PCT Ltd. PCTL – Update –
We have taken a slight detour from our typical options and big-board-heavy focus to look back to the OTC Markets, where we used to make the bulk of our bread and butter, many years ago.
The lower exchanges are still good for speculative short term trading if you know where to look, and PCTL, which we initially tagged for observation first thing Monday morning, has now continued to move impressively through a second consecutive session. As we reported yesterday morning, on Monday the stock ran from .0089-.015 (+69%), but that was just the beginning.
We mentioned that crossing the barrier between subpenny and penny territory is a difficult thing for an OTC stock to do, and that it was an occurrence that warranted further attention in and of itself. We’re glad we didn’t let it slip off of our radars because PCTL added another huge performance yesterday. From a daily low of .0127 the stock shot to a new high of .0278! That represents an intraday gain of 119% and measured from our observed low on Monday, a total two-day increase of 212%
Tenet Healthcare Corp. THC – Fresh Options Idea –
We won’t ignore the options trading arena completely, with one idea in particular sticking out to us this morning. We are seeing some volatility arise as the stock is in a prime bottom-bounce position, and are going to want to track a couple of ideas through to the end of the week.
We are going to potentially target the THC Weekly $18-18.50 Calls, which will stand to perform well over the remaining three sessions of the week if it can begin to establish some momentum off of the bottom you can on the chart below.
CSTM, SDRL, ITCI, HOME, S, GHDX