SPDR S&P 500 ETF (SPY) – Recap
We were looking to take advantage of the rebounding markets yesterday morning with some SPY calls, and it turned out to be a solid idea for the day.
We told readers to look out for a classic dip-and-rip scenario, which did ultimately come to fruition. We designated the SPY Weekly $264-266 Calls as our targets and saw notable intraday moves out of each and every one.
$264 Calls – Range: 1.83-3.09 – Max Gain: 69%
$264.50 Calls – Range: 1.62-2.72 – Max Gain: 68%
$265 Calls – Range: 1.28-2.37 – Max Gain: 85%
$265.50 Calls – Range: 1.05-2.00 – Max Gain: 90%
$266 Calls – Range: .83-1.70 – Max Gain: 105%
Fresh Options Idea:
Pricesmart, Inc. PSMT 04/20 $80 & $85 Calls
Capstone Turbine Corp. CPST
We’d like to wrap things up this week by coming back to CPST to highlight the excellent performance of the stock since our alert on the morning of March 12th.
In the three weeks since then, CPST has been on a near-continual run up the chart, even as the markets ran into some trouble earlier this week. From its low of .934 subsequent to our alert, to yesterday’s high of 1.53, the stock has produced a move of 64% Volume also picked up drastically yesterday, leaving us anxious to see where the current surge of momentum will take CPST.
CRSP, SPI, OPTT, RIGL