Snap, Inc. SNAP – Options Review:
We formulated some options ideas for the SNAP chain in Friday morning’s premarket report. With the help of a solid market push as well as the company’s 1Q earnings beat, we saw some really nice gain opportunities there toward the end of the session to close out the week in a big way.
We were tracking the SNAP Weekly $59.50-61 Calls which recorded the following intraday MEGA-moves for us on the day:
SNAP Weekly $59.50-61 Calls
$59.50: .12-2.20 (+1733%)
$60: .08-1.81 (+2162%)
$60.50 : .05-1.16 (+2220%)
$61 : .03-.79 (+2533%)
Post-Earnings Options Ideas:
PFPT 05/21 $170-175 Calls
OTIS 05/21 $70-75 Calls
Good Vibrations Shoes, Inc. GVSI – Update:
We initially flagged GVSI last Tuesday morning, and on that day the stock was trading for as little as .0036. Volume was high throughout the week and the stock began to run. It hasn’t looked back, as it persisted through subpenny territory and well into Pennyland.
GVSI not only passed a penny, but nearly made it to two on Friday, hitting a new high of .019. That worked out to a four-day upswing of 428% over our observed low! We are also seeing premarket trades over two cents this morning, so the momentum seems to be spilling over into this new trading week.
FBC Holding Inc. FBCD – Speaking of subpenny plays on recent runs. We re-tagged FBCD on Friday, after it initially caught our eye earlier in the month. From a low of .0037, the stock hit .0082, which made for an increase of 122%
MMEDF, GGII, ABML, PJET, HESG, MMEX, EEGI, SNPW, RETC, SRMX