We are tracking three unrelated yet similar plays as our first area of interest this morning. These are all stocks that have recently recorded a bottom-bounce reversal, with recoveries underway.
Blink Charging Co. BLNK
Kandi Technologies Group, Inc. KNDI
Sorrento Therapeutics Inc. SRNE
We are going to place these stocks on our watchlist moving forward and begin to track their movements in the days and weeks ahead. Their current runs may only just be getting started.
McCormick & Co. MKC – Options Update
We also offered up an options idea in yesterday’s premarket report, targeting the MKC 10/16 $195 Puts, on the heels of the company’s earnings report.
We got some very nice early activity out of that contract, which traded up from a low of 5.84 and went on to hit 12.85. That represents an intraday gain of 120%
Fresh Options Idea:
SPY Weekly $334-335 Calls
CLR, ABCE, PMPG, VPLM, WTII