Petroleo Brasileiro SA Petrobras (PBR)
We regarded the PBR options chain as an area of short term interest this morning, and are happy to report that our focus on the $11 Daily Calls paid instant dividends.
As you can see on the screen capture below, from roughly 10-11am , the Calls we were looking at traded in a range from .34 to .55. That’s an intraday gain of 61%
PBR serves as an excellent reminder of why we sometimes like to delve a little deeper than just the stocks themselves. Options have the ability to provide us with those rapid daytrading opportunities that we covet so highly, as we saw here today. In, fact, as we’re sitting here typing, the $11 Calls hit a new high of .64, pushing our max gains on the session to 88%
Positive ID Corp PSID Update
Just a quick update on one of our recent interests in PSID this afternoon. Following our tracking of this play from .0572 up to.125 (+119%) back in February, the stock consolidated, and has recently been holding support in the .08-.09 range.
As the following chart shows, there is a Golden Cross in the making that has us looking at the possibility of another breakout.
For that and other insight into the PSID chart, check out the following video we prepared: