Mexus Gold US MXSG
MXSG was the first of a pair of extended watchlist plays from yesterday’s morning report to produce an appreciable intraday move that could’ve been used for healthy single-session gains.
From its opening price of .045 the stock spent the entire morning on a steady uptrend that carried it to a high of .0699 shortly after 12pm. That was good for a daily profit of up to 55% We next observed a dip-and-rip pattern in afternoon trading wherein the stock came down to find support at .0481 before launching back to the closing PPS of .0615; an added swing of 28%
Those moves came on more than quadruple the 30-day average trading volume and with a strong close, we’ll be sure to leave MXSG on our track-list in coming sessions.
We actually called this play back on February 5th at which time the stock was trading at .0016. Yesterday’s high represented an unreal 3744% increase in roughly three-and-a-half months over that low!
American Brewing Co. Inc. ABRW
The other significant runner that showed itself yesterday was ABRW. This was one that was also good for a quick rip right from the opening bell.
We witnessed an immediate spike from .98 up to 1.51, which represents a rip of 54% While the stock did trade mostly sideways for the remainder of the session, it managed to close at 1.35, maintaining well over half of its daily advance. That qualifies this play for continued observation as well.
Fresh Options Ideas
For the first time this week, we’re going to submit a couple of fresh plays on the options trading front.
SPDR S&P 500 ETF Trust (SPY) – The SPY has been a go-to for us when we want a chance to leverage overall market sentiment to our advantage. With strong performance from the markets as a whole, as well as cracking its 50DMA yesterday for the first time in several sessions, our highlighted range here is going to be SPY Weekly $208-210 Calls.
Apple, Inc. AAPL – It has been quite some time since we formulated any options ideas for AAPL, but it is one that has produced winners for us on a multitude of occasions in the past. The stock has been rebounding and showing strength over the past couple of sessions. Couple that with, as we just said, an overall bullishness in the general tone of the markets at large, and it makes AAPL an attractive target for us today, and into the near future. We’re going to zero in on AAPL Weekly $98-99 Calls for possible quick-strike opportunities, as well as AAPL 07/17 $101 Calls for a more of an extended-term idea.
Bonus Idea: CSC 06/17 $44-48 Calls
Extended Watchlist:
TSPG, IORG, NVAX, HERO, NWY(Bottom-Watch)