Tag: SYRS

SPY Shorts Prevail, Fresh Ideas

Friday Options Recap:

We put up a fairly good performance on Friday, with both of the quick-strike options ideas we had formulated in our premarket report for the day recording significant movement during the session. The markets in general continued to get beat up, leaving our ideas which were both bearish, to make some pretty good headway for us.

Our winning targets were the SPY 09/16 $387-384 Puts, and the ADBE Weekly $305-300 Puts. , and while the potential gains for the day weren’t earth-shattering we’d still call the following numbers to be quite solid considering the lack of earnings ammunition we’re dealing with at present. As we always say, during dry spells for earnings we have to get a bit more creative than usual, but that will never stop us from giving it the old college try!

SPY 09/16 $387-384 Puts
$387: 2.39-5.05 (+111%)
$386: 1.85-4.15 (+124%)
$385: 1.42-3.35 (+136%)
$384: 1.09-2.65 (+143%)
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ADBE Weekly $305-300 Puts
$305: 8.13-12.47 (+53%)
$302.50: 5.46-10.34 (+89%)
$300: 2.91-7.99 (+174%)

Fresh Options Ideas:
TTWO Weekly $119-121 Calls
FDX 10/14 $150-160 Calls
SPY 09/19 $385-383 Puts

Extended Watchlist:
SNTI, PRPL, FOXO, KOLD, KNBE, SYRS, BCAN, VNTH, RITE, ATMH, ARTH

Rehashing Prior Options Plays, Fresh Ideas

Catching Up on Options Recaps:

Our first order of business this morning on the heels of dedicating yesterday’s newsletter to our Special Report on WHSI, is to circle back and provide our readers with a recap from Friday’s performance on options plays. Then we’ll be all caught up and ready to hop right back in the saddle today with some fresh new ideas!

In Friday’s premarket report, we formulated a trio of options targets in the DOCU Weekly $64-66 Calls, the KR Weekly $49.50-51 Calls, and the ZS Weekly $172.50-177.50 Calls and that session brought potential success for traders in each and every case. Here were the total possible gains on the table, which were all absolutely massive, including some eye-popping thousand-plus percentage gainers in the KR chain:

DOCU Weekly $64-66 Calls
$64: .18-1.00 (+456%)
$65: .07-.48 (+585%)
$66: .03-.18 (+500%)
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KR Weekly $49.50-51 Calls
$49.50: .28-2.39 (+753%)
$50: .16-2.00 (+1150%)
$51: .05-.96 (+1820%)
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ZS Weekly $172.50-177.50 Calls
$172.50: 4.45-16.05 (+261%)
$175: 3.14-13.80 (+339%)
$177.50: 2.00-11.00 (+450%)

Fresh Options Ideas: 
SPY 09/14 $406-404 Puts
CNM Weekly $25 Calls
MSB 10/21 $25 Calls
WWE 10/21 $70 Calls

Extended Watchlist:
AKRO, SYRS, ETNB, CMRA, AREB, ILUS, NNRI, TONR, CGAC, PPCB, PYPD, WHSI

Blue Horseshoe Stocks: Bottom Plays & More

Syros Pharmaceutical, Inc. SYRS

First up on the docket for this morning is a potential bottom play that we’re going to want to put on our radars over the coming sessions. SYRS reported some less-than-ideal clinical data, and the stock got absolutely crushed yesterday.

We don’t ignore news developments, but we are constantly looking for over-abused stocks to pounce on during their recoveries, and one definitely seems in order for this play at the present juncture. The filling of the gap that was left on the chart by the sell-off would mean roughly 50% in gains from the current PPS.

Tenet Healthcare Corp. THC

We made it known yesterday morning that we had an interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock appeared to be ripe for continuing its recent bottom-bounce. THC did just that, but our tracked options didn’t heat up too much yet, posting gains of just 15-24% on the day. That could be set to change today, as the stock is showing signs of a gap up and possible continued upward momentum this morning.

We’ll be sure to make monitoring the ongoing activity here one of our top priorities for the rest of this week. This may only be the beginning of THC’s rebound off of its recently established new annual lows.

Riot Blockchain, Inc. RIOT

We began tracking RIOT on November 2nd at a low of 6.33, mentioning it three times over the course of the following month. The stock saw a massive run to 21.76, for a serious move of 244%

That was followed up by a pullback to a low of 12.01 on 11/30, and since then the stock has been making a push for those highs once again, yesterday reaching 23.67. That’s an added swing of 97% on top of the previous run we witnessed, and it leaves us interested to see if the stock can re-test and possibly breach the highs off of the previous run.

Extended Watchlist:
HIVE, SPHS, PTI, ECR, SRAX, CRSP