Midweek Movers, 4 Fresh Ideas

Wednesday’s Winners:

It was another really nice day for us on Wednesday, in terms of the performance of the options plays we highlighted in our premarket report. We’re still chugging right along as we head toward the ten week mark in our hot streak, a proposition that even we ourselves did not expect to occur in reality. The recent major market volatility has almost certainly made our jobs easier in that regard.

Yesterday’s plays were the HQY Weekly $90-85 Puts, the STNE Weekly $10.50-11 Calls, and the. Here were the most positive swings they registered on Wednesday:

HQY Weekly $90-85 Puts
$90: 
4.00-9.10 (+127%)
$85: 1.45-4.90 (+237%)
_____

STNE Weekly $10.50-11 Calls
$10.50: 
.45-.95 (+111%)
$11: .15-.55 (+267%)
_____

GDS Weekly $33-31 Puts
$33: 1.80-2.77 (+54%)
$32: 1.29-3.01 (+133%)
$31: 1.14-2.35 (+106%)


Fresh Options Ideas: 
PDD Weekly $117-119 Calls
YY Weekly $45 Puts
FIVE Weekly $80-85 Calls
JBL Weekly $145-150 Calls

*Trading options contracts on their day of expiration should only be attempted by experienced traders


TEN Holdings Inc. (NASDAQ:XHLD) – Recap:

We saw some really good movement in XHLD from yesterday’s extended watchlist. The stock ran from a low of .70 on up to 1.74 for a 149% rip on the day.


Extended Watchlist:
SAG, PSTV, IMG, WINT, GCTK, BDTX, DEVS, ADTX

More Options Recaps, 3 Fresh Plays

Recapping Yesterday’s Runners:

We kept our streak running once again on Tuesday with the small selection of potential plays laid out in our premarket report. We hashed out just three options ideas, and saw positive movement in each one. Even with a relative lack of big name earnings reporters so far this week, we’ve still managed to make it work, unearthing some really nice gains every day.

Yesterday’s movers were the SPY 03/18 $566 Puts, the TSLA Weekly $232.50-230 Puts, and the BEKE Weekly $23.50-24 Calls. They recorded the following moves on Tuesday:

SPY 03/18 $566 Puts
$566:
2.63-7.05 (+168%)
_____

TSLA Weekly $232.50-230 Puts
$232.50: 9.28-14.10 (+52%)
$230: 7.89-12.45 (+58%)
_____

BEKE Weekly $23.50-24 Calls
$23.50:
.33-.49 (+48%)
$24: .21-.43 (+104%)


Fresh Options Ideas: 
HQY Weekly $90-85 Puts
STNE Weekly $10.50-11 Calls
GDS Weekly $33-31 Puts

*Trading options contracts on their day of expiration should only be attempted by experienced traders


Extended Watchlist:
VRPX, BDRX, BDTX, XHLD, LSE, SCNX

CBIH to Begin Clinical Trials, Options Review & 3 New Ideas

Cannabis Bioscience International Holdings, Inc. (OTCMKTS:CBIH) – News Alert:

We’ve got another fresh PR from CBIH to hit the wires this morning, and it concerns one of the primary topics that was featured in our initial report on the company, Orthocann. It’s a cannabinoid-based knee injection for sufferers of chronic osteoarthritis, and it appears set to undergo clinical trials, per the following announcement:

HOUSTON, TX–(Newsfile Corp. – March 20, 2024) – Cannabis Bioscience International Holdings, Inc. (OTC Pink: CBIH) has announced the enrollment of the first patient for the clinical trial of its new intra-articular cannabinoid-based injection for knee osteoarthritis. The company plans to test the product on its first participant, and after careful collection and analysis of clinical outcomes, start enrollment of a bigger sample of patients to administer the treatment and further evaluate its efficacy. (>>View Full PR)

For more information on CBIH, please visit cbih.net
and/or contact Peter Nicosia at (585) 703-6565 with any inquiries


Successful Options Review:

Yesterday’s session turned out pretty well for the potential options trading targets that we mentioned in our premarket report. Two out of the three ideas produced some nice intraday movement, while the third was a set of May contracts that we may yet return to for an update. Speaking of which, in addition to outlining yesterday’s gainers, we also have a couple of longer-term ideas that we formulated in recent reports for which we’ll provide a recap.

