Monday’s Huge Winners
We kicked off the week in grand fashion yesterday, with what was easily the most successful single session for stocks we’ve had so far in 2016. We had an incredible three picks, all energy-related stocks, make gains of at least a hundred percent concurrent with the continued bolstering of oil prices.
SandRidge Energy, Inc. SDOC
We continued to track SDOC yesterday, after our mention in Friday’s premarket report netted a chance at up to 35% in intraday gains (.05-0674), and the surge was sustained and multiplied. After gapping up to open at .075, the stock bulled its way to an afternoon high of .154, for a solid double-bagger (105%).
From our observed low of a nickel on Friday, yesterday’s high marked a two-session swing of 208%
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Penn Virginia Corp. PVAH
Undoubtedly our top-gaining pick of the day, PVAH was off to the races promptly at the open.
It was a pleasure to watch as it spent the entire session in beast-mode, ramping its way up from .112 to .38 on immense volume! That’s an increase of 239% on the day, so big cheers go out to any of our readers who were able to take advantage of this gem!
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Goodrich Petroleum Corp. GDPM
GDPM came up big as well with an excellent intraday run, while managing to hold a majority of its daily advances into the close.
It started out with a rip from .0875-.1998, an intraday move of 128%, and came in at .174 at the closing bell, finishing the day on roughly 5x its 3-month average volume.
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Linn Co. LLC (LNCO)
While LNCO didn’t crack the double-bag threshold, it certainly had a solid session and came close. The stock traded in a range from .95-1.70, offering up intraday gains if up to 79%
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Breightburn Energy Partners, Inc. BBEP
BBEP also put forth a modest, yet respectable performance, rounding out our group of gainers for the day with a run from .80-1.25. That gave folks a shot at gains as high as 56% on the day.
Options Ideas
We’re also going to go ahead and formulate a couple of options trading ideas this morning- one long, and one short:
Urban Outfitters, Inc. URBN – Weekly $29-32 Calls
Shake Shack, Inc. SHAK – Weekly $40-37.50 Puts
Extended Watchlist:
AXPW, PPCH, BLKG, TPLM, EGLE, SBGL, SKLN(Possible Rebound Play)