Options Update
Medivation, Inc. MDVN
The fresh idea that we produced in yesterday’s morning report was a rousing success. We had our sights set on MDVN Weekly $41.50-43.50 Calls as outlined in our watchlist, and from within that range came multiple chances for outstanding intraday gains.
$42 Calls – Trading Range: .54-4.29 – Max Gain: 694%
$42.50 Calls – Trading Range: 1.75-3.70 – Max Gain: 111%
$43 Calls – Trading Range: .80- 2.07 – Max Gain: 159%\
The stock is gapping up drastically in the premarket, so we expect it to add to those gains this morning.
__________
Fresh Ideas:
Tesla Motors, Inc. TSLA – Today we’re going to hone in on TSLA Weekly $240-250 Calls* for possible daytrades.
ProShares Ultra VIX Short-Term Futures UVXY – The markets don’t seem to be responding well to the new jobs figures. Our related target is going to be Weekly UVXY $19-21 Calls*.
*Don’t forget, trading weekly options on Friday is very risky. Not to be attempted if you’re anything less than an expert trader!
Bottom-Watchlist Updates
RCPI, TWER, SKYS, UAMY
Yesterday morning, we gave our readers a heads-up on four big board plays that were trading at relative bottoms that we wanted to watch for rebound activity. While it was the most pronounced in SKYS, all four of them produced some level of intraday upswing.
Sky Solar Holdings Ltd. SKYS – As we said, the clear winner for the session was SKYS which rode a wave of upward momentum from a morning low of 1.30 to a subsequent high of 2.58. That gave anyone who caught our alert a chance at gains of up to 98% on the day! The ranges and gains on the remaining trio of bottom plays were as follows:
Rock Creek Pharmaceuticals, Inc. RCPI – Range: .295-.365 – Gained: 24%
United States Anitmony Corp. UAMY – Range: .1997-.243 – Gained: 22%
Towerstream Corp. TWER – Range: .1099-.129 – Gained: 17%
We’ll leave all four on our radars in sessions to come to spy for signs of continued recoveries, with the recording of higher lows and higher highs.
_____
Strikeforce Technologies, Inc. SFOR
We also had SFOR come off of our extended watchlist to put up a solid session. The stock ran from a low of .0007 and reached .0013 for an 86% intraday rip.
Latest From the Chatroom
As many of you already know, we conduct daily live traders chats via Skype, and one of our valued participants produced another bigtime winner yesterday. DJ was at it again with his knack for sussing out hidden gems, and the whole group benefited.
He spotted NVNT and shared with the room, and what followed was an epic run from .002-.024 (+1100%).
If this isn’t an example of why we urge our readers to get involved with the chats nothing is, so do yourself a favor and send a Skype contact request to username stocksumo and start participating today!
Extended Watchlist:
CDNL, SBFM, TAUG, BTFL, SCTY,