Tag: SPY

Heading Into a Crowded Earnings Period

SPDR S&P 500 ETF Trust (SPY) Update
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We are continuing to track the SPY options we signaled on Monday morning, which brought solid gains, as we reported yesterday. Our targets, the SPY Weekly $319-320 Calls registered 93% and 110% moves, respectively.

Yesterday, they underwent a dip-and-rip, creating another opportunity for those who may have missed the first. Here are the daily ranges on our tracked contracts, which should also be setting new highs once again today, if the premarket activity we’re seeing is any indicator:

SPY Weekly $319-320 Calls 
$319: 1.08-3.23 (+199%)
$320: .75-2.68 (+257%)

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Fresh Ideas:

We’re just getting through a period of extremely thin options reporting, but we have finally reached the point where it will all begin to turn around. We have just a couple interesting reporters today, but starting tomorrow we should have plenty more targets to choose from. Several big names are slated to drop earnings over the next week.

GS Weekly $217.50-222.50 Calls
INFY Weekly $11-12 Calls

Extended Watchlist:
PAOG, MEDH, CORG, ENZC, NXTC, DMAN, QSEP, YAYO

New Highs on KNOS, Options Idea

SPDR S&P 500 ETF Trust (SPY) Options Recap
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For the readers who may have only recently found our site or subscribed to our daily mailing list, we commonly use the SPY as our go-to market analogue. When we’re hoping to prey upon the general sentiment of a given day or week, quick-strike SPY options are how we most often accomplish this.

Yesterday was one such day, as we kicked off the fresh trading week by signaling interest in the SPY Weekly $319-320 Calls. Right out of the gate, and until lunch hour, the SPY ran with the markets, and provided us with some very nice intraday gain opportunities:

SPY Weekly $319-320 Calls 
$319: 2.42-4.67 (+93%)
$320: 1.86-3.91 (+110%)
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Fresh Idea:
BDC 09/18 $30-35 Calls

Kronos Advanced Technologies, Inc. KNOS

The last time we updated readers on the fantastic gainer that has been KNOS was back on June 4th. At the time, we had witnessed a run following our initial April call of the stock (04/20/20) from .011-.1309 (+1090%).

We’re circling back this morning after the stock has yet again soared to new highs. Following our report in June, KNOS consolidated down to a low of .043, before gradually pressing to yesterday’s new high of .24. That works out to a swing of 458% just over the last month, and an overall increase from our initially observed low amounting to a whopping 2082%, making KNOS our top OTC pick of the past few months.

Extended Watchlist:
GAXY, ALYI, BSRC, BYOC, NXEN, BSGM

WFC Update, Fresh Idea

TPT Global Tech, Inc. TPTW

We have been hot on the trail of TPTW since the morning of June 30th, at which time the stock was trading at a low of .0235 per share. We continued to mention the stock last week on a couple of occassions, as it climbed its way up the chart.

To finish off the week on Friday, TPTW made yet another run to solidify a new high of .0725. That marks a two-week increase on this play amounting to 209% This was just the next stock in a growing line of OTC picks that have fared well for us in recent months.

Wells Fargo & Co. WFC – Options Update

It was this past Tuesday when we formulated an extended term options trading idea for the Wells Fargo chain, signaling interest in tracking the WFC 08/21 $25-27.50 Calls.

So far, we have seen some nice preliminary gains off of that idea, and based on the current setup of the WFC chart, we like the chances of seeing even more progress in that regard over the coming weeks. Here are the total possible gains that could have been achieved on the heels of our July 7th alert::

08/21 $25-27.50 Calls
$25: 1.22-2.15 (+76%)
$27.50: .59-1.15 (+95%)
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Fresh Idea:
SPY Weekly $319-320 Calls 

Extended Watchlist:
HYSR, IGEN, CVLB, BSRC, GRCV, BYOC