Options Runners & More

More Earnings Hits: 

Our impressive run of options success continued with the fresh ideas we included in yesterday’s premarket report. We were feeling bearish about Campbell’s and United Foods following their quarterly earnings reports, and our instincts proved to be well founded.

Our targets were the CPB Weekly $48-46 Puts, and the UNFI 06/18 $40-35 Puts, and in both cases, we witnessed some very nice intraday moves in our targeted ranges.

CPB Weekly $48-46 Puts
$48: 
1.11-2.14 (+93%)
$47.50: .70-1.86 (+166%)
$47: .35-1.35 (+286%)
$46.50: .25-.87 (+248%)
$46: .12-.46 (+283%)
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UNFI 06/18 $40-35 Puts

$40: 5.90-7.99 (+35%)
$35: 1.03-3.44 (+234%)
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Fresh Options Ideas: 
SIG Weekly $64-66 Calls
RH Weekly $657.50-665 Calls


Majic Wheels Corp. MJWL – Update:  

We have been tracking MJWL for some time now, with our initial tag coming in on the morning of May 13th. Subsequent to that report just a shade under a month ago, the stock changed hands for as little as .0094.

Toward the end of May and into this month MJWL has been streaking to new highs, yesterday reaching its best mark yet at .0791. That’s a total increase of 741% in just a short time. Even those who had only caught our tag of MJWL this Monday morning, still had a shot at some nice gains. Monday’s low came in at .0453, which as of yesterday’s new high marked a three-day upswing of  75%


Extended Watchlist:
ZIVO, MDLY, OSAT, XIN, GOFF, PSWW, CZNI, PHIL, VXIT

Strong Trading Week Draws to a Close

More OTC Updates:  

Rennova Health Inc.RNVA – We have been tracking RNVA heavily since last week, at which time the stock was trading in the super-subpenny range. Shares were changing hands for as little as .0007, before the stock picked up steam this week, breaking into the subpenny level and running to a high of .0017. That works out to an upswing of 143% and continues a burgeoning trend of hot OTC plays that we’ve been experiencing in recent weeks.

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FBC Holding Inc. FBCD – Another OTC stock that we were following throughout the month of April has been FBCD. Subsequent to our tag on the 8th, it had consolidated to a low of .0037, and yesterday fell just shy of cracking into Pennyland with a new high of .0097. That works out to a 162% move.


Yesterday’s Options Plays:

Our fresh options watchlist for yesterday’s session consisted of three selections. The PYPL Weekly $255-260 Calls, the BUD Weekly $73-74 Calls, and the LIN 05/21 $290-300 Calls. We went three-for-three on those ideas, with the PYPL Calls standing out as the biggest winners on the day.

PYPL Weekly $255-260 Calls
$255: 
.64-2.65 (+314%)
$257.50: .38-1.64 (+331%)
$260: .23-1.01 (+349%)

Based on this morning’s premarket activity, there seems to be a good chance that we will see further advances in these PYPL targets to close out the week.
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BUD Weekly $73-74 Calls
$73: 1.25-2.00 (+60%)
$73.50: 1.17-1.70 (+45%)
$74: .72-1.97 (+174%)
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LIN 05/21 $290-300 Calls
$290:  6.24-7.90 (+27%)
$300: 2.10-3.10 (+48%)


Fresh Options Ideas*:
DKNG Weekly $52-54 Calls
ROKU Weekly $307.50-315 Calls
SQ Weekly $227.50-235 Calls 

*Please do not attempt to trade options with a weekly expiration on Friday unless you are an advanced level trader with access to disposable funds.


Extended Watchlist:
GBHL, VXIT, ELRA, NWGC, KRFG, MNGG, PRMO, SPZI, RGLG, SEEK