ViaDerma, Inc. VDRM
VDRM was the first of a pair of plays from yesterday morning’s extended watchlist. The stock enjoyed a gradually increased PPS over the course of the entire session, and ran into the closing bell with strength.
VDRM’s daily trading range was from .0145 to .03, which works out to an intraday pop of 107% The double-bag move came on well over twice the 3-month average volume, and as stated above, VDRM ran into the close, so we’re going to be maintaining our watch over the stock for the time being, looking for it to record higher lows and higher highs once again.
Affinity Beverage Group, Inc. ABVG
The other item of interest from yesterday’s premarket watchlist was ABVG, which also commanded a fantastic performance which led to a doubling in PPS.
ABVG ran a cool 100% from its super-subpenny low of .0007 right up to a subpenny high of .0014. Like the aforementioned play, it closed very near to its high-of-day, and did so on immense volume. To be exact, ABVG traded 13 times as many shares as its 3-month average, so we will also have room on our watchscreens for this one in sessions ahead.
Michael Kors Holdings Ltd. KORS – Options Idea
With KORS disappointing on Q3 revenue, as well as issuing shaky guidance, the stock is taking a hit in early trading here in the premarket.
Accordingly, we are going to want to signal a range of bearish options to monitor in the event that an even more precipitous decline is in the cards. We’ll be watching the KORS Weekly $39-36 Puts closely, and choosing our specific strike point/s based upon how the activity unfolds once these earnings revelations are traded upon during regular hours.
Extended Watchlist:
BIEL, TPNI, PULM, ATHX, MYOS, AVXL,