We've gotten off to another great start with regard to options trading this week. Yesterday morning in our premarket report
, we formulated a couple of ideas, in the THO and UNFI chains on the heels of those companies' earnings reports.
Despite an extremely poor session for the markets in general yesterday, both of our our ideas, the THO 10/15 $115-120 Calls
and the UNFI 10/15 $35-40 Calls
, bucked the trend and exhibited multibag gains on the day for us. A strong performance all around no matter which contract set within our targeted ranges was selected.
Here are those excellent multibag intraday moves posted by our plays:
THO 10/15 $115-120 Calls
UNFI 10/15 $35-40 Calls
Fresh Options Ideas:
MU Weekly $72-71 Puts
WOR 10/15 $60-65 Calls
Farmmi, Inc. FAMI
We also would like to designate FAMI as a longer-term bottom bouncer that has the potential to become a solid recovery play.
We are going to radar FAMI for the effort the company is making to get its stock back to the dollar minimum PPS required for continued listing on the NASDAQ. A shareholder letter from the CEO this morning outlined some of the ways that's happening, including planned acquisitions and more. (>>Read PR
ENZC, IFAN, TLSS, FERN, VNTH, FONU, ETEK, AYVU, NCNA, GOVX, ITRM, FOLD