Our timing in alerting LFAP in yesterday’s premarket report honestly couldn’t have been any better. The stock had fallen to a new 52-week low in the previous session, and we caught it on our news scanner with a PR which highlighted the launch of the company’s Apple Healthkit-Enabled App For iOS.
The coincidence of those two events provided a springboard for the stock, which opened at its daily low of .0027 and served up the chance at a double-bagger as it surged 100% to .0054. That was followed by a short recession to .0035, and rebound back to a high of .0047, tacking on an extra 34% spike.
Cheers go out to any of our readers who were able to take advantage of this timely call!
GoPro, Inc. GPRO – Options
GPRO turned out to be one of the better options trading calls we made this week. Yesterday we mentioned that as a result of a big gap up on earnings, we’d be on the lookout for potential plays in the range of Weekly $49-51.50 Calls.
The price action on GPRO as the stock predictably performed a dip-and-rip maneuver on the chart, provided a couple of swing opportunities in each set of contracts in our targeted range. For example:
The $49 Calls shot up 61% from 3.10 to 5.00 in the first 15 minutes of trading, and dipped back to a low of 2.40 before rebounding as high as 4.50, adding another 87% swing.
The $51.50′s first ran from 1.30-2.75 gaining 112%, and followed that up with a pullback to .92 before returning to 2.16 (+135%)
Each set of contracts between those low and high ends of our selected range ($49.50, $50, $50.50, & $51′s) also served up opportunities with similar price action and possible gains for traders.
We picked up on a couple of stocks with fresh PRs out this morning that also happen to be coming up off of recent lows. As LFAP decisively proved yesterday, this has the potential to create the conditions necessary for rapid gains. We’ll have both of these on our radars as the session kicks off:
Nutra Pharma Corp. NPHC – Nutra Pharma Announces Nyloxin(R) Acceptance by Chinese Medical Authority – CPAM (Thu 8:30AM EDT)
Coates International, Ltd. COTE >> READ NEWS
GLUU, JDST, CKSW, XGTI, CVEO, FRO
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