Yesterday’s runners were the STNE Weekly $16.50-15.50 Puts, and the DLO 04/19 $16-15 Puts, and the last two updates, on the SAIC 04/19 $135-130 Puts and the ADM 04/19 $57.50-60 Calls have links to the reports in which we first alerted on them.

STNE Weekly $16.50-15.50 Puts
$16.50
: .33-.53 (+61%)
$16: .15-.26 (+73%)
$15.50: .07-.15 (+114%)
_____

DLO 04/19 $16-15 Puts
$16: 1.00-1.52 (+52%)
$15: .60-1.00 (+67%)
_____

SAIC 04/19 $135-130 Puts (Alerted on 03/18)
$135: 6.26-9.75 (+56%)
$130: 2.73-5.20 (+90%)
_____

ADM 04/19 $57.50-60 Calls (Alerted on 03/11)
$57.50: 2.15-4.31 (+101%)
$60: 1.04-2.56 (+146%)


Fresh Options Ideas:
PDD Weekly $149-152.50 Calls
GIS Weekly $71-72 Calls
INTC Weekly $42.50-43.50 Calls


Extended Watchlist:
OBLG, JAGX, MGRX, ETAO, TGL, ENSV, TSHA, IGPK, BCEL, OPTI

Monday’s Performance, 3 New Possibilities

A Good Start to the Week:

All in all, it was a good start to the fresh trading week on Monday. Our premarket report contained two quick-strike options ideas, and a couple of longer-term suggestions. Out of those four possible plays, three of them produced immediate results for us, putting up some nice intraday upswings.

Those targets were the SPY 03/18 $512-513 Calls, the TSLA Weekly $167.50-170 Calls and the ERJ 04/19 $25 Calls. Below are the intraday increases they recorded:

SPY 03/18 $512-513 Calls
$512
: 2.32-3.63 (+56%)
$513: .19-.44 (+132%)
_____

TSLA Weekly $167.50-170 Calls
$167
: 3.60-8.95 (+149%)
$170: 2.63-7.15 (+172%)
_____

ERJ 04/19 $25 Calls
$25: .25-.65 (+160%)


Fresh Options Ideas:
STNE Weekly $16.50-15.50 Puts
DLO 04/19 $16-15 Puts
TMP 05/17 $45-50 Calls


Li-Cycle Holdings Corp. (NYSE:LICY) – Recap: 

We’ve been tracking LICY since the morning of the 13th, and in that time, the stock has made quite a nice move in a positive direction. From its low of .6537 on the morning of our initial report, the stock has gone on to hit 1.50 in premarket trading this morning. That represents an observed run of 129% for us in just the past five trading days.


Extended Watchlist:
IHRT, HIVE, IGPK, MJNA, OTRK, ZCAR, ENVB, FUSN, HOTH, CERS

Massive SPY Gains

SPDR S&P 500 (ETF) SPY – Review

Yesterday morning we said we would come back to the idea we issued for the SPY on Tuesday morning, for what we assumed was going to be some nice added gains. The targets were the SPY 05/27 $302-303 Calls, and they exceeded our expectations for the day by a country mile!

That pair of contracts posted what may possibly be the biggest single session gains we’ve ever tracked in the SPY, which has been our go-to market analog for years. The gains here were simply marvelous.

SPY 05/27 $302-303 Calls
$302: .02-.91 (+4500%)
$303: .03-1.92 (+6300%)

We had also signaled fresh ideas in some other options chains yesterday, and thanks in part to a big day for the markets, we saw some appreciable gains there as well, which were as follows: 

GSX 06/19 $30-35 Calls  
$30: 2.98-4.90 (+64%)
$35: 1.00-1.93 (+93%)
_____

STNE Weekly $31-32 Calls
$31: 
1.19-3.60 (+203%)
$32: .80-2.70 (+238%)



More Fresh Ideas:

WDAY Weekly $172.50-177.50 Calls
HPQ Weekly $17-16 Puts 


Extended Watchlist:
OZSC, INQD, BBRW, KNOS, ITOX, TTCM, BGFV

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