Form-4 Bottom Play & More


We are still actively tracking the options targets we designated in the SPY chain in Tuesday’s premarket report which were the SPY Weekly $340-341 Calls. We got some pretty nice intraday gain opportunities in the 60-80% range early Tuesday, but the following upswing that we observed in these plays yesterday was far better.

The $340 Calls registered another run from .98-3.28, which marks a 235% move, while the $341’s ran from .75-2.65, for a 253% rip.

Fresh Options Idea:
DPZ Weekly $427.50-417.50 Puts 

Arcutis Biotherapeutics Inc. ARQT – Form-4 Bottom Bouncer

Following multiple Form-4 submissions to the tune of over $12M each last week, ARQT sold off and began to establish just the type of chart setup we are always on the lookout for. A recently tanked stock with a gap on the chart to the upside, that is establishing a trend off of that bottom.

Combined with the recent insider purchases, and it makes for a stock that we need to have on our watchlist in the weeks, and perhaps even months ahead.

Extended Watchlist:

OTC Stocks Popping

Reviewing OTC Gains  

We have been focusing a bit more on OTC stocks than we have in years in the middle of the global health crisis. When big board stocks get in trouble, many opportunistic short term traders will turn to the lower exchanges to seek out chances.

So that’s why our readers have seen an uptick in OTC mentions here in our daily newsletter offerings, and already we’ve seen multiple significant payoff opportunities. In our morning report from last Wednesday, we tagged NBDR, and the stock has produced a multi-bag run in just a short period. It has traded in a range from .0112-.0489, which represents a gain of 337%

In addition to our premarket newsletters, any of our followers are welcome to participate in our daily traders chats on Skype (Contact request “stocksumo” to gain entry) to discover or share other opportunities throughout the course of each trading day. Here are a couple of coronavirus related chatroom plays from yesterday which fared very well:

Premier Biomedical, Inc. BIEI
Range: .0011-.0055 | Gain: 400%

American Biomedical Corp. ABMC
Range: .175-.43 | Gain: 146%

Fresh Options Ideas:
Direxion Daily Junior Gold Miners Index Bull 3X (ETF) JNUG Weekly $4-5 Calls 
Virgin Galactic Holdings, Inc. SPCE $13.50-16.50 Calls

Extended Watchlist: