JB Hunt Transport Services, Inc. JBHT
The most interesting options trading candidate we are seeing from the pool of un-traded upon earnings reporters is JBHT, which dropped an extremely solid quarterly in the post-market yesterday. The company beat on earnings, year-over-year revenue, and bested expectations on guidance as well.
We are going to track a pair of contracts, the JBHT Weekly $95-100 Calls to try to take advantage of the resulting activity.
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CORRECTION: Reviewing Friday’s Winners:
Yesterday, through a small error, our newsletters went out without the proper figures for our options ideas on Friday. Here are the correct gain totals.
SPDR S&P500 (ETF) SPY Weekly $299-300 Calls
$299 Calls – Range: .67-1.75 – Max Gain: 161%
$299.50 Calls – Range: .34-1.20 – Max Gain: 252%
$300 Calls – Range: .13-.75 – Max Gain: 477%
Cigna Corp. CI Weekly $167.50-175 Calls
$172.50 Calls – Range: 1.26-4.30 – Max Gain: 241%
$175 Calls – Range: 3.70-6.55 – Max Gain: 77%
American Electric Technologies, Inc. AETI
We try to keep running tabs on everything we mention in our daily reports, and in AETI we have a stock that we tagged for observation at the end of May. In the seven ensuing weeks, the stock has more than doubled.
We observed a low of .60 in AETI subsequent to our initial alert and the stock managed to register a new high of 1.45. That works out to an overall rise of 142% and was good for the #2 spot on the NASDAQ gainers list for the day. If it can break previous resistance at 1.61, it will officially be in blue sky territory.
Tautachrome, Inc. TTCM
Our OTC play from yesterday morning was indeed a runner. The stock made an intraday move from a low of .0103-.0197, which marks a 91% gain on what amounted to more than five times the monthly average daily volume.
The extreme volatility here, like the options plays we select, is what makes this attractive to us as short-term traders. We’ll continue to keep an eye on TTCM for any other possible swing trade opportunities.
Taronis Technologies, Inc. TRNX
One we’ve been watching since Monday of last week is TRNX, which was trading for as little as .1832 following our most recent update.
It trended up to and closed at a high of .35 yesterday, and so far in the premarket this morning it has reached as high as .53. That’s an incredible swing of 189% inside of a week! We’ll want to see previous resistance at the 50DMA to hold as support on any pullbacks.
Extended Watchlist:
OSTK, OBLN, MARK, DSS, MLNT, BPTH, NVCR, CGIX