Wynn Resorts, Ltd. WYNN
We saw an opportunity to jump on some quick-strike WYNN calls yesterday morning,despite the stock already having made a ten-dollar move to the upside since we first began tracking it at the beginning of the month. The Macau gaming industry is booming, and the positive outlook has related stocks doing so as well.
We targeted the WYNN Weekly $108-110 Calls and regardless of the chosen strike-point from within that range, hefty single-session gains were there for the taking. All three sets of contracts made major moves:
$108 Calls – Range: .55-2.05 – Max Gain: 272%
$109 Calls – Range: .40-1.58 – Max Gain: 295%
$110 Calls – Range: .20-1.10 – Max Gain: 450%
The stock appears to be consolidating slightly in early trading this morning, but we’ll be on the lookout for further activity in these plays provided it holds support above $108 on the dip.
APT Systems, Inc. APTY
We’ve taken notice of APTY this morning, which has built up a nice little head of steam in recent sessions. The latest run has been helped along by yesterday’s PR that the CEO intends to buy shares out of the open market to increase her position, as well as already having what we consider a tight share structure.
Based on those factors, its positioning on the chart, and the volatility which is characteristic of such a subpenny play, we’re going to want to keep an eye peeled for more solid swings to the upside in sessions to come.
Misonix, Inc. MSON
We’re also looking at MSON this morning, which we like for the setup of the chart. As you can see on the snapshot below, a major selloff occurred yesterday, and the stock is making its way down to a previous level of support, which we’ve pointed out.
We’ll be looking for it maintain above that $5-level, and some subsequent bounce action. At present the stock is screaming toward heavily oversold territory, so it’ll be interesting to see how it unfolds from here, all things considered.
Extended Watchlist:
NAVB, CPRX, CAR, GLRI, XLIT, COSI, ANDR