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

Interesting Technical Setups & More

Yesterday’s Earnings Plays: 

Two of our fresh options plays for yesterday’s report were weekly calls, and despite a mixed session for the markets as a whole, they experienced appreciable intraday moves. The activity in the MRVL Weekly $49-51 Calls and the SFIX Weekly $61.50-65 Calls didn’t blow the lid off of anything, but we did witness some highly respectable gain opportunities.

MRVL Weekly $49-51 Calls
$49: 
1.06-1.92 (+81%)
$50: .62-1.23 (+98%)
$51: .34-.68 (+100%)
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SFIX Weekly $61.50-65 Calls
$61.50: 
3.65-5.54 (+52%)
$62: 3.35-5.48 (+64%)
$62.50: 3.13-4.80 (+53%)
$63: 2.84-4.72 (+66%)
$65: 1.91-3.45 (+81%)
_____

Fresh Options Ideas:
CPB Weekly $48-46 Puts
UNFI 06/18 $40-35 Puts


Interesting Chart Plays:

Also catching our eye this morning are a couple of interesting chart setups in FibroGen, Inc. FGEN and Fastly, Inc. FSLY, and in both cases we will be watching the stocks as well as some potential options ideas.

In the case of FGEN, there are a couple of large gaps to fill to the upside, and over the past couple of sessions the stock has given indication that it may be about to do so. We’re going to be tagging the FGEN 07/16 $27.50-30 Calls for observation.

On FSLY, the gap-fill has occurred this week and the PPS is now on the verge of breaking past the 50DMA with its considerable momentum. We’ll radar the FSLY 06/25 $61-63 Calls.


Extended Watchlist:
SRNW, JPEX, STHC, TTSI, ECMH, PLPL, NUVI, DCAC, CKPT, SPI, CLVS, AEHL, OEG

Cleaning Up on Options

Winning Options Sweep

We had formulated three separate options ideas as our fresh plays for yesterday morning’s premarket report, and despite the fact that the markets as a whole took an absolute dive on the day, all three sets of contracts produced significant upward movement early on.

Our targets were in the GS, INFY, and VOXX chains, and here are the moves they made right from the opening bell:

GS Weekly $210-215 Calls
$210: 2.72-5.13 (+89%)
$212.50: 1.55-3.27 (+111%)
$215: .81-1.92 (+137%)
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INFY Weekly $16 Calls
$16
: .30-.63 (+110%)
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VOXX Weekly $7.50-10 Calls
$7.50: 2.35-3.58 (+57%)
$10: .35-1.70 (+386%)


Fresh Options Ideas:
WBA Weekly $36-36.50 Calls
SPY $Weekly $345-344 Puts


Extended Watchlist:
CYCN, LQDA, INOO, STAF, SPI, PBEGF, DSGT