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%)
UNFI 06/18 $40-35 Puts
$40: 5.90-7.99 (+35%)
$35: 1.03-3.44 (+234%)
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%
ZIVO, MDLY, OSAT, XIN, GOFF, PSWW, CZNI, PHIL, VXIT
Peer to Peer Network PTOP
Subsequent to our initial alert of PTOP on November 8th, we would observe the stock trading for as little as .0004 and it has gone on quite a ride since.
We were already mentioning the solid moves it’s made in recent weeks, but yesterday the stock broke out to new highs, trading up to .022. That works out to an incredible run of 5400% which might seem over the top if not for the fact that the sector has been under mass hysteria as Bitcoin recently touched new all time highs at $19,694.68. We’ve been all over the cryptocurrency/blockchain space since a BTC was worth just a couple thousand dollars, so to see how far its come in just a short time is highly impressive.
Like many other crypto plays, PTOP has been a hot ticket item of late, and will continue to be a point of focus for us moving forward.
Fresh Options Ideas
FedEx Corp. FDX – We want to signal some contracts in the FDX chain on the heels of the company’s post-market earnings release yesterday. Trading short term options after a strong earnings report has become our butter, and FDX was already building on a significant bull run leading into yesterday. We’ll have our eye on the FDX Weekly $245-250 Calls.
Blackberry Ltd. BB – BlackBerry is on the premarket earnings calendar this morning, and with record software and services revenue, could be in line for a big day. We’re going to monitor the BB Weekly $10.50-11.50 Calls
NETE, SRAX, CLSN, XIN, RIOT, AMPE, HMNY, OHAI