Big Time Options Runners:
Yesterday was a very interesting day on the markets, as the Fed Meeting predictably threw an element of extreme volatility into the mix that typically helps swing traders such as ourselves and most of our readers. The activity sent the SPY 09/21 $386-385 Puts, which we signaled for observation on Tuesday morning, into an absolute frenzy of multibag movement.
We also had signaled a longer-term set of calls in the GIS 10/21 $77.50-80 Calls, yesterday morning, and General Mills bucked the trend so heavily that we didn’t even have to wait days or weeks for the idea to mature, as is often the case with our signals that have expiration dates weeks or months into the future. Those too made excellent moves during what turned out to be a very exciting trading day.
SPY 09/21 $386-385 Puts
$386: .73-9.03 (+1137%)
$385: .50-7.98 (+1496%)
GIS 10/21 $77.50-80 Calls
$77.50: 1.60-4.40 (+175%)
$80: .62-2.50 (+303%)
LEN Weekly $75-76 Calls
TCOM 10/21 $25-26 Calls
DRI 10/21 $125 Puts
PLUG 10/21 $25-26 Calls
SPRO, AVCT, BEAT, VRAX, MOHO, NYAX, PSTV, GTVI, NUGN, GTII
The Coca-Cola Co. KO
Our first order of business today is to swing back around for our fresh Coke options trading idea from yesterday morning. We knocked it out of the park once again, adding to a long train of recent successes with options ideas, particularly those related to big time earnings beats.
We called for tracking the KO Weekly $45-46 Calls and are pleased to report that big gains were available throughout the entire range.
$45 Calls – Range: .83-1.56 – Max Gain: 88%
$45.50 Calls – Range: .44-1.08 – Max Gain: 230%
$46 Calls – Range: .18-.63 – Max Gain: 288%
AMD Weekly $16.50-17 Calls
QCOM Weekly $62.50-64 Calls
UAA Weekly $21.50-23 Calls
YEXT, TRCH, CNHI, UA, SVU, BEAT, BTI, CATB
We had so many potential winners in this morning’s report, we wanted to send out a quick afternoon update highlighting the best ones:
Singlepoint, Inc. SING
SING came down as low as .0195 early-on this morning, and began to run once again, pushing as high as .0495, an intraday move that provided a gain of up to 154% That’s an impressive figure for a first alert, so this is most likely going to be a topic of continued discussion moving forward. SING is shattering its norms for volume, currently closing in on 10x its 3-month average.
Alternative Energy Partners, Inc. AEGY
AEGY made its mark as well today, trading in a daily range from .0082 to .0119, a 45% move on just under four times its average trading volume.
BioTelemetry. Inc. BEAT
BEAT was one off of this morning’s extended watchlist that made a nice positive move. It briefly touched 8.20 early in the session before making a solid 15% move to 9.44. That’s a significant margin of gain for a stock in this price range over such a short time span.
US Energy Initiatives Corp. USEI
In addition to those mentioned this morning, we wanted to add another stock to our radar this afternoon in the form of USEI. We’ve been watching this one blow up today after announcing its entry into the Cannabis Sector. The ‘Green Rush’ strikes again! We’re going to add this to our long-term pot stocks tracking list as well as continue to monitor its short-term activity.
SANTA CLARITA, CA–(Marketwired – Feb 3, 2014) – U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased to announce today that the Company has decided to enter the Medical Marijuana and Hemp industries to capitalize on opportunities and relationships it has in the sector. The Company has already begun forming a subsidiary called USEI Cannabis Initiatives Corp and will develop the website for the Company and the web address will be www.useicannabis.com.