Yesterday we brought a grouping of NKE options ideas to the table following a post-market options beat the previous day.
Despite the slow market conditions that are to be expected of a week leading into the year-end holidays, we felt that NKE was set to provide some opportunities, and we weren’t disappointed.
Our targets for “daytrades and/or swing trades” were the NKE Weekly $52.50-54 Calls and it appears as if both notions will turn out to be correct, with the stock looking like it could post another strong session today. As for the daytrades that were possible yesterday, we saw the most notable moves out of three sets of contracts in our highlighted range:
$52.50 Calls – Range: .15-.38 – Max Gain: 153%
$53 Calls – Range: .07-.21 – Max Gain: 200%
$29 Calls – Range: .03-.09 – Max Gain: 200%
ERF Wireless, Inc. ERFB
We want to provide a quick update on ERFB this morning, which we highlighted in last Friday’s premarket repot. The stock saw a subsequent low of .0013 following that alert, and as of yesterday it had pushed as high as .0079.
That worked out to a 508% intraweek move up, so we want to say congrats to anyone who took this subpenny popper for a ride on the heels of last week’s tag.
Potential Bottom-Plays
We found a pair of stocks this morning that are both trading near their relative bottoms, with strong indications of impending rebounds on both of the charts.
Imprimis Pharmaceuticals, Inc. IMMY
& Ideal Power, Inc. IPWR
In addition to a ripe-looking chart, IMMY has seen some insider buying of late. A recent Form-4 filing revealed a significant buy ($280K) from CEO Mark Baum, who, coincidentally enough, also serves on the board of IPWR. We’re going to keep both of these stocks on recovery watch in the days and weeks ahead.
Fresh Options Idea: MU Weekly $22-23.50 Calls
Extended Watchlist:
INAP, TKAI, RGSE, ANY, HTBX, SYRX