Weekly Options Results for November, 2020

Quick Profits by Picking the Right Time!

Obtaining the Weekly Options Results.....

It is up to the trader to decide when to enter the Weekly Recommendations.

Taking the bottom reached and then selling at an appropriate top was the main objective to gain the maximum potential profit for Call Options – the opposite for Put Options. Obviously this is quite difficult but even 50% attained provides quite excellent potential profits for a few hours of trading.

The Recommendations and Profits…..

1. Buy CGC NOV 13 2020 25.000 CALLS

Time bought 9.34am for a cost of $0.22 – Sold at 11.04am for $0.82 - profit of 273%

2. RKT NOV 13 2020 22.000 CALLS

Time bought 1.04pm for a cost of $1.01 – Sold at 3.35pm for $1.85 - profit of 83%

3. PFE NOV 13 2020 40.000 CALLS

Time bought 10.44am for a cost of $0.17 – Sold at 10.55am for $0.31 - profit of 82%

4. BABA NOV 27 2020 250.000 PUTS

Time bought 11:13am for a cost of $3.69 – Sold at 11:47am for $4.50 - profit of 22%. If this time missed, sold next day for $4.80 – profit of 30%.

5. NTNX NOV 27 2020 27.000 CALLS

Bought for a cost of $1.92 – Sold for $3.64 - profit of 90%.

6. DKNG NOV 27 2020 50.000 CALLS

Time bought 10:48am for a cost of $0.35 – Sold at 11:46am for $0.80 - profit of 129%.

7. JWN NOV 27 2020 22.000 CALLS

Time bought 9:39 am for a cost of $1.30 – Sold at 12.45pm for $2.47 - profit of 90%. If this time missed, sold next day for $3.29 – profit of 153%.

8. CRM DEC 04 2020 260.000 CALLS

Bought for a cost of $5.29 – Sold for $6.95 - profit of 31%. (Sold on the day)

Total Potential Profit is 800%

Due to the volatility experienced in the stock market at the moment, taking profits early, and not waiting until expiry, is advisable!

The Catalyst for the Trades.....

.....for Weekly Options Trades - Canopy Growth Corp, Rocket Companies and Pfizer - CLICK HERE.

.....for Weekly Options Trades - Alibaba and Nutanix - CLICK HERE.

More recent trades…..

1. Weekly Options Trade – Nordstrom, Inc. (NYSE: JWN) Calls

Nordstrom, Inc. (NYSE: JWN) is expected to release its third-quarter fiscal 2020 numbers tomorrow, November 24, after the closing bell.

This department store operator is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of -101.2%.

Revenues are expected to be $3.11 billion, down 15.3% from the year-ago quarter.

In the last reported quarter, the fashion specialty retailer recorded a negative earnings surprise of 10.2%. The company delivered a negative earnings surprise of 18.5%, on average, in the trailing four quarters.

However, the situation may not be as grim as it first appears to be, particularly if we take into account Kohl's Corporation, which is basically in a similar situation.

Kohl's Corporation announced better-than-expected quarterly results last Tuesday, driven mainly by upbeat gross margins.

Recent COVID-19 vaccine developments provide tailwinds for the company, according to Gordon Haskett.

Although the department store space continues to face challenges, the company has several strategic initiatives that could lead to top- and bottom-line growth through 2021, Gordon Haskett  analyst Chuck Grom said in an upgrade note.

"The presence of both Ancora Advisors and Legion as shareholders has created some pressure on the C-Suite up in Menomonee Falls," the analyst said.

“While we don’t think there are any 'silver bullets' to correcting Kohl’s multi-year traffic drought overnight ... we do think that a focus on loyalty and leaning into categories of strength (vs. legacy areas of weakness) seems appropriate,” he said.

Therefore, expect Nordstrom to follow a similar theme and surprise analysts with an earnings report similar to Kohls.

2. Weekly Options Trade – Draftkings Inc (NASDAQ: DKNG) Calls

Loop Capital analyst Daniel Adam initiates coverage on Draftkings Inc (NASDAQ: DKNG) with a Buy rating and $100 price target.

Loop Capital lists the total addressable market for online sports betting and iGaming at $30 billion, which is higher than other analysts are projecting. Adam said analysts are viewing New Jersey as a mature market and basing the market size on the state, although he thinks New Jersey is far from mature.

Adam said the market size could be $34 billion to $40 billion based on 75% of the U.S. population having access to online sports betting.

3. Weekly Options Trade – Salesforce.com, inc. (NYSE:CRM) Calls

1. Analysts Upgrades - Ahead of the Q3 report on Tuesday, December 1, BMO raised the price target from $260 to $285 on Salesforce.com, inc. (NYSE:CRM) and maintained an Outperform rating.

Analyst Keith Bachman forecasts "~17% y/y growth in FY2022" for the Services Cloud business and sees "upside tension" existing to "~20% type of growth."

As well, salesforce.com’ s stock had its “buy” rating restated by equities researchers at The Goldman Sachs Group in a research report issued Thursday. They currently have a $275.00 price target on the CRM provider’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 11.42% from the stock’s current price.

Also, Jefferies Financial Group boosted their target price on shares of salesforce.com from $285.00 to $320.00 and gave the stock a “buy” rating in a research report on Sunday.

And finally, UBS Group set a $325.00 price target on salesforce.com and gave the stock a “buy” rating in a research note on Thursday.

2. The expected earnings - This customer-management software developer is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of -1.3%.

Revenues are expected to be $5.25 billion, up 16.3% from the year-ago quarter.

For the last reported quarter, it was expected that Salesforce.com would post earnings of $0.67 per share when it actually produced earnings of $1.44, delivering a surprise of +114.93%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

3. Buying Slack - Multiple reports emerged on Wednesday that Salesforce -- a company that has made dozens of acquisitions over the years -- is in advanced talks to buy chat/collaboration software vendor Slack (WORK). CNBC and The Wall Street Journal both report a deal could be announced as soon as next week, with the WSJ stating an announcement could happen at the time of Salesforce's Tuesday earnings report. Why buy Slack.....

Salesforce likely sees a lot of value in the slack connect platform

Salesforce might also see value in slack's internal collaboration features

Salesforce's sales and marketing muscle could be quite valuable to slack

A deal would heighten salesforce's rivalry with Microsoft.

With this news hit Wednesday CRM’s stock price plummeted from a high of $266.10, down to $245.05.

If you wish to read the complete details about these 3 recommendations CLICK HERE.

Summary of Weekly Options Results......

So combining the total potential profits for the trades for November, it comes to 800% potential profit for a few hours’ work. Even half of this comes to 400%.

To see all the results CLICK HERE.

Therefore…..

To be part of this profit making, join us here at Weekly Options USA, and get the full details on the next trade.

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