Wolverine Technologies Corp. WOLV
We want to place WOLV on watch this morning for a couple of reasons. Apart from coming off of a recent support level and showing some bottom-bounce activity, we also like the involvement of David Chalk, formerly of the TV show, Tech Talk with David Chalk.
David recently signed a purchase agreement with the company, with plans for him to come on board as a tech consultant once the transaction is completed, so someone of his notoriety putting skin in the game on WOLV definitely gets our attention. And, as we said, the stock is also interesting from a technical standpoint.
Solid Picks From Yesterday
We had a couple of the stock ideas from yesterday morning’s premarket report pan out for some good intraday moves:
Worlds, Inc. WDDD – Trading Range: .017-.029 – Gain: 71%
MarilynJean Interactive, Inc. MJMI – Trading Range: .205-.255 – Gain: 24%
Added Note: We’ve been tracking Intermolecular, Inc. IMI since Wednesday and it has made small increases, reaching higher highs each day. We want to continue to watch this multi-day mover.
Macy’s Inc. M – Options Update
We reminded our readers yesterday of just how adept we’ve become at spotting prime options trading opportunities on the heels of impressive earnings calls, and Macy’s was ultimately a fantastic target for us in that regard.
We specified a target range that included seven sets of contracts, and multi-bag single-session moves were made by every single one of them! Our selections, the M Weekly $36.50-39.50 Calls, turned out the following gains on the day:
$36.50 Calls – Range: 1.81-3.76 – Max Gain: 108%
$37 Calls – Range: 1.55-3.30 – Max Gain: 113%
$37.50 Calls – Range: 1.23-2.61 – Max Gain: 112%
$38 Calls – Range: .74-2.35 – Max Gain: 218%
$38.50 Calls – Range: .25-1.55 – Max Gain: 520%
$39 Calls – Range: .26-1.40 – Max Gain: 438%
$39.50 Calls – Range: .18-.97 – Max Gain: 439%
Fresh Options Ideas:
We also want to keep a close eye on a couple of other earnings-related plays. Both JC Penny’s (JCP) and Nordstrom’s (JWN) have beaten expectations on the Street, so we’re going to have some ideas standing at the ready for each of them:
JCP 08/19 $9.50-10.50 Calls
JWN 08/19 $50-55 Calls
DFSH, SNWV, TREP, WTII, ALJ, GBR