Smith & Wesson Holding Corp. SWHC – Options Update
Chances for multi-bag gains from our multitude of options trading ideas became downright commonplace in 2015, and our very first options idea of 2016 held to that standard quite nicely.
We cited a couple of reasons behind our logic in signaling the SWHC $24-26 Calls
for observation in yesterday’s premarket report, and were rewarded with generous moves in every set of contracts in that range:
$24 Calls – Trading Range: 1.55-2.70 – Max Gain: 74%
$25 Calls – Trading Range: .88-1.90 – Max Gain: 116%
$26 Calls – Trading Range: .46-1.20 – Max Gain: 161%
In addition to these primary gains that were made possible by the trading action in SWHC, each set underwent dip-and-rip scenarios over the course of the day, and ancillary profits were possible in each case.
Rest assured that this winning selection in the SWHC chain was only the first of many quick-strike options opportunities we’ll provide via our reports in the new year so stay closely tuned!
Aluf Holdings, Inc. AHIX
AHIX was the big gainer from yesterday’s premarket report on the stock side of things. Although it both started and finished in subpenny territory, in the interim the stock made a solid journey into Pennyland as it ran from a daily low of .0031 on up to .0117. That equals an intraday rip of 277% on big volume on the order of nearly 7X the 1-month average.
The PPS did taper back toward the end of the day, but maintained a good majority of the advances we observed into a close at .0084. Between that and the heightened volume, we’ll need to keep a slot on our radar screens reserved for AHIX.
Carolco Pictures, Inc. CRCO
CRCO is a stock we’ve had on our radar since mid-December, and has also been a topic of discussion in our daily trader’s chats. In fact, one of our chat members that has a propensity for signaling winners (known to our readers as DJ) made sure everyone turned their attentions back to CRCO Monday afternoon, in plenty of time to catch its huge upward move.
Monday’s low came in at .0011, and yesterday, the stock soared to an amazing new high of .0054; a two-session swing of 391%
We felt that CRCO served as yet another stark reminder that participation in our daily chats offers a higher frequency of opportunities than reading our morning reports alone. We encourage all interested parties to get involved. For the time being, all it takes is a Skype contact request sent to ‘stocksumo‘.
Extended Watchlist:
AGTK, AWGI, ONOV, TPAC, WRFX, MGI(Watching for a possible bottom)