Fireworks to End the Week, New Plays

Huge Finish to the Week:

We left off on Thursday morning before taking a very rare off-day on Friday, with a slew of potential options ideas for our readers to ride into the end of the week in our absence, and things shook out rather well in most cases. Of the six potential plays we highlighted in Thursday morning’s report, five would subsequently make big moves. It left things for us on a very high note, and we’re excited to hop back into the saddle this morning to kick off a full, and hopefully equally exciting trading week.

Here’s the breakdown of the biggest upswings recorded by our ideas from Thursday through the end of the week. That includes the CRM Weekly $215-210 Puts, the VEEV 06/16 $175-180 Calls, the OKTA Weekly $75-73 Puts, the CHWY Weekly $34-35 Calls, and the DG Weekly $185-180 Puts, and as you can plainly see, some of the runs they exhibited were positively monstrous.

CRM Weekly $215-210 Puts
$215:
 1.06-4.53 (+327%)
$212.50: .40-2.21 (+452%)
$210: .12-.86 (+617%)
_____

VEEV 06/16 $175-180 Calls
$175:
 4.02-25.30 (+135%)
$180: 2.61-20.61 (+135%)
_____

OKTA Weekly $75-73 Puts
$75:
 .13-1.30 (+529%)
$74: .02-.40 (+1900%)
$73: .01-.07 (+600%)
_____

CHWY Weekly $34-35 Calls
$34:
 .58-3.50 (+503%)
$34.50: .51-3.00 (+488%)
$35: .43-2.70 (+528%)
_____

DG Weekly $185-180 Puts
$185:
 1.09-25.40 (+2230%)
$182.50: .80-22.30 (+2687%)
$180: .67-20.20 (+2914%)


Fresh Options Ideas:
SAIC 06/16 $105-110 Calls
L 06/16 $60 Calls
TSLA Weekly $215-220 Calls


Extended Watchlist: 
EVGO, FRZA, CJET, TMBR, BVXV, EVAX, AITX, VRSSF, BLTH, IQST

6 Fresh Ideas, Special Announcement

Wednesday’s Winners, 6 New Ideas:

We swept the board with our options plays in yesterday morning’s premarket report, with all three of the sets of puts that we signaled interest in, making some pretty good moves for us. It was a rather light day for earnings, but that isn’t going to be an issue with the mammoth slate of reporters on the calendar for today.

As for yesterday’s runners, we were tracking the AAP Weekly $83-80 Puts, the CPRI 06/16 $37.50 Puts and the FRO 06/16 $14 Puts, and here are the solid moves the exhibited on the session.

AAP Weekly $83-80 Puts
$83:
 6.85-10.00 (+46%)
$82: 3.50-8.94 (+155%)
$81: 3.40-8.00 (+135%)
$80: 2.50-7.44 (+198%)
_____

CPRI 06/16 $37.50 Puts
$37.50:
 1.20-3.20 (+167%)
_____

FRO 06/16 $14 Puts
$14: .80-1.00 (+25%)


Fresh Options Ideas: 

We selected a half dozen possible plays today. We wanted to leave things this week on a potentially exciting note, as we will be unable to publish a premarket report tomorrow. It’s extremely rare that we take a trading day off, so it’s not something to which our readers will need to become accustomed. We’ll see everyone bright and early Monday morning to go over these plays and kick off a fresh trading week!

CRM Weekly $215-210 Puts 
CRWD Weekly $145-143 Puts
VEEV 06/16 $175-180 Calls 
OKTA Weekly $75-73 Puts
CHWY Weekly $34-35 Calls
DG Weekly $185-180 Puts 


Extended Watchlist: 
AGBA, WLDS, UCAR, WEJO, MNPR, QSG, AIAD, LTRY, CLNV, SEII

Blue Horseshoe Stocks: Options Ideas & More

SPDR S&P 500 ETF (SPY)

As you are probably aware the SPY (the markets as a whole) had been on a historic run starting in early 2016 which persisted through January of this year, when we experienced some of the biggest selloffs in market history. The SPY began to rebound earlier this month, and was making a pretty good run at a recovery until yesterday brought another significant backslide.

Despite yesterday’s hiccup, the SPY has been in a general uptrend for the last couple of weeks, and today, it looks like we could resume the path toward ascension. We’ll be ;looking for the markets to go green today, which could produce some notable opportunities in the SPY 02/28 $275-276 Calls*.

*Please note that these contracts expire today, thus the associated risk is that of trading weekly options on a Friday. It should never be attempted unless you are an expert level trader with disposable funds.


The TJX Companies, inc. TJX

TJX is exhibiting a considerable surge in premarket trading today. Despite missing EPS estimates in their Q4 earnings call, the stock is gapping up to the tune of 8% this morning.

When we see a monster gapper like this, we generally look to signal a range of options calls that will come into play in a dip-and-rip scenario, which are quite common in instances such as these. We will be tracking the TJX 03/16 $80-85 Calls.


Extended Watchlist:
ECYT, ENPH, CTRV, GLNG, NIHD, VEEV