INSYS Therapeutics, Inc. INSY
As we were just mentioning yesterday morning, we’ve been tracking the INSY 01/19 $8 and $9 Calls since Wednesday morning.
After Friday’s session brought us some solid gains, we mentioned that we could be in line to see an extension to those moves, and that we’d look to roll up our strike price to the $10-level if the stock held above its premarket low of 9.75, which it did with no problem.
We were able to see some nice extensions to the highs we had already observed in the $8 and $9 Calls, and as a nice move on the $10′s as well. We’ve now witnessed the $8 Calls run from .90-3.20, for a gain of 255%, while the $9′s have gone up from .60 to 2.70, which works out to a 350% run. Excellent gains were there for the taking on the $10 Calls as well, as they ran from .70-1.80 on the day, a 157% rip.
A play on the stock alone from the low on Wednesday following our initial alert at 7.64, to yesterday’s high of 11.62, would have been good for gains of up to 52%and the stock has trended even higher in the premarket this morning, so we’ll be on the lookout for this party to possibly keep rolling.
Pot Stock Updates
We’d also like to swing back around to provide updates for a couple of our favorite cannabis plays. Back on November 7th, we reminded our readers of what a big year 2018 was gearing up to be for the marijuana business. We included a list of cannabis plays to watch closely, and among them was ACBFF and TRTC. Two stocks that we’ve been tracking for years.
Neither one has gone any lower since November, and in fact each have gone on to make some fantastic moves in the last 7 weeks. The excellent gains made available by these plays were as follows:
Aurora Cannabis, Inc. ACBFF - Range: 2.7776-9.50 – Max Gain: 242%
Terra Tech Corp. TRTC – Range: .1885-.578 – Max Gain: 207%
There;s not going to be any slowdown in our tenacity to cover cannabis stocks as we progress into the new year. California kicked off legal recreational sales this week, and Canada will do so in just six short months. 2018 is set to be a very green year!
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