides us with the big gain chances we’re always after.

We have been managing to find plays here and there, however, and one of our ideas from yesterday morning, the EH Weekly $40-45 Calls, did post some solid intraday gains for us. Out of our pair of designated targets, one achieved multibag status while the other fell just a couple of percentage points short.

Here are the total moves and possible profits on the session for those plays:

EH Weekly $40-45 Calls 
$40: 3.98-7.90 (+98%)
$45: 2.34-4.80 (+105%)


Fresh Options Ideas:

We’ll be flipping bearish on ORCL today, and are also taking a longer-term look at SAGE, which has fallen off a cliff this week.

SAGE 08/20 $60-65 Calls 

ORCL Weekly $79-77.50 Puts


Extended Watchlist:
DPLS, KATX, APTY, RSHN, VMCS, WDLF, EFIR,  HYSR, SRNW, APRE, SPI, KIN, GTEC, FORD