More New Highs for Biotechs
Essentially every play we’ve been tracking that is in any way related to medical/biotech have been setting new highs as fast as we can update them. The coronavirus hysteria, along with an underlying need for a market correction is producing some incredible effects. Here are the new highs on such stocks on our watchlist.
Co-Diagnostic Inc. CODX – As we were mentioning yesterday, we’ve been on the trail of CODX since the end of last month, at which time we observed a low of 1.52. Yesterday, just as we cautioned it would, the stock reached as high as 19.67. That extends our observed range on this play to 1194%
Vaxart Inc. VXRT – Another coronavirus play we’ve been watching has been VXRT, beginning on January 31st at a low of .956, and there is an impressive new high to report here as well,. The stock hit 3.40 yesterday, which brings our total possible gains on VXRT to 256%
iBio, Inc. IBIO – Lastly, is a stock we placed on watch just a shade under three months ago, in IBIO. Subsequent to our tag on 12/05, we observed a low of .189 in IBIO, which has given way to a new high of .887 this week as viral virus fears continue to sweep the investment community. That represents a gain of 369%
Fresh Options Ideas:
SPY 03/13 $298-301 Calls
Co-Diagnostic Inc. CODX – Review
The last time we mentioned CODX in one of our reports was toward the end of last month, and at the time the coronavirus was not inspiring as much fear as it is presently, but the stock had still already begun to trade high volume and edge upward.
Now, with the CDC warning of a potential pandemic, even as some public officials attempt to downplay the significance, fear-buying has driven up stocks like CODX, which happened to be the #2 gainer on the NASDAQ yesterday. It enabled new highs for us, and we’ve now seen CODX run from a low of 1.52 up to 10.89 in just over a month’s time! That’s a fantastic increase of 616%
The stock has broken $14 in the premarket, so our observed range stands to increase significantly today.
Vaxart Inc. VXRT
Speaking of coronavirus plays, we signaled VXRT on January 31st and promptly provided an update this month on the 4th, and it too has enjoyed a fear-powered run up the chart.
Our initially observed low on this play was .956, and as of yesterday’s new high of 1.91 that works out to an upswing of 99% With the stock on the verge of hurtling upward into blue skies, (over $2 in the premarket) we’re going to want to continue to keep an eye peeled for further activity.
Fresh Options Ideas:
SQ Weekly $78-80.50 Calls
MAR Weekly $120-117 Puts
PXYN, MRNA, TNXP, INO, LMPX, SIX,
Palo Alto Networks, Inc. PANW – Update
In addition to the PANW Weekly $240-235 Puts we highlighted on Monday, yesterday we cast an even wider net in modifying our strike area to include the $210-200 Puts.
Thanks to the 3rd biggest single-session loss in DOW history, we’ve got all new highs on each and every contract we’ve been tracking.
PANW Weekly $240-235 Puts
$240: 10.11-43.37 (+329%)
$237.50: 8.85-41.61 (+370%)
$235: 7.75-43.00 (+455%)
$210: 8.65-16.50 (+91%)
$207.50: 6.06-14.52 (+140%)
$205: 5.02-12.15 (+142%)
$200: 2.08-8.75 (+321%)
TJX Weekly $62.50-65 Calls
LOW Weekly $119-121 Calls
Genprex, Inc. GNPX
Our regular readers should recall our recent coverage of GNPX, which we initially slated for observation in our report on on January 6th, when the stock was trading for a little as .29. We were recently commenting on its incredible performance just last week.
Despite some of the worst days for the market in its history, GNPX has managed to set new highs once again, yesterday reaching 7.03. From our observed low of less than two months ago, that represents an a stellar overall increase of 2324%
iQSTEL, Inc. IQST
We also wanted to relay the new high set by IQST, which we had just signaled on Monday morning, and updated readers on yesterday morning. From our low of .1483, the stock soared to .5174, registering as a total two-day gain of 249%
IQST also has news out today, so we’ll keep it on our radar jedhbdhuj