Getting Back on Track for a Fresh Trading Week

New Options Highs: 

First thing’s first, to start off this fresh trading week we’d like to apologize for the lack of a newsletter on Friday morning. We have only missed a couple of trading days in our entire history, and this time a power outage at our offices prevented us from doing our normal work, but we’re back in the saddle fully powered up and ready for another solid week of stock and options speculation!

So what we’re going to do before we hop right back on track, is go over the new highs that our options ideas from Wednesday morning registered to close things out on Friday, and then we’ll jump in with some fresh options ideas for today. As you can see in Wednesday’s report, we were tracking the YY Weekly $29-32 Calls, the BABA Weekly $85-90 Calls, and the DKNG 06/17 $20 Calls.

With the exception of the YY $29’s, we got new highs in all of these plays on Friday, so these figures represent the total possible gains in a two-day swing in these targets: 

YY Weekly $29-32 Calls
$30: 3.02-12.05 (+299%)
$31: 2.21-11.09 (+402%)
$32: 2.43-9.50 (+291%)
_____

BABA Weekly $85-90 Calls
$85:
 4.77-26.00 (+445%)
$86: 4.24-24.25 (+472%)
$87: 3.76-24.20 (+543%)
$88: 3.16-23.30 (+637%)
$89: 2.69-22.48 (+735%)
$90: 2.30-21.45 (+832%)
_____

DKNG 06/17 $20 Calls
$20:
1.79-3.05 (+70%)


Fresh Options Ideas:
PDD Weekly $44-46 Calls
MRNS 04/14 $10-9 Puts
PCOR 04/14 $60-65 Calls 


Stock Runners:

We’ve also got a couple of updates from the stock we placed on Thursday morning’s extended watchlist. The following ranges and percentage gains occurred from their lows on Thursday to their highs on Friday.

Zhihu Inc. ZH
Initial Alert: Mar. 17th
Range: 2.00-3.43
Gained: +72%

Kingsoft Cloud Holdings Ltd. KC
Initial Alert: Mar. 17th
Range: 4.90-7.62
Gained: +56%


Extended Watchlist:
AABB, MSTO, ALST, JPEX, CGSI, WHSI, FDBL, MULN, NILE, PIK, UTME, BBIG, HUSN, 

Wrapping Up Another Interesting Trading Week

Jabil, Inc. JBL – Options Recap: 

As we’ve been mentioning recently, we are continuing to fight our way through the heart of a major earnings drought. Case in point- there are ZERO pre or post-market reporters on the calendar for today. Yesterday was was also quite dry with the exception of JBL, for which we formulated an options ideas in our premarket report.

We designated the JBL Weekly $50-55 Calls as our targets of interest, and they exhibited some nice intraday activity; the $55’s in particular. The total ranges and possible gains on those targets were as follows:

JBL Weekly $50-55 Calls
$50: 6.45-8.10 (+26%)
$55: 1.10-3.47 (+215%)


Fresh Options Ideas: 

Yesterday’s post-market earnings releases by companies with at least a billion-dollar market cap are our only source of earnings-related ideas to close out the week today, and the calendar was limited to just two.

We’ll go ahead and set some potential targets in both of those options chains, but be advised that these are weeklies, and trading options on their day of expiration should be undertaken only with experience and extreme caution as premiums will begin to evaporate. Only play with what you can afford to lose under a worst-case scenario!

ADBE Weekly $555-570 Calls
SWBI Weekly $20 Calls


Goff Corp. GOFF – Review:

We began tracking GOFF after putting it on our watchlist on May 13th, and we’ve mentioned it a couple of times since then as well.

The stock has made an absolutely massive run from our observed low subsequent to our report in May, which came in at .033, and culminated in a new high of .2369 yesterday. That represents a monster move of 618% in just a shade over a month’s time!


Extended Watchlist:
ANPC, UTME, GERN, CYBL, FUTL, VMSI, JPEX, PPJE, ILST, ICOA