Speed Commerce, Inc. SPDC
We were just reminding our readers about SPDC yesterday, which we’ve now tracked for three sessions since our premarket report on Friday. We observed a low of .018 that day, and the stock hasn’t looked back since.
After another excellent PPS-enhancing performance on Monday, we suggested our subscribers continue to watch yesterday for the possibility of a protracted uptrend, and what followed was the biggest single-session move yet, and new highs for SPDC.
From an early low of .038, the stock rushed to .057 in the closing minutes. That represented a 50% intraday pop, and an overall three-day increase above our observed low of .018 amounting to 217%
Options Ideas
Rambus, Inc. RMBS – Recap
RMBS was the subject of an options trading idea we submitted yesterday morning, after noticing the stock gapping up in the premarket on a post-market earnings beat from the prior day. We targeted the RMBS 02/19 $12 Calls, and those contracts traded in a range from .37-.59; good for intraday gains of up 59%
Apple, Inc. AAPL
It’s been awhile since we signaled any AAPL options, but we’re presented with an opportunity this morning as the stock is down considerably in early trading on deflated sales forecasts, amongst other things. We’ll look for chances on the bearish side of things, namely the AAPL Weekly $97-95.50 Puts to try to take advantage of the consequences of shaken investor confidence.
Biogen, Inc. BIIB
An impressive beat on revenues and EPS is leading BIIB to a notable gap-up this morning, we’ll definitely want to look for the possibility of a nice intraday upswing from the stock. To ensure we catch the heaviest action we’ll begin by monitoring every set of contracts in the range of BIIB Weekly $267.50 through $280 Calls.
Extended Watchlist:
CDII, LTNC, GNPT, GDSI, TPIV