SLQT’s Impressive Run Persists & More

SLQT Stock & Options Update:

Just over two weeks ago, in our report from the morning of August 31st, we caught SLQT after a director filed a Form-4 and soaked up shares at at relative bottom. Combined with the right chart setup, that’s the sort of scenario that we’ll always take a chance on, and it paid off for us.

SLQT has been making steady strides toward a recovery nearly every day since then, and our designated options targets, the SLQT 09/17 $7.50-10 Calls, which expire on Friday, have continued their rise. The stock itself has produced a solid move on the chart from a low of 9.19 on the morning of our original alert, to a new high of 14.03 yesterday. That works out to an upswing of 53% in just two weeks’ time.

As far as our highlighted options plays, we’ve already provided multiple updates, and today’s is quite impressive, with the $10’s in particular edging closer and closer to that coveted thousand percent gainer designation.

Here are the current figures on the total moves these contract sets have posted since the 31st: 

SLQT 09/17 $7.50-10 Calls
$7.50:
 1.80-6.50 (+261%)
$10: .40-3.90 (+875%)


Fresh Options Ideas:
MSFT Weekly $300-302.50 Calls
JKS Weekly $46-48 Calls
WEBR Weekly $12.50-15 Calls


Extended Watchlist:
SUWN, PGLO, MDMP, TPTW, VIZC, ICOA, DREM, EVCC, WLAN, TONR, EEGI, ATER, VVNT, SONN, BTB

Another Excellent Week of Options Trading

Closing Out a Fantastic Short Trading Week: 

As we prepare to close out this holiday-shortened week, we’re going to start off by highlighting some more new highs in the SLQT 09/17 $7.50-10 Calls we’ve been tracking since August 31st. SLQT on the stock side of things alone, has risen by a considerable margin, running from 9.19 to 13.24 for a gain of 44%

We also want to update on a set of longer-term options in the EPAY chain that we designated for observation back on the morning of August 16th. EPAY has also made a solid move, and it facilitated some nice moves for our targeted range, the EPAY 09/17 $40-45 Calls.

Here are the new highs in the SLQT targets, as well as the overall range on the EPAY contracts since we alerted on them:

SLQT 09/17 $7.50-10 Calls
$7.50:
 1.80-5.55 (+208%)
$10: .40-3.20 (+700%)

EPAY 09/17 $40-45 Calls
$40:
 .81-3.90 (+381%)
$45: .09-.76 (+744%)
_____

A couple of our fresh plays from yesterday morning’s report also made some great single-session gains for us on the day. Those targets and total possible profits were as follows:

LOVE 09/17 $55-60 Calls
$55: 1.95-8.40 (+331%)
$60: .75-4.40 (+487%)
_____

RH Weekly $685-695 Calls
$685:
 17.20-45.00 (+162%)
$690: 15.00-44.00 (+193%)
$692.50:18.80-39.95 (+112%)
$695: 13.35-36.13 (+171%)


Fresh Options Ideas:
ZS Weekly $285-290 Calls*
AFRM 09/17 $110-120 Calls
PLAY Weekly $37-39 Calls*
TIGR 09/17 $12.50-15 Calls

* Please don’t attempt to trade weekly options on a Friday unless you are an experienced trader with access to disposable funds! 


Extended Watchlist:
EWLL, VIZC, SIRC, ILUS, RGBP, ELIO, GGII, MSTO, GRSO, HPIL, ISEE, AFRM, ENDP, KPLT, TTOO

Solid Options Runners & More

Key Options Updates: 

We always try to include a mix of quick-strike weekly options ideas into our daily reports, as well as what we refer to as ‘longer-term’ ideas, with expiration dates that are weeks or sometimes even months away.

So this morning, in addition to highlighting the gains in the LI Weekly $29-30 Calls we signaled in our report yesterday, we’ll also backtrack to the HIBB 09/17 $100-105 Calls we put forth on Friday morning, as well as the KC 09/17 $30-35 Calls, which we initially alerted last Wednesday.

The total possible gains in those targets so far are as follows:

LI Weekly $29-30 Calls
$29:
 1.50-2.00 (+33%)
$30: 1.08-1.53 (+42%)
_____

HIBB 09/17 $100-105 Calls
$100:
 1.20-2.80 (+133%)
$105: .70-1.75 (+150%)
_____

KC 09/17 $30-35 Calls 
$30: .60-2.00 (+260%)
$35: .10-.51 (+410%)

With two-plus weeks remaining until expiration on the HIBB and KC contract sets, we’ll continue to track for the possibility of further increases, and report back with a future update. 


Fresh Options Ideas:
SLQT 09/17 $7.50-10
(*Form-4 Bottom Play*)
NTES Weekly $90-93 Calls
ZM Weekly $310-300 Puts


Extended Watchlist:
SONN, ACIU, RHE, SYTA, ASTA, BRYYF, KYNC, NOHO, TGGI, VIZC, GTLL, HDVY, BIEL,