IMPORTANT ANNOUNCEMENT
Before we get down to our interests for today’s session, we wanted to give our readers a quick heads-up for Monday morning.
We’ll be presenting a special in-depth report on an intriguing cannabis stock with a diverse portfolio and an attractive backstory, so be sure to monitor your inboxes closely around 9:00am Eastern on Monday! The set-up on the chart should give us a great chance at kicking off next week on a high note.
Lot78, Inc. LOTE
Moving along to today’s report, we’ve got to provide an update on LOTE, which we’ve been tracking since Thursday of last week. At the time, the stock was trading as low as .0037, and the progress it has made since then has been nothing short of astronomical.
In fact, LOTE has pushed to new highs in each of the five sessions since we brought it to the table. Yesterday, it churned out its second biggest single-session move yet, running from the open at .013 up to .03, for intraday gains of up to 131%
The overall increase over our observed low from a week ago as of yesterday’s high comes out to 711%, so big cheers are in order for anyone who caught the wave! As long as the stock continues to record higher lows and higher highs, we’ll be keeping a close eye on it.
Fresh Options Ideas:
Bank of America Corp. BAC – With the markets ripping this morning off of impressive jobs numbers, we’ll be interested in checking out a couple of contracts in the BAC options chain. The stock itself is in a good position on the chart to continue its recent rebound, so we’ll be eyeing the BAC Weekly $13 and $13.50 Calls for possible daytrade chances. But remember what we always say, in terms of weekly options trading on Friday: For expert traders only!
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Barracuda Networks, Inc. CUDA – Following an impressive untraded-upon earnings beat yesterday afternoon, we are very keen to observe the activity in CUDA in sessions to come. We’re going to signal a couple sets of options contracts for tracking on this one as well, namely the CUDA 07/15 $15 and $17.50 Calls. These don’t expire until next Friday, so evaporating premiums won’t be an issue today.
Extended Watchlist:
BILB, CAFN, GRSU, FTPM, FPVD(Bottom bouncer)