AAPL, EVRM, AUY & Extended Watchlist

Apple, Inc. AAPL Options

On Friday we talked about our interest in the $435 and $440 Calls, and the day’s session certainly provided us with significant opportunity. The $435’s were changing hands for as little as 2.34, and went back over 4.00, and the $440’s went for as low as .60 before running to 1.30 in just the first hour of trading. The $435’s then went on to provide us with a couple of bounce opportunities over the remainder of the day.

Evermedia Group, Inc. EVRM

EVRM came off of Friday’s Extended Watchlist to provide us a couple of chances for modest gains. The stock started the day by trading in a range from .0014-.0016, then dipped back to .0012 before closing at .0014.

Yamana Gold Inc. AUY
We are putting AUY on watch this morning as a potential bottom bounce play. The stock is trading around its 52-week lows, thus we want to be on the lookout for a possible reversal.

Unlike a lot of the OTC gold stocks we cover which are usually beginning-stage companies, this NYSE-traded company is engaged in fairly heavy production. They recently reported a 4% year-over-year increase in gold production for the First Quarter, pulling over 248,000 ounces of gold from the earth, yielding revenues of more than a half-billion dollars.

Couple the recent beating taken by gold, and the earnings and revenue (while impressive in and of themselves) failing to meet Wall Street’s expectations, we can see why the stock has fallen. We also want to be there to see the recovery as well, so we will be continuously montiring AUY for the foreseeable future.

Extended Watchlist: