US Steel Corp. X – Update
Our US Steel targets from Tuesday morning’s premarket report continued to rise during yesterday’s session. We had mentioned the X Weekly $8.50-9 Calls We saw some nominal gains that day and on Wednesday cautioned that the party wasn’t over yet for those ideas.
Sure enough, we saw some very nice increases yesterday, pushing our ideas much higher and into multi-bag gain territory. The total moves on the week were as follows:
X Weekly $8.50-9 Calls
$8.50: .23-.81 (+252%)
$9: .07-.35 (+400%)
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Fresh Ideas*:
SPY Weekly $313-315 Calls
AVGO Weekly $310-317.50 Calls
*Please DO NOT attempt to trade options contracts with a weekly expiration on a Friday unless you are an advanced-level trader with access to disposable funds!
Luckin Coffee LK – Recap
We’ alerted on LK in last Wednesday’s report, at which time we stated that the stock was showing signs of a reversal. We put it on watch, and it didn’t take long for the stock to see a low of 2.00 before launching into a multi-day run.
Yesterday the stock hit 4.94, marking a move up from our observed low of 147% This morning in the premarket, that figure has been extended as the stock has changed hands for as much 5.71. That means we’ve witnessed an overall increase of 186% in a span of just eight trading days!
Extended Watchlist:
VISL, TTPH, HDII, CRGE, IGEN, GRST