PositiveID Corp. PSID
Our first order of business this morning is to go back and highlight the significant news from PSID yesterday concerning one of its recently acquired subsidiaries. Our regular readers will certainly recall from our initial report on PositiveID, that the company had completed the acquisition of Thermomedics and its FDA-cleared Caregiver® non-contact infrared thermometer back in December (>>View PR).
Yesterday it was announced that five new healthcare product distribution firms had been added to its client roster for the Caregiver thermometer. We believe the reason the product has been able to catch on so quickly is largely due to the potential savings it offers healthcare facilities over more traditional thermometer technology. Thermometer covers cost money, and expend resources in their storage and disposal. The Caregiver, being totally non-contact, eliminates the need for covers along with their associated costs.
According to the company, the new agreements will effect “sequential monthly sales growth” and open up “near-term pipeline opportunities” for Thermomedics, which was already producing notable revenue prior to the announcement. This also represents excellent progress in terms of PSID’s plans for growth in 2016.
SolarCity Corp. SCTY – Options Recap
With so much else to talk about yesterday morning, we had to hold off on congratulating any of our subscribers who caught our red-hot options idea for SCTY Weekly $19-17 Puts in Wednesday morning’s report.
We called for “potential intraday/intraweek swing-trade chances” in those contracts, and as is often the case when we set our sights upon a range of options ideas, every single strike point yielded ridiculously huge gain opportunities. The ranges provided represent Wednesday’s observed lows to yesterday’s closes at the highs-of-day.
$19 Puts – Trading Range: .26-2.35 – Max Gain: 804%
$18 Puts – Trading Range: .16-1.79 – Max Gain: 1018%
$17 Puts – Trading Range: .06-1.11 – Max Gain: 1750%
Although it was an astonishingly good two-day play, SCTY is rebounding in the premarket today so it’s time to move on from this particular idea. Still, cheers to anyone who got in on the fun while it lasted!
Extended Watchlist:
SRCO, HJOE, NHMD, MXSG