Midweek Movers, 5-Pack of New Ideas

Five for Five on Wednesday:

We got things right back on track in yesterday morning’s premarket report, with a mostly bearish slate of options trading ideas. We went to the short side on four out of our five potential plays for the day, and the markets played along, experiencing a rather red day that helped facilitate some nice gain chances among our picks. All five posted solid intraday runs for us on the day.

Our daily targets were the ANET Weekly $260-255 Puts, the WM Weekly $192.50-197.50 Calls, the DDOG Weekly $131-128 Puts, the LSCC weekly $65 Puts and the CDNS Weekly $285-280 Puts. Here were the very respectable moves they made during the session:

ANET Weekly $260-255 Puts
$260
: 1.50-3.14 (+109%)
$257.50: 1.05-2.23 (+112%)
$255: .70-1.35 (+93%)
_____

WM Weekly $192.50-197.50 Calls
$192.50: 2.60-6.80 (+161%)
$195: 1.55-4.50 (+190%)
$197.50: .69-2.60 (+277%)
_____

DDOG Weekly $131-128 Puts
$131: 1.20-4.33 (+261%)
$130: .90-3.78 (+320%)
$129: .75-3.26 (+335%)
$128: .59-2.71 (+359%)
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LSCC weekly $65 Puts
$65: .05-.30 (+500%)
_____

CDNS Weekly $285-280 Puts
$285
: .84-1.50 (+79%)
$280: .35-.94 (+169%)


Fresh Options Ideas:
KHC Weekly $35.50-34.50 Puts
AKAM Weekly $120 Puts
SONY Weekly $96-98 Calls
SPY 02/14 $495-496 Calls
ABNB Weekly $146-145 Puts


Extended Watchlist:
ELWS, IINN, DTSS, BREA, TAOP, LYFT, CCTG, TDRK, CRCW, VBHI

Friday’s Multi-Baggers, New Trading Ideas

Friday’s Runners Recap:

Everything went reasonably well on Friday following our premarket report for the day. We were tracking a trio of potential options trading targets, and saw good movement in all but one of our designated contracts. It was a solid end to another strong weekly performance for us, during this often challenging time of the year.

Our interests for the day were the COST Weekly $640-645 Calls, the DRI Weekly $165-160 Puts, and the SCHL Weekly $35 Puts, and we saw multibag intraday moves from all but the DRI 165’s. Here’s the breakdown of that activity:

COST Weekly $640-645 Calls
$640:
 3.80-21.35 (+462%)
$645: 3.00-16.30 (+443%)
_____

DRI Weekly $165-160 Puts
$160:
 .14-.45 (+221%)
_____

SCHL Weekly $35 Puts
$35:
 .10-.35 (+250%)


Fresh Options Ideas:
SPY 12/18 $470-471 Calls
MARA Weekly $18 Puts
COIN Weekly $148-146 Puts

*Only experienced traders should attempt to trade options contracts on their day of expiration


Star Alliance International Corp. (OTCMKTS:STAL) – Update:

Since our last update on STAL, the stock registered a new high of .012 on Friday, up from Tuesday’s low of .0045. That completed an intraweek run of 167% on this stock that we’ve seen make many such swings recently.
_____

CytoDyn Inc. (OTCMKTS:CYDY) – Update: 

We’ve been tracking CYDY pretty closely, initially flagging the stock in our report on the first of this month, after which it registered a low of .1651. On Friday, we saw a new high recorded at .3595, which works out to an overall increase of 118%


Extended Watchlist:
CTGO, ICCT, PBLA, WHLR, FCEL, AKLI, GETR, VBHI, VOCL, MGTI, ABQQ, ASII, ELYS

NKE, MU Options Recaps, Fresh Plays

Micron, Nike Options Recaps:

We signaled interest in just a couple of options chains yesterday, targeting Micron and Nike on the heels of their earnings reports. In particular, we were after the MU 12/23 $86-89 Calls, and the NKE 12/23 $157.50-162.50 Calls.

We hit on both ideas for the day, with all seven of the contract sets contained within those ideas producing notable intraday activity which yielded the following total possible gains:

MU 12/23 $86-89 Calls 
$86: 2.79-5.35 (+92%)
$87: 2.13-4.45 (+109%)
$88: 1.52-3.62 (+138%)
$89: 1.27-2.86 (+125%)
_____

NKE 12/23 $157.50-162.50 Calls
$157.50: 7.70-10.88 (+41%)
$160: 5.65-8.87 (+57%)
$162.50: 3.75-6.45 (+72%)


Fresh Options Ideas:
TWTR 01/28 $48-50 Calls
KMX 12/23 $139-143 Calls


OTC Updates: 

We’ve got more runners on the stock side of things to report this morning, including a new high in OWUV which just appeared in yesterday’s newsletter. ONPH is another OTC play we’ve been tracking this week and it also hit multi-bag gainer status.

Oncology Pharma, Inc. ONPH
Alerted: Dec. 20th
Range: 3.53-7.27
Gained: +106%
_____

One World Universe, Inc. OWUV
Alerted: Dec. 9th
Range: .153-.3998
Gained: +161%


Extended Watchlist:
NWBO, SBES, VBHI, DBRM, ICNM, CCAJ, GCEI, BVXV, AVCT, RCAT, BRTX