Dollar Tree, Inc. DLTR – Options Update
We’ve got updates on our DLTR options idea for send morning in a row today. Just to recap for those who may have missed it, we formulated an idea for last Wednesday‘s premarket report, the DLTR 04/21 $78-80 Calls.
With a very nice multi-day bullish run for DLTR in effect and continuing yesterday brought the stock to new highs once again, which means updates to our observed ranges on these contracts that we began tracking last week.
$78 Calls – Range: .51-2.22 – Max Gain: 335%
$78.50 Calls – Range: .63-2.05 – Max Gain: 225%
$79 Calls – Range: .48-1.95 – Max Gain: 198%
$79.50 Calls – Range: .35-1.69- Max Gain: 383%
$80 Calls – Range: .30-1.40 – Max Gain: 367%
DLTR has now traded up from the $74 area, to nearly $80 over that spanm and in the event it breaks that $80 barrier, we would have to look at rolling up our strike prices to stay in the thick of things.
MMEX Resources Corp. MMEX
We saw a fantastic intraday run out of MMEX yesterday after once again tagging it in our premarket report. It included a continual climb throughout the session as the stock traded up from a low of .0081 first thing in the morning, to a high of .0169 just prior to the closing bell. That works out to a daily pop of 108%
Considering we alerted MMEX in last Friday morning’s report, and observed a low of .0046 at the time, we’ve now seen an overall increase of 267% from this play in just five trading days,
Athersys, Inc. ATHX
We want to swing back around for a quick mention of ATHX, which was a stock we put on our radars back in February. We would observe a low of 1.10 last month, but for the most part, ATHX just did a lot of sideways trading for the next few weeks.
All that finally began to change this week, with a run to a new high of 2.01 yesterday, marking a 83% rise off of our observed low. We may need to watch for a pullback before jumping back in for another run as the stock is now is extremely overbought territory.
Added Notes:
We want to pay attention to a couple of stocks we’ve come across in the $3-range, that based on a number of factors, appear to be ripening for rebounds that could very well take each one to the $5 level or higher.
Leju Holdings, Ltd. LEJU – This stock has been trying to get up off of its recent relative lows, and this morning appears to be gapping nominally. We’ll be watching for a more sustained rebound.
Cyclacel Pharmaceuticals, Inc. CYCC – We’ve identified a strong double-bottom signal from CYCC as well, along with the clear potential for volatility. This one’s going to go on our running watchlist as well.
Extended Watchlist:
USRM, SFOR, ICNB, JAGX, BBRY, GALT