Franchise Holding International, Inc. FNHI
Our extended watchlist in yesterday morning’s premarket report consisted solely of OTC stocks, and the most standout play among them was definitely FNHI.
The stock made a very nice move for us, from a low of .069 up to .13. That works out to a move of 88% and it occurred on the highest single session volume ever recorded by the stock, so we would say that our alert was incredibly timely.
We’ve also prepared a video chart presentation on FNHI that we hope you’ll check out, which outlines the specific areas of support that the stock needs to hold in order to keep our interest going forward.
Teva Pharmaceutical Industries Ltd. TEVA
The top performer out of yesterday’s fresh options ideas was TEVA, which produced modest, yet respectable gains despite a relatively flat day for the markets as a whole.
Our ideas were the TEVA Weekly $12-12.50 Calls. The $12’s traded up from a low of 1.39 and hit 1.75 for a gain of 26% while the $12.50’s ran from .80-1.25, a 56% intraday move.
Fresh Options Idea:
Seeing a lot of things down in the premarket, and given the general sentiment o at the moment, we’re going to try our luck with some SPY Puts for today’s fresh options idea.
We’;ll radar the SPY Weekly $336.50-335 Puts for observation today.