Playing Yet Another Market Reversal

Fresh Options Ideas

We’ve been playing the markets like a fiddle throughout one of the most volatile periods in history, taking advantage of the see-sawing back and forth, and having been able to deliver multi-bag gainers to our readers. Yesterday was no exception.

After Monday’s historic selloff, we turned right around yesterday and fearlessly placed some SPY Calls on watch, which provided instant returns for us.

SPY Weekly $285-288 Calls
$285:
 3.00-8.74 (+191%)
$286: 2.70-8.08 (+199%)
$287: 2.43-7.61 (+213%)
$287.50: 2.26-7.31 (+223%)
$288: 2.25-7.04 (+213%)

We seem on track to see another reversal and down day for stocks today, so we’re going to want to reverse our position and signal interest in the SPY Weekly 282-279 Puts to try to stay in sync with the erratic pulse of the markets.


Aytu BioScience, Inc AYTU

We spotted AYTU in the premarket yesterday, including it in our morning report, and the stock put up the number one performance on the NASDAQ for the day. This was as the company secured the US rights to distribute a rapid point-of-care coronavirus test.

From a low of .91 AYTU reached 2.99, marking an intraday pop of 229% The company did, however, throw a wrench into the works in terms of continuing that run this morning, as they announced a huge $9M direct offering today, which will likely counteract any chance the stock had at stringing together some more nice gains of a similar magnitude.

Short-Term Traders Unphased by Virus

Novint Technologies, Inc. NVNT

As we were just mentioning yesterday morning, the OTC often becomes a haven from uncertainty on the larger exchanges. As the DOW reached terminal velocity in the largest single day loss in history, NVNT, an OTC play we’ve been tracking since nearly the beginning of the COVID-19 outbreak, enjoyed another solid session of gains.

Subsequent to our initial alert on NVNT last month on the 5th, the stock was trading for as little as .017 a share, and as its newly attained high of .06 yesterday, has risen by a margin of 253%


Fresh Options Ideas

We’ve also got a couple of earnings-related options ideas, as the markets appear ready to regain some of the lost ground from yesterday’s session. Dick’s posted a solid bump of same store sales in their Q4 report, while StitchFix cut guidance on annual sales and profits. We’ll also throw in an idea for the SPY in anticipation of some measure of a rebound for stocks today.

DKS Weekly $36-38 Calls
SFIX Weekly $19-16 Puts
SPY Weekly $285-288 Calls



Extended Watchlist:
ATVI, AYTU, PBR, OVV

Blue Horseshoe Stocks: Fresh New Options Ideas

Alibaba Group Holding Ltd. BABA – Review

On Friday morning, apart from recapping the amazing options idea we proffered in last week’s reports, we formulated one final fresh idea for the week. That was the BABA Weekly $165-162.50 Puts, and the performance there did not disappoint.

We sussed out multibag options gainers all week long, and this short on BABA was a solid way to cap it all off. The $165 Puts ran from a low of .78 and reached 2.26, for an intraday gain of 190% The $162.50’s also fared quite well, running from 1.84-4.36, which represents a 137% rip.
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SPDR S&P500 (ETF) SPY – Fresh Idea

In light of present conditions we’re observing, we’ll be staying on the short side of things with our fresh idea for today. We’re going to radar the SPY Weekly $290-288 Puts.

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Bonus Ideas:
Allakos, Inc. ALLK 08/16 $45-60 Calls 

Boeing, Inc. BA 09/06 $340-350 Calls


Extended Watchist: 
CEI, OESX, AYTU, FBIO, SAND, USLV

Blue Horseshoe Stocks: AYTU Review & More

Aytu Bioscience Inc. AYTU

Our attention is being drawn back to AYTU this morning, a stock that we placed on watch at the end of March. From the low of 1.55 we observed on the morning of our initial report on the 27th, AYTU had been gradually stair-stepping its way up the chart, reaching a high of 2.47 just last week (+59%).

This morning in the premarket, AYTU reached a brand new high of 2.90, marking an increase of 87% over our initially observed low, and leaving us anxious to see how the activity unfolds from here.


Amplitech Group, Inc. AMPG – Update

We also want to provide another quick update on AMPG, which printed new highs yet again yesterday for the second consecutive session. The stock hit .065, which marks a 51% rise over the .043 low we witnessed at the beginning of last month, when we released our first Special Report on AMPG.

A lot has happened in that span, which you can learn more about by exploring the links in the update we provided on AMPG in yesterday’s premarket report. We would not be at all surprised to see AMPG continue to add to the gains we’ve seen thus far.


FRESH OPTIONS IDEA:

Friday was a fantastic day for the markets, and yesterday was quite poor by comparison. Today it appears as if the see-saw may continue with another bullish session, so we’re going to place the SPY 05/15 $281-282.50 Calls on watch to coincide with our current market sentiments.


Extended Watchlist:
STM, ADMA, DPW, NAKD, EXAS, VCYT, USAT, MARK

Blue Horseshoe Stocks: MBRX Blows its Lid

 
Kimberly Clark Corp. KMB

We want to kick things off this morning by highlighting the fantastic options idea we included in yesterday morning’s premarket report. That was the KMB Weekly $125-128 Calls, and we’re pleased to relay the stellar first-day performance of those contracts, all four of which produced enormous multibag intraday moves, including a thousand-percent-plus play in the $128’s.

$125 Calls – Range: 1.40-7.14  – Max Gain: 410%
$126 Calls – Range: 1.00-6.50 – Max Gain: 550%
$127 Calls – Range: .72-4.90  – Max Gain: 581%
$128 Calls – Range: .36-4.80  – Max Gain: 1233%
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FRESH OPTIONS IDEA:
Twitter, Inc. TWTR Weekly $35.50-37 Calls
Hasbro, Inc. HAS Weekly $97-101 Calls
Lockheed Martin Corp. LMT Weekly $327.50-$337.50 Calls


Moleculin Biotech, Inc. MBRX – Recap

Following the FDA fast-tracking of the company’s Annamycin drug, yesterday morning we noted that this stock we began tracking late last month had risen by 89% (.7772-1.47) right on the heels of the good news. It would appear that the development took some time to fully filter through the investment community, because even we weren’t prepared for the enormous continuation of momentum that has now transpired.

From yesterday’s 1.25 low-of-day, MBRX shot up like a rocket and ultimately reached a new peak of 3.15. That worked out to a single session surge of 152% From our initially observed low, it represents an increase of 305% in just over three weeks of trading. This has not turned out to be our biggest stock-only call of the year so far just yet, but it is right up there among the best.


Extended Watchlist:
TMPS, GNC, AYTU, HLTH, VERB, VTVT, FORK, WVE, RVP, CVM

